Building Details

Year Built 1983

Year Renovated 2023

Buildings 1

Tenancy Multi

Listing Agency: Barbermurphy Group j***@barbermurphy.com Show Phone

Listed By: John Eichenlaub · License #IL 471004100

Source: Crexi

Added: Jun 20, 2023 Changed: Aug 8 Last Checked: Aug 19 at 6:55AM

Report an Issue

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 Group

Investment Insights

Based on property information with market context.

This is an investment opportunity to acquire Sasak Plaza, a fully occupied retail center. The property features a six-bay retail configuration. Recent upgrades include a new roof installed in 2022, parking lot sealing and striping completed in 2022, and new common area LED lighting installed in 2021. Unit 3317B received a new HVAC system in 2021, while Unit 3319 had a new HVAC system and duct work installed in 2022.

Key Highlights

• Fully Occupied Retail Center: Provides immediate income stream.
• Recent Upgrades: New roof and parking lot (2022), and LED lighting (2021).
• 6 Bay Retail Center: Offers diversified income potential.

Property Analytics

Property Profile

Current Use

SmarterHome.ai - Compare Local ... Telecommunications Service UPS Access Point ... Courier Service Cahokia Motors Car Dealership Low Cost Ignition ... Building Supply Abc Wireless Mobile Phone Store

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Auto Parts Store Real Estate Agency Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

116

Businesses Nearby

9k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

MotoMart Shops & Services

6,709 visits/mo 0.2 miles

Pawn King Shops & Services

2,236 visits/mo 0.2 miles

Demographics for 62206, IL

12,929

Population

6,586

Households

2

Avg Household Size

34

Median Age

12%

College-Educated

86%

High-School Grad

14.5 sq mi

ZIP Area

892

Density / Sq Mi

$39,520

Median Household Income

$27,611

Median Earnings

$1,021

Median Rent

$57,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this shopping centers located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Shopping center - Six-bay retail center with recent upgrades and full occupancy.

Where is this shopping center located?

The property is located at 3315 Mississippi Ave East Saint Louis, 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: Fully Occupied Retail Center: Provides immediate income stream.; Recent Upgrades: New roof and parking lot (2022), and LED lighting (2021).; 6 Bay Retail Center: Offers diversified income potential.