Vacant Office Building with
5105 N Illinois Street Fairview Heights, IL 62208
5105 N Illinois Street, Fairview Heights, IL, 62208
$225,000
For Sale
$225,000
COMMERCIAL - Fairview Heights, IL
Property Size1,257 SF
Lot Size0.60 Acres
Price / SF$178
Days on Market56
Property Features for 5105 N Illinois Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Standard status
- Active
- APN
- 03-33.0-400-059
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CASEYVILLE TWP SEC 33 PT NE SE DOC A02689600
- Tax Annual Amount
- 4784
Utilities
- Utilities
- Water Available
- Heating system
- Forced Air
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1941
- Floors in Building
- 1
- Building materials
- Wood Siding
Listing agency
Coldwell Banker Brown Realtors
(618) 656-2278
Listed by
Abid Ali · License #475.181487
(618) 692-7290
Added: May 28 Updated: Jul 22 at 12:34PM Checked: Jul 22 at 5:06PM
MLS# 25076507
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This vacant office building offers approximately 1,257 SF of space on a 0.60-acre lot. The property is positioned for strong street visibility with 146' of frontage on North Illinois Street (IL Rte. 159), supporting easy identification from the roadway.
Situated at 5105 N Illinois Street in Fairview Heights, the site is described as being in a high-traffic area with approximately 27,200 vehicles per day. The listing also notes close proximity to medical facilities, major retailers, and a mix of restaurants and hospitality options, which can be useful for day-to-day client access.
The property is currently available and presented for sale as a standalone office building.
Situated at 5105 N Illinois Street in Fairview Heights, the site is described as being in a high-traffic area with approximately 27,200 vehicles per day. The listing also notes close proximity to medical facilities, major retailers, and a mix of restaurants and hospitality options, which can be useful for day-to-day client access.
The property is currently available and presented for sale as a standalone office building.
Key Highlights
- Office building with 1,257 SF on a 0.60‑acre lot
- Vacant office space ready for new occupancy
- 146' frontage on North Illinois Street (IL Rte. 159)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.1k | $19.20 |
| − Vacancy | −$4.7k | −$3.74 |
| EGI | $19.4k | $15.46 |
| − OpEx | −$4.9k | −$3.86 |
| NOI | $14.6k | $11.59 |
1,257 SF · lease $19.20/SF/yr · vacancy 19.50% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Vacant office building on 0.60 acres with 1,257 SF and 146' of frontage on IL Rte. 159.
Where is this office building located?
The property is located at 5105 N Illinois Street 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: Office building with 1,257 SF on a 0.60‑acre lot; Vacant office space ready for new occupancy; 146' frontage on North Illinois Street (IL Rte. 159)
