Storefront with Curbless
For Sale
$625,000
5401 N Illinois Street, Fairview Heights, IL 62208
Built in 1972, the commercial space includes parking and a level entrance.
Property Size2,400 SF
Price / SF$260.42
Days on Market59
Property Features for 5401 N Illinois Street
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
20
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,872
Building Details
Building Size
2,400 SF
Year Built
1972
Buildings
1
Stories
1
Listing Agency:
Worth Clark Realty
(800) 991-6092
Listed By:
Eric Guempel · License #475180838
(636) 544-9543
Source:
Flowershomerealty
Added: Aug 28
Changed: Oct 23
Last Checked: Oct 23 at 1:27PM
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 Worth Clark Realty
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Investment Insights
Based on property information with market context.
This 2,400-square-foot storefront at 5401 N Illinois Street in Fairview Heights includes a curbless entrance and a flat parking area. The building dates to 1972.
Key Highlights
- 2,400 square feet of storefront space
- Built in 1972
- Curbless entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,980
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,600
$479.6K
Cap Rate 7%
$342,571
$342.6K
Cap Rate 9%
$266,444
$266.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$37.4K $15.60/SF
− Vacancy
−$3.2K −$1.33/SF
EGI
$34.3K $14.27/SF
− OpEx
−$10.3K −$4.28/SF
NOI
$24.0K $9.99/SF
Area
St. Clair County, IL
Vacancy
8.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,600
Cap Rate 7%
$342,571
Cap Rate 9%
$266,444
Alternative Uses
Best Use
Retail
$342.6K
$299.8K – $399.7K
NOI $23,980 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$568.2K
$497.2K – $662.9K
NOI $39,772 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Well-served
Demand for This Use
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Built in 1972, the commercial space includes parking and a level entrance.
Where is this storefront property located?
The property is located at 5401 N Illinois Street Fairview Heights, IL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,400 square feet of storefront space; Built in 1972; Curbless entrance
