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    3315 Mississippi Ave Cahokia Heights, IL 62206

    For Sale
    $1,200,000

    Fully occupied, high-traffic retail center.

    Property size:
    1,570 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a fully occupied, six-bay retail center located at 3315-3323 Mississippi Ave, Cahokia Heights, IL 62206. The property, known as Sasak Plaza, boasts a total square footage ranging from 1,570 to 4,500 square feet, spread across a single building constructed in 1983 and extensively renovated in 2023. The property enjoys a prime location on Route 3, a high-traffic area with an average daily traffic count of 20,000 vehicles, providing excellent visibility and accessibility. Its proximity to St. Louis, MO, and easy access to Interstates 55/40/64 (less than one mile away) further enhance its strategic value. Recent upgrades include a new roof (2022), resealed and restriped parking lot (2022), new common area LED lighting (2021), a new HVAC system in unit 3317B (2021), and new HVAC and ductwork in unit 3319 (2022). The property is zoned B-2 and features 100% occupancy, making it an attractive investment with strong potential for future growth. The APN is 01-35.0-102-003. Asking price is $1,200,000.

    Property Features for 3315 Mississippi Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    1,570 SF

    Building Details

    Year Built/Renovated
    1983/2023
    Buildings
    1

    HighLights

    • High‑traffic, high‑visibility location on Rt 3 with 20,000 ADT.
    • Excellent access to St. Louis, MO, offering convenient access to a major metropolitan area.
    • Less than one mile from Interstates 55/40/64.
    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

    Nearby Comparable

    • $65,000
      0.52 Acres

      Cahokia Commercial Land - $65K

      0.52-acre lot, B-2 zoning, high traffic.
      3321 Mississippi Ave, Cahokia, IL 62206
      View Details
    • New
      $528,000
      0.70 Acres

      Cahokia Multifamily Investment Opportunity

      Eleven-unit multifamily property in Cahokia Heights with immediate cash flow.
      3503 Falling Springs Rd, East Saint Louis, IL 62206
      View Details
    • $180,000
      1,440 SF

      Cahokia Multifamily Property for Sale

      Multifamily property in Cahokia, Illinois, totaling 1,440 square feet.
      3600 Falling Springs Rd, East Saint Louis, IL 62206
      View Details
    • $147,000
      1,776 SF

      Cahokia Heights Car Wash Business

      Four-bay self-serve car wash with refurbished equipment and new asphalt.
      104 Jerome Ln, Cahokia, IL 62260
      View Details
    • $225,000
      4,704 SF

      Office/Warehouse with Rocked Yard

      4,704 SF office/warehouse with convenient highway access.
      3942 Mississippi Ave, East Saint Louis, IL 62206
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Fully occupied, high-traffic retail center.
    Where is this lifestyle center located?
    The property is located at 3315 Mississippi Ave Cahokia Heights, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: High-traffic, high-visibility location on Rt 3 with 20,000 ADT.; Excellent access to St. Louis, MO, offering convenient access to a major metropolitan area.; Less than one mile from Interstates 55/40/64.
    Request Owner's contact information
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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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