Granite City Multi-Use
1908 State Street, Granite City, IL 62040
Multi-use facility in downtown Granite City with income potential.
Type:Commercial/Industrial
Property size:
17,691 SFLot size:
0.29 AcresPrice / SF:
$10/SF- Added:
- Jan 9, 2024
- Days on Market:
- 868
- Last Refresh:
- May 19 at 9:35 pm
Property Features for 1908 State Street
General Information
- Standard status
- Active
- Size
- 17,691 SF
- Lot size
- 0.29 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1940
Listing agent Jim Reppell License #475125734 (618) 791-7663
Listing office RE/MAX Alliance (618) 791-7663
Listing date Jan 9, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Alliance
HighLights
- Multi‑use facility in downtown Granite City, offering diverse income potential.
- Existing gym (Tank Training) provides immediate business opportunity; equipment available at half price with acceptable offer.
- Leased upstairs unit generates $7,000 annual income, increasing to $8,000 in 2026, with lease extending to 2027.
- Additional rental income from rear office space leased to a massage therapist.
- Ample parking in the rear of the building.
- Rubber Modified roof installed in 2019.
Overview
This multi-use facility is located in downtown Granite City, near Granite City Steel and Gateway Regional. The main level is currently owner-occupied by "Tank Training," a gym. There is ample parking available at the rear of the building. A rubber modified roof was installed in 2019. An existing elevator, fully operational 10 years ago, could potentially be made operational again. The upstairs unit is currently rented until 2027 for $7,000 per year, with lease rate increases to $8,000 in 2026. The rear office area is rented to a massage therapist for $300 per month; the seller reserves the right to give the lessee 60 days' notice to vacate. The property size is 17691 square feet. The gym equipment is available for purchase from the seller at half price with an acceptable offer on the building and vacant lots. Three lots in the rear that front at 1909 & 1911 Grand could be purchased separately.
Property Profile
Location Intelligence
Current Use by Public Records
Fitness centers & gyms
Similar Places Nearby
- Nelson Hagnauer Sports Complex — granite city, il 62040
- William Red Schmitt Wrestling Center — 3101 missouri ave, granite city, il 62040
- Granite City High School Memorial Gymnasium — Granite City, IL 62040
- Granite City Park Pool — 2900 Benton St, Granite City, IL 62040
Location Insight
- Map
- Local Demand
- City
- Granite City
- County
- Madison
- State
- Illinois
- Longitude
- -90.148933
- Latitude
- 38.700205
Nearby Similar for Sale
FAQs
What type of property is this?
Fitness center & gym - Multi-use facility in downtown Granite City with income potential.
Where is this fitness center & gym located?
The property is located at 1908 State Street Granite City, IL.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Multi‑use facility in downtown Granite City, offering diverse income potential.; Existing gym (Tank Training) provides immediate business opportunity; equipment available at half price with acceptable offer.; Leased upstairs unit generates $7,000 annual income, increasing to $8,000 in 2026, with lease extending to 2027.
