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    2401 Mississippi Ave Sauget, IL 62201

    Sponsored
    For Lease
    $6 SF/Yr ($15,000 /Mo)

    Prime Industrial Space Available

    Lot size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 30,000-square-foot warehouse, built in 1972 and renovated in 2015, offers 15,000 square feet of immediately available space. Boasting 28-foot ceilings and 10 parking spaces, the property is strategically located at the corner of Mississippi Ave. (IL Route 3) & Monsanto Ave., less than a mile from I-55, I-70, and I-64. On-site TRRA & CPKC rail terminals provide excellent intermodal and transloading capabilities, including 4,580 linear feet of track and three active transloading stations. Three above-ground storage tanks are available for bulk liquid storage. The property also benefits from proximity to SCF Marine & Watco barge access (less than one mile) and the St. Louis Downtown Airport (2.3 miles). The site encompasses approximately 35.12 acres and includes certified truck scales. Outdoor storage is permitted. Zoned D-2, this heavy industrial space presents a unique opportunity for businesses requiring robust transportation infrastructure. The property features a total of approximately 91,558 square feet of warehouse space across multiple buildings. Internal rail car switching services are available.

    Property Features for 2401 Mississippi Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,000 SF
    Total Rate
    15000

    Building Details

    Year Built/Renovated
    1972/2015

    Unit(s) available at that property

    Space
    Size
    15,000 SF
    Rate per SF
    $6
    Space
    Available Space 2
    Size
    43,858 SF
    Rate per SF
    $6

    HighLights

    • 15,000 SF of warehouse space available for lease in a multi‑tenant building.
    • 30,000 total building square feet, with 15,000 square feet currently vacant.
    • Built in 1972, renovated in 2015, featuring 28' ceiling heights.
    • Property includes 10 parking spaces and is zoned D‑2.
    • Excellent intermodal location with rail access via CPKC & Terminal Railroad, offering 4,580 linear feet of track and three active transloading stations.
    • Prime location at the corner of Mississippi Ave. (IL Route 3) & Monsanto Ave., less than a mile from I‑55, I‑70, and I‑64, and less than a mile from SCF Marine & Watco barge access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Route 3 Fuel ... Gas Station Eagle Industrial Park Storage Facility Bitcoin Depot ATM Atm Jiva Resources, Inc. Recycling Center Bitcoin Depot | Bitcoin ... Atm

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Department Store Kitchen & Bath Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sauget
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.1718278
    Latitude
    38.6021322

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Distribution property - Prime Industrial Space Available
    Where is this distribution property located?
    The property is located at 2401 Mississippi Ave Sauget, IL.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 15,000 SF of warehouse space available for lease in a multi-tenant building.; 30,000 total building square feet, with 15,000 square feet currently vacant.; Built in 1972, renovated in 2015, featuring 28' ceiling heights.
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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
    2401 Mississippi Ave Sauget, IL 62201
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