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    3315 Mississippi Ave Cahokia Heights, IL 62206

    Sponsored
    For Lease
    $11 SF/Yr ($14,400 /Mo)

    Cahokia Heights Office Suites - High Traffic Area

    Lot size:
    15,225 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, located at 3315 Mississippi Avenue in Cahokia Heights, Illinois, presents a unique investment opportunity. The single-story, 15,225 square foot building, constructed in 1983 and extensively renovated in 2023, offers a variety of flexible office spaces. Currently classified as Class C, the property features six suites, with a minimum divisible space of 1,570 square feet and a maximum contiguous space of 4,500 square feet. A significant 8,770 square feet is currently vacant, providing ample opportunity for expansion or lease to multiple tenants. The building boasts a 9-foot ceiling height and ample parking with 40 spaces available. The property is zoned B-2, Commercial Business, and its APN is 01-35.0-102-003/006. Situated on a high-traffic area of Route 3 (Mississippi Ave), with an average daily traffic count of 20,100, this location offers excellent visibility and accessibility. The property's existing tenants include a diverse mix of businesses, creating a vibrant and established commercial environment. Its proximity to St. Louis, Missouri provides convenient access to a major metropolitan area. This is an ideal opportunity for businesses seeking high-visibility office space in a thriving commercial district. The property is suitable for a variety of uses, including executive offices and general office spaces.

    Property Features for 3315 Mississippi Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,225 SF
    Class
    C
    Total Rate
    14400.31

    Building Details

    Year Built/Renovated
    1983/2023
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 3315
    Size
    2,850 SF
    Rate per SF
    $11
    Space
    Suite 3317A
    Size
    1,650 SF
    Rate per SF
    $11
    Space
    Suite 3319
    Size
    2,700 SF
    Rate per SF
    $11
    Space
    Suite 3321
    Size
    1,570 SF
    Rate per SF
    $11

    HighLights

    • 8,770 SF of commercial space available for lease in Sasak Plaza.
    • Last remaining bay available.
    Property Profile Location Intelligence

    Current Use by Public Records

    SmarterHome.ai - Compare Local ... Internet Service Provider UPS Access Point ... Shipping And Mailing Service Cahokia Motors Cars Low Cost Ignition ... Safety Equipment Supplier Abc Wireless Cell Phone Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cahokia Heights
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.1781988
    Latitude
    38.5854243

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    FAQs

    What type of property is this?
    Lifestyle center - Cahokia Heights Office Suites - High Traffic Area
    Where is this lifestyle center located?
    The property is located at 3315 Mississippi Ave Cahokia Heights, IL.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 8,770 SF of commercial space available for lease in Sasak Plaza.; Last remaining bay available.;
    Request Owner's contact information
    3315 Mississippi Ave Cahokia Heights, IL 62206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3315 Mississippi Ave Cahokia Heights, IL 62206
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