Medical Center with Long-Term
5 Ludwig Dr, Fairview Heights, IL 62208
For Sale
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Single-tenant medical center at 5 Ludwig Dr with HSHS operating since 2013 and a roof replacement in 2020.
Property Size5,080 SF
Price / SF$243.90
Days on Market359
Property Features for 5 Ludwig Dr
General Information
Standard status
Size
Property subtype
Listing Agency:
Echo West Capital Advisors
(602) 628-6298
Listed By:
Jake Butterfield · License IL SA700127000
(208) 841-7310
Source:
Moodyscre
Added: Nov 21, 2025
Changed: Nov 13
Last Checked: Nov 12 at 9:18AM
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 Echo West Capital Advisors
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Investment Insights
Based on property information with market context.
This is a single-tenant medical center property at 5 Ludwig Dr in Fairview Heights, IL, currently leased to Hospital Sisters Health System (HSHS). HSHS Medical Group has operated at the site since 2013 and recently exercised its second five-year option, reflecting long-term commitment to the location. The property also includes 4% annual rent increases over the current term and option period.
HSHS is a nonprofit healthcare provider with an “A+” credit rating from both S&P and Fitch, operating 15 hospitals across Illinois and Wisconsin and an integrated network of nearly 2,300 physicians. Clinical services highlighted for HSHS Medical Group include heart and vascular, hospice, mammogram, and home health.
In August 2020, a new roof was installed along with brand-new gutters and soffits. Additional improvements are underway, including clearing underbrush and trees around the property line, with new parking lot and building lighting planned.
HSHS is a nonprofit healthcare provider with an “A+” credit rating from both S&P and Fitch, operating 15 hospitals across Illinois and Wisconsin and an integrated network of nearly 2,300 physicians. Clinical services highlighted for HSHS Medical Group include heart and vascular, hospice, mammogram, and home health.
In August 2020, a new roof was installed along with brand-new gutters and soffits. Additional improvements are underway, including clearing underbrush and trees around the property line, with new parking lot and building lighting planned.
Key Highlights
- Single‑tenant medical center at 5 Ludwig Dr leased to Hospital Sisters Health System (HSHS)
- HSHS has operated at the location since 2013 and recently exercised its second five‑year option
- New roof installed in August 2020, with brand‑new gutters and soffits
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,906
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,198,120
$1.2M
Cap Rate 7%
$855,800
$855.8K
Cap Rate 9%
$665,622
$665.6K
Market Conditions
NOI Build-Up for 5,080 SF
Gross rent
$111.6K $21.96/SF
− Vacancy
−$11.7K −$2.31/SF
EGI
$99.8K $19.65/SF
− OpEx
−$39.9K −$7.86/SF
NOI
$59.9K $11.79/SF
Area
St. Clair County, IL
Vacancy
10.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,198,120
Cap Rate 7%
$855,800
Cap Rate 9%
$665,622
Alternative Uses
Best Use
Healthcare Medical
$855.8K
$748.8K – $998.4K
NOI $59,906 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,183 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
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Business Placement
Demographics for 62208, IL
16,992
Population
8,148
Households
2.1
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
13.4 sq mi
ZIP Area
1,268
Density / Sq Mi
$78,423
Median Household Income
$42,640
Median Earnings
$1,222
Median Rent
$167,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - Single-tenant medical center at 5 Ludwig Dr with HSHS operating since 2013 and a roof replacement in 2020.
Where is this medical center located?
The property is located at 5 Ludwig Dr Fairview Heights, IL.
What is the asking price?
The asking price for this property is $1,239,000.
What are key features of this property?
This property features: Single‑tenant medical center at 5 Ludwig Dr leased to Hospital Sisters Health System (HSHS); HSHS has operated at the location since 2013 and recently exercised its second five‑year option; New roof installed in August 2020, with brand‑new gutters and soffits
