Intermodal & Transloading Site For
For Sale
Contact for pricing
2401 Mississippi Ave, East St Louis, IL 62201
Active rail spurs and warehouse space on 35.12 acres.
Property Size91,558 SF
Lot Size35.12 Acres
Price / SF$76.45
Days on Market734
Property Features for 2401 Mississippi Ave
General Information
Standard status
Active
Size
91,558 SF
Lot size
35.12 Acres
Property subtype
Industrial
Zoning
D-2 Heavy Industrial
Building Details
Year Built
1972
Listing Agency:
Barbermurphy Group
(618) 277-4400
Listed By:
Steve Zuber- SIOR, CCIM · License #IL 475.115449
Source:
Crexi
Added: Aug 29, 2024
Changed: Aug 8
Last Checked: Aug 30 at 5:59PM
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 Barbermurphy Group
Investment Insights
Based on property information with market context.
This property is an intermodal and transloading site featuring two active rail spurs served by CPKC and Terminal Railroad, totaling 4,580 linear track feet. It includes three active transloading stations served by CPKC rail lines, along with three above-ground storage tanks for bulk liquid storage. The site comprises approximately 91,558 square feet of total warehouse space on approximately 35.12 acres. Zoned for Heavy Industrial use, the property offers access to Barge (SCF Marine & Watco) and is located less than 1 mile from I-55, I-64, I-44, and I-70. Internal rail car switching services are available. The site also features certified truck scales and allows for outdoor storage. Contact Broker for Transloading Proposals.
Key Highlights
- Excellent intermodal & transloading site with (2) active rail spurs served by CPKC & Terminal Railroad totaling 4,580 linear track feet.
- (3) active transloading stations** served by CPKC rail lines with (3) above ground storage tanks for bulk liquid storage.
- Total of +-91,558 total SF warehouse space on a total of +-35.12 acres.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$588,698
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,773,960
$11.8M
Cap Rate 7%
$8,409,971
$8.4M
Cap Rate 9%
$6,541,089
$6.5M
Market Conditions
NOI Build-Up for 91,558 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$889.9K $9.72/SF
− Vacancy
−$48.9K −$0.53/SF
EGI
$841.0K $9.19/SF
− OpEx
−$252.3K −$2.76/SF
NOI
$588.7K $6.43/SF
Area
St. Clair County, IL
Vacancy
5.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,773,960
Cap Rate 7%
$8,409,971
Cap Rate 9%
$6,541,089
Alternative Uses
Best Use
Warehouse
$10.21M
$8.94M – $11.91M
NOI $714,847 @ 7.0% cap · market cap 10.21%
Second Best
Industrial
$8.41M
$7.36M – $9.81M
NOI $588,698 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$21.68M
$18.97M – $25.29M
NOI $1,517,255 @ 7.0% cap · market cap 21.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 62201, IL
5,125
Population
2,866
Households
1.8
Avg Household Size
31
Median Age
11%
College-Educated
63%
High-School Grad
12.0 sq mi
ZIP Area
427
Density / Sq Mi
$21,658
Median Household Income
$26,184
Median Earnings
$350
Median Rent
$56,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Truck terminal - Active rail spurs and warehouse space on 35.12 acres.
Where is this truck terminal located?
The property is located at 2401 Mississippi Ave East St Louis, IL.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Excellent intermodal & transloading site with **(2) active rail spurs** served by CPKC & Terminal Railroad totaling 4,580 linear track feet.; (3) active transloading stations** served by CPKC rail lines with (3) above ground storage tanks for bulk liquid storage.; Total of +-91,558 total SF warehouse space on a total of +-35.12 acres.
