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Granite City Mixed-Use Portfolio
For Sale
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Pending

2122-2132 Pontoon Road, Granite City, IL 62040

Two-property portfolio in Granite City, Illinois, with retail and office spaces.

Property Size14,336 SF
Days on Market703

Property Features for 2122-2132 Pontoon Road

General Information

Standard status Pending
Size 14,336 SF
Class B
Property subtype Office
Zoning C-2

Building Details

Year Built 1988
Stories 2
Listing Agency: Manor Real Estate
Listed By: Eddie Cherry · License #2008027591
Source: Crexi
Added: Sep 8, 2024 Changed: Aug 9 Last Checked: Aug 10 at 3:43PM

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 Manor Real Estate

Investment Insights

Based on property information with market context.

This offering presents the opportunity to acquire a fee simple interest in a two-property portfolio located in Granite City, Illinois. The portfolio consists of Steel City Plaza and Green Professional Park. Steel City Plaza is a multi-tenant retail center with a total area of 15,600 square feet and an 84.6% occupancy rate. The tenant mix includes Imo’s Pizza, a nail salon, a laundromat, and a hair salon. Green Professional Park comprises four office buildings, each measuring approximately 3,584 square feet. Green Professional Park presents a value-add opportunity through lease-up of vacancy or sales of the individual buildings to end users. The properties are being offered solely as a package.

Key Highlights

  • Portfolio of two properties: Steel City Plaza (retail) and Green Professional Park (office)
  • Offered as a package for $2,150,000 with an attractive 8.6% CAP rate
  • Steel City Plaza is an established 15,600 square foot multi‑tenant retail center, currently 84.6% occupied with a diverse mix of 7 tenants including Imo’s Pizza

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Bakery Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

458
Businesses Nearby

Demographics for 62040, IL

40,872
Population
18,842
Households
2.2
Avg Household Size
41
Median Age
16%
College-Educated
89%
High-School Grad
39.9 sq mi
ZIP Area
1,024
Density / Sq Mi
$60,558
Median Household Income
$40,963
Median Earnings
$852
Median Rent
$106,600
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-property portfolio in Granite City, Illinois, with retail and office spaces.
Where is this mixed-use property located?
The property is located at 2122-2132 Pontoon Road Granite City, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Portfolio of two properties: Steel City Plaza (retail) and Green Professional Park (office); Offered as a package for $2,150,000 with an attractive 8.6% CAP rate; Steel City Plaza is an established 15,600 square foot multi‑tenant retail center, currently 84.6% occupied with a diverse mix of 7 tenants including Imo’s Pizza
(314) 647-6611 Call to check price and availability
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