Vacant Office
For Sale
$225,000
5105 N Illinois Street A, Fairview Heights, IL 62208
Vacant office property with route frontage near medical facilities, retailers, restaurants, and hospitality services.
Property Size1,257 SF
Lot Size0.60 Acres
Price / SF$178
Days on Market79
Property Features for 5105 N Illinois Street A
General Information
Standard status
Active
Size
1,257 SF
Lot size
0.60 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1941
Buildings
1
Building Size
1,257 SF
Owner Occupied
No
Listing Agency:
Coldwell Banker Brown Realtors
Listed By:
Abid Ali · License #475.181487
(618) 791-8251
Source:
Avenuerealtyteam
Added: Jul 28
Changed: Oct 8
Last Checked: Oct 6 at 12:08AM
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 Coldwell Banker Brown Realtors
Investment Insights
Based on property information with market context.
This office building offers 1,257 SF of space on a 0.60-acre site and is currently vacant. Built in 1941, the property provides an existing office improvement for an owner-user or commercial repositioning plan, subject to applicable approvals.
The site fronts North Illinois Street, also identified as IL Rte. 159, with 146 feet of frontage. Traffic exposure is supported by reported daily vehicle volume of 27,200. The property is positioned near medical facilities, major retailers, restaurants, and hospitality businesses, creating a commercial setting with multiple established service and activity nodes nearby.
The site fronts North Illinois Street, also identified as IL Rte. 159, with 146 feet of frontage. Traffic exposure is supported by reported daily vehicle volume of 27,200. The property is positioned near medical facilities, major retailers, restaurants, and hospitality businesses, creating a commercial setting with multiple established service and activity nodes nearby.
Key Highlights
- 1,257 SF office building on a 0.60‑acre lot
- Currently vacant and available for a new occupant or ownership strategy
- 146' of frontage on North Illinois Street (IL Rte. 159)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,571
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,420
$291.4K
Cap Rate 7%
$208,157
$208.2K
Cap Rate 9%
$161,900
$161.9K
Market Conditions
NOI Build-Up for 1,257 SF
Gross rent
$24.1K $19.20/SF
− Vacancy
−$4.7K −$3.74/SF
EGI
$19.4K $15.46/SF
− OpEx
−$4.9K −$3.86/SF
NOI
$14.6K $11.59/SF
Area
St. Clair County, IL
Vacancy
19.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,420
Cap Rate 7%
$208,157
Cap Rate 9%
$161,900
Alternative Uses
Best Use
Office B
$208.2K
$182.1K – $242.9K
NOI $14,571 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$297.6K
$260.4K – $347.2K
NOI $20,830 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Vacant office property with route frontage near medical facilities, retailers, restaurants, and hospitality services.
Where is this office building located?
The property is located at 5105 N Illinois Street A Fairview Heights, IL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,257 SF office building on a 0.60‑acre lot; Currently vacant and available for a new occupant or ownership strategy; 146' of frontage on North Illinois Street (IL Rte. 159)
