Neighborhood Retail Center
For Sale
Contact for pricing
Pending
3551 Nameoki Rd, Granite City, IL 62040
Value-add neighborhood retail center built in 2005 with 70.4% occupancy and multiple in-line and outparcel tenants.
Property Size155,422 SF
Lot Size16.45 Acres
Days on Market144
Property Features for 3551 Nameoki Rd
General Information
Standard status
Pending
Size
155,422 SF
Lot size
16.45 Acres
Property subtype
Retail
Occupancy
70%
Site & Location
Traffic Count
29,000 vehicles/day
Road Access
Yes
Building Details
Year Built
2005
Tenancy
Multi
Listing Agency:
CBRE - Saint Louis
Listed By:
Chase Young · License #MO 2007-033328
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 31 at 3:30AM
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 CBRE - Saint Louis
Investment Insights
Based on property information with market context.
Nameoki Commons is a 155,422-square-foot neighborhood retail center built in 2005 and situated on 16.45 acres in Granite City, IL. The offering is currently 70.4% occupied and includes vacant space that an investor may be able to lease up, while maintaining income supported by a tenant base that includes in-line tenants and outparcels leased to national retailers.
The center is positioned along Nameoki Rd, identified in the materials as the primary thoroughfare carrying 29,000+ vehicles per day. Access is described as having four points of entry, including one fully signalized intersection, supporting visibility and convenient ingress/egress.
The property includes two absolute net leases to national operators and two smaller-format strip centers leased to national retailers, with additional outparcel opportunities referenced in the offering materials. The weighted average lease term is provided as 6.14 years by GLA and 5 years by revenue.
The center is positioned along Nameoki Rd, identified in the materials as the primary thoroughfare carrying 29,000+ vehicles per day. Access is described as having four points of entry, including one fully signalized intersection, supporting visibility and convenient ingress/egress.
The property includes two absolute net leases to national operators and two smaller-format strip centers leased to national retailers, with additional outparcel opportunities referenced in the offering materials. The weighted average lease term is provided as 6.14 years by GLA and 5 years by revenue.
Key Highlights
- 155,422 SF neighborhood retail center built in 2005 on 16.45 acres in Granite City, IL (St. Louis, MO MSA).
- 70.4% occupied with lease‑up potential of 44,456 SF of vacant space (includes 28,868 SF excluding 15,588 SF dark anchor space).
- Investment upside projected: leasing up 28,868 SF could increase total revenue by $506,000, a 30% increase over current Year‑1 revenue.
Property Analytics
Current Use
Lease Details
29,000 VPD
Traffic count
70.4%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
217k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 35%
Home Improvements & Furnishings 5%
Groceries 4%
Ollie's Bargain Outlet
Shops & Services
24,909 visits/mo
0.2 miles
McDonald's
Dining
23,781 visits/mo
0.2 miles
Dollar Tree
Shops & Services
15,256 visits/mo
0.2 miles
Jack in the Box
Dining
14,178 visits/mo
0.1 miles
Lee's Famous Recipe Chicken
Dining
10,751 visits/mo
0.0 miles
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 Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- IdentoGo (TSAPre) — 3403 nameoki rd, granite city, il 62040
- Nameoki Shopping Center LP — 3405 Nameoki Rd, Granite City, IL 62040
- Laser Spa — 3701 Nameoki Rd, Granite City, IL 62040
- Coinstar Kiosk | Bitcoin ATM — Kroger - Jay C Food Store, 3801 Nameoki Rd Ste 22, Granite City, IL 62040
Frequently Asked Questions
What type of property is this?
Shopping center - Value-add neighborhood retail center built in 2005 with 70.4% occupancy and multiple in-line and outparcel tenants.
Where is this shopping center located?
The property is located at 3551 Nameoki Rd Granite City, IL.
What are key features of this property?
This property features: 155,422 SF neighborhood retail center built in 2005 on 16.45 acres in Granite City, IL (St. Louis, MO MSA).; 70.4% occupied with lease‑up potential of 44,456 SF of vacant space (includes 28,868 SF excluding 15,588 SF dark anchor space).; Investment upside projected: leasing up 28,868 SF could increase total revenue by $506,000, a 30% increase over current Year‑1 revenue.
