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    5403 N Illinois St Fairview Heights, IL 62232

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    For Sale
    $260,000

    Fully leased office building in high-traffic Fairview Heights location.

    Property size:
    1,716 SF
    Lot size:
    0.31 Acres

    Property Features for 5403 N Illinois St

    General Information

    Size
    1,716 SF
    Lot size
    0.31 Acres

    Source: BARBERMurphy Agent John L Eichenlaub

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

    Overview

    Leased Office Building Investment

    This is an investment opportunity to acquire a fully leased office building located on North Illinois Street in Fairview Heights. The property is situated in a high-traffic, high-visibility location with an average daily traffic count of 27,000 vehicles. The building was remodeled in 2019. The property size is 1,716 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Hotel & Motel Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairview Heights
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9855517
    Latitude
    38.6162693

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    FAQs

    What type of property is this?
    Office building - Fully leased office building in high-traffic Fairview Heights location.
    Where is this office building located?
    The property is located at 5403 N Illinois St Fairview Heights, IL.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: - High CAP rate: 9%; - Fully leased office building; - High traffic/visibility location: 27,000 ADT
    (618) 277-4400
    Request Owner's contact information
    5403 N Illinois St Fairview Heights, IL 62232
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    Fairview Heights, IL 62232
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    5403 N Illinois St Fairview Heights, IL 62232
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