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    2511 State St East St. Louis, IL 62205

    Sponsored
    For Lease
    $14 SF/Yr

    Prime East St. Louis Retail Space

    Lot size:
    118,609 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 118,609 square foot retail center, situated on a 172,062 square foot lot in East St. Louis, Illinois, presents a unique investment opportunity. Built in 1989, this single-story property boasts a highly visible location just two blocks south of I-64, ensuring easy access via the interstate and two signalized intersections. The center currently features six available spaces ranging from 1,125 to 6,650 square feet, ideal for a variety of retail businesses. Benefit from the strong existing tenant mix, including national brands such as Sav-A-Lot, Rainbow, Family Dollar, DTLR, O'Reilly, Walgreens, Gen-X, and H&R Block. The property's prominent location within the East St. Louis trade area, serving a population exceeding 23,000 within a three-mile radius, guarantees high visibility and foot traffic. Further enhancing its appeal are recently renovated storefronts and excellent pylon signage. The property's APN numbers are 02200104044, 02170325035, 02200106033, and 02170324040. This is a prime opportunity to establish or expand your business in a thriving retail environment. The property is located at 2511 State St, East St Louis, IL 62205, within St. Clair County.

    Property Features for 2511 State St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    118,609 SF
    Total Rate
    138377.17

    Building Details

    Year Built
    1989
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 8
    Size
    6,650 SF
    Rate per SF
    $14
    Space
    Suite 14
    Size
    2,500 SF
    Rate per SF
    $14
    Space
    Suite 10
    Size
    6,650 SF
    Rate per SF
    $14
    Space
    Suite 9
    Size
    6,650 SF
    Rate per SF
    $14
    Space
    Suite 11
    Size
    6,650 SF
    Rate per SF
    $14
    Space
    Suite 16
    Size
    1,125 SF
    Rate per SF
    $14

    HighLights

    • Established dual‑grocer anchored shopping center.
    • National retail co‑tenancy includes Walgreens, Family Dollar, O'Reilly Auto Parts, Rainbow, and Save‑A‑Lot.
    • Excellent visibility at a signalized intersection on all four corners.
    • Pylon signage available.
    • Two blocks south of Interstate 64.
    • Tenant broker incentives available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Redbox Movie Rental Kiosk Gateway Market Supermarket

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    East St. Louis
    County
    St Clair
    State
    Illinois
    Longitude
    -90.126065654901
    Latitude
    38.617638530686

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    Nearby Similar for Lease

    • Contact for pricing
      13,200 SF

      Industrial Rail-Served Warehouse

      13,200 SF Warehouse, Rail Access, 8.33 Acres
      104 St. Clair Ave, East St. Louis, IL 62207
      View Details
    • $4 SF/Yr
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      East St. Louis Warehouse Space

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      View Details

    FAQs

    What type of property is this?
    Retail property - Prime East St. Louis Retail Space
    Where is this retail property located?
    The property is located at 2511 State St East St. Louis, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Established dual-grocer anchored shopping center.; National retail co-tenancy includes Walgreens, Family Dollar, O'Reilly Auto Parts, Rainbow, and Save-A-Lot.; Excellent visibility at a signalized intersection on all four corners.
    Request Owner's contact information
    2511 State St East St. Louis, IL 62205
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    East St. Louis, IL 62205
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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
    2511 State St East St. Louis, IL 62205
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