Leased Office Building
5403 N Illinois St, Fairview Heights, IL
For Sale
Contact for pricing
Fully leased office building in high-traffic Fairview Heights location.
Property Size1,716 SF
Lot Size0.31 Acres
Price / SF$151.52
Days on Market1453
Property Features for 5403 N Illinois St
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
BARBERMurphy
(618) 277-4400
Listed By:
John L Eichenlaub · License IL #471004100
(618) 570-8344
Source:
Moodyscre
Added: Nov 23, 2022
Changed: Oct 26
Last Checked: Nov 12 at 9:25AM
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 BARBERMurphy
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is an investment opportunity to acquire a fully leased office building located on North Illinois Street in Fairview Heights. The property is situated in a high-traffic, high-visibility location with an average daily traffic count of 27,000 vehicles. The building was remodeled in 2019. The property size is 1,716 square feet.
Key Highlights
- High CAP rate: 9%
- Fully leased office building
- High traffic/visibility location: 27,000 ADT
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,892
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,840
$397.8K
Cap Rate 7%
$284,171
$284.2K
Cap Rate 9%
$221,022
$221.0K
Market Conditions
NOI Build-Up for 1,716 SF
Gross rent
$32.9K $19.20/SF
− Vacancy
−$6.4K −$3.74/SF
EGI
$26.5K $15.46/SF
− OpEx
−$6.6K −$3.86/SF
NOI
$19.9K $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%
$397,840
Cap Rate 7%
$284,171
Cap Rate 9%
$221,022
Alternative Uses
Best Use
Office B
$284.2K
$248.7K – $331.5K
NOI $19,892 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$406.2K
$355.5K – $474.0K
NOI $28,437 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Office buildings in St. Clair County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Fully leased office building in high-traffic Fairview Heights location.
Where is this office building located?
The property is located at 5403 N Illinois St Fairview Heights, IL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: High CAP rate: 9%; Fully leased office building; High traffic/visibility location: 27,000 ADT
