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    3672 St Rte, Unit 111 Granite City, IL

    For Sale
    $2,370,370

    NNN leased industrial property with long-term tenant.

    Property size:
    20,000 SF
    Lot size:
    4.77 Acres

    Property Features for 3672 St Rte

    General Information

    Size
    20,000 SF
    Lot size
    4.77 Acres

    Source: BARBERMurphy Agent Steve C Zuber

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Granite City Industrial Investment

    The property is located in Granite City, Illinois, along Route 111, offering convenient access to three major interstates: 2.5 miles from I-255, 3 miles from I-270, and 5 miles from I-55/70. Situated nearby is Gateway Tradeport, a 600-acre master-planned industrial park, and Gateway Commerce Center, a 2,300-acre master-planned industrial park in the St. Louis Metropolitan region. The property is currently occupied by Beacon Roof Supply, a publicly traded distributor of roofing, waterproofing, and related exterior products in the United States and Canada. Beacon is a leading provider of commercial and residential roofing, siding, windows, decking, insulation, specialty lumber, waterproofing, and air barrier systems to the North American building industry. The tenant has approximately 6 years remaining on their lease, with two 5-year options for renewal based on market rent at the time of renewal. The lease structure is NNN, with all expenses, including insurance, taxes, utilities, upkeep, and maintenance, covered by the tenant. The lease includes 3% annual rent increases. The property has a total size of 20,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    Granite City Storage, Dixon Mini Storage

    Map

    City
    Granite City
    County
    Madison
    State
    Illinois
    Longitude
    -90.1487199
    Latitude
    38.7014389

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    FAQs

    What type of property is this?
    Warehouse - NNN leased industrial property with long-term tenant.
    Where is this warehouse located?
    The property is located at 3672 St Rte, Unit 111 Granite City, IL.
    What is the asking price?
    The asking price for this property is $2,370,370.
    What are key features of this property?
    This property features: - High-Quality Tenant: Leased to Beacon Roof Supply, a leading distributor with nearly 100 years of experience.; - NNN Lease: Tenant handles all expenses, offering a truly passive investment.; - Long-Term Lease: Enjoy stable cash flow with 6 years remaining on the lease and (2) 5-year options.
    (618) 277-4400
    Request Owner's contact information
    3672 St Rte, Unit 111 Granite City, IL
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    Granite City, IL
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3672 St Rte, Unit 111 Granite City, IL
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