Multi-Tenant Office
For Sale
Contact for pricing
140 S Locust St, Centralia, IL 62801
Two current occupants share a bank-oriented office property with drive-thru service and additional upper-floor leasing capacity.
Property SizeContact for details
Days on Market145
Property Features for 140 S Locust St
General Information
Standard status
Active
Property subtype
Retail, Office
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Greenstone Partners
(312) 234-0371
Listed By:
Jason St. John · License #IL 475142612
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 31 at 5:16AM
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 Greenstone Partners
Investment Insights
Based on property information with market context.
This fee-simple office property in downtown Centralia is leased to Regions Bank and Southern Illinois Case Coordination Services, a division of the Illinois Department of Human Services. The building includes a drive-thru component and accommodates two established occupants. Regions Bank carries an S&P rating of BBB+.
The property is positioned for access to Interstate 57 and Interstate 64 and is approximately 60 miles from St. Louis. Floors three, four, and five are identified as areas for future lease-up. The reported cash-on-cash return is 25.86%.
The property is positioned for access to Interstate 57 and Interstate 64 and is approximately 60 miles from St. Louis. Floors three, four, and five are identified as areas for future lease-up. The reported cash-on-cash return is 25.86%.
Key Highlights
- Fee‑simple office property leased to Regions Bank and Southern Illinois Case Coordination Services
- Two current tenants, including a division of the Illinois Department of Human Services
- Drive‑thru service included with the bank‑oriented property
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
Explore this area
Business Placement
Demographics for 62801, IL
20,502
Population
9,044
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
86%
High-School Grad
134.4 sq mi
ZIP Area
153
Density / Sq Mi
$53,740
Median Household Income
$36,109
Median Earnings
$785
Median Rent
$91,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Two current occupants share a bank-oriented office property with drive-thru service and additional upper-floor leasing capacity.
Where is this office building located?
The property is located at 140 S Locust St Centralia, IL.
What are key features of this property?
This property features: Fee‑simple office property leased to Regions Bank and Southern Illinois Case Coordination Services; Two current tenants, including a division of the Illinois Department of Human Services; Drive‑thru service included with the bank‑oriented property
