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4001 Illinois 159 Smithton, IL

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For Sale
$1,160,000

Retail property for sale on a major thoroughfare.

Property size:
9,450 SF
Lot size:
0.71 Acres

Property Features for 4001 Illinois 159

General Information

Size
9,450 SF
Lot size
0.71 Acres

Source: NAI DESCO Agent Corbin P Cox

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


Overview

Retail Opportunity on Illinois 159

This 9,450 square foot retail property is located on State Route 159, a major north to south thoroughfare. The property is 92% occupied and presents a value-add opportunity to significantly increase net operating income by converting current modified gross leases to triple net leases upon lease expiration. The property is positioned as a potential 1031 exchange opportunity.
Location Intelligence

Current Use by Public Records

Shopping malls

Map

City
Smithton
County
St. Clair
State
Illinois
Longitude
-89.9920501
Latitude
38.4086616

FAQs

What type of property is this?
Shopping center - Retail property for sale on a major thoroughfare.
Where is this shopping center located?
The property is located at 4001 Illinois 159 Smithton, IL.
What is the asking price?
The asking price for this property is $1,160,000.
What are key features of this property?
This property features: - Value Add Opportunity - Significantly increase NOI by converting current modified gross leases to NNN leases upon lease expiration; - 92% Occupied; - Priced at $122.75 Per Square Foot
More about this property
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