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Leased Office Building
For Sale
Contact for pricing
Pending

500 South Illinois Street, Millstadt, IL 62260

Office building with four fully leased units, one tenant occupying two, and tenants paying all utilities.

Days on Market111

Property Features for 500 South Illinois Street

General Information

Standard status Pending
Property subtype Office
Occupancy 100%

Additional Details

Office Units 4

Building Details

Tenancy Multi
Listing Agency: Century 21 Advantage Real Estate
Listed By: Ann Murray · License #IL
Source: Crexi
Added: Apr 11 Changed: Jul 23 Last Checked: Jul 30 at 3:45AM

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 Century 21 Advantage Real Estate

Investment Insights

Based on property information with market context.

This office building offers a rental configuration of four fully leased units, with one tenant occupying two units. The building is presented as an investment opportunity, and tenants are responsible for all utilities. Each unit can be shown with 24 hours notice.

The property is located at 500 South Illinois Street in Millstadt, Illinois. Public remarks describe the building as being in a busy location.

Prospective purchasers and tenants should note the current lease occupancy and utility responsibility structure, along with the straightforward viewing process with advance notice for unit access.

Key Highlights

  • Office building with 4 fully leased units
  • One tenant occupies two of the 4 units
  • Tenants pay all utilities

Property Analytics

Current Use

Millstadt Family Chiropractic ... Alternative Medicine Practice Steven Knoernschild, DC Alternative Medicine Practice Carol E's License ... Law Firm

Suggested Use

Top Pick Real Estate Agency HVAC Service Dental Office Electrical Service Law Firm Nail Salon

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

Lease Details

4
Office units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

213
Businesses Nearby

Demographics for 62260, IL

7,162
Population
2,863
Households
2.5
Avg Household Size
46
Median Age
31%
College-Educated
98%
High-School Grad
43.9 sq mi
ZIP Area
163
Density / Sq Mi
$93,929
Median Household Income
$52,766
Median Earnings
$1,000
Median Rent
$229,600
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?
Office units - Office building with four fully leased units, one tenant occupying two, and tenants paying all utilities.
Where is this office units located?
The property is located at 500 South Illinois Street Millstadt, IL.
What are key features of this property?
This property features: Office building with 4 fully leased units; One tenant occupies two of the 4 units; Tenants pay all utilities
More about this property
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