Building Details

Year Built 1972

Listing Agency: Barber Murphy

Listed By: Cole Hensel · License #IL 475.203645 Show Phone

Source: Crexi

Added: Aug 29, 2024 Changed: Oct 5 Last Checked: Oct 16 at 7:34AM

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 Barber Murphy

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This property is an intermodal and transloading site featuring two active rail spurs served by CPKC and Terminal Railroad, totaling 4,580 linear track feet. It includes three active transloading stations served by CPKC rail lines, along with three above-ground storage tanks for bulk liquid storage. The site comprises approximately 91,558 square feet of total warehouse space on approximately 35.12 acres. Zoned for Heavy Industrial use, the property offers access to Barge (SCF Marine & Watco) and is located less than 1 mile from I-55, I-64, I-44, and I-70. Internal rail car switching services are available. The site also features certified truck scales and allows for outdoor storage. Contact Broker for Transloading Proposals.

Key Highlights

• Excellent intermodal & transloading site with (2) active rail spurs served by CPKC & Terminal Railroad totaling 4,580 linear track feet.
• (3) active transloading stations** served by CPKC rail lines with (3) above ground storage tanks for bulk liquid storage.
• Total of +-91,558 total SF warehouse space on a total of +-35.12 acres.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$588,698

Cap Rate

8.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$11,773,960 $11.8M

Cap Rate 7%

$8,409,971 $8.4M

Cap Rate 9%

$6,541,089 $6.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 91,558 SF

Gross rent

$889.9K $9.72/SF

− Vacancy

−$48.9K −$0.53/SF

EGI

$841.0K $9.19/SF

− OpEx

−$252.3K −$2.76/SF

NOI

$588.7K $6.43/SF

Area

St. Clair County, IL

Vacancy

5.50%

Lease Rate

$9.72 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$11,773,960

Cap Rate 7%

$8,409,971

Cap Rate 9%

$6,541,089

Alternative Uses

Best Use

Warehouse

$10.21M

$8.94M – $11.91M (±1% cap)

NOI $714,847 @ 7.0% cap · market cap 10.21%

Second Best

Industrial

$8.41M

$7.36M – $9.81M (±1% cap)

NOI $588,698 @ 7.0% cap · market cap 8.41%

Theoretical Best

Office A

$21.68M

$18.97M – $25.29M (±1% cap)

NOI $1,517,255 @ 7.0% cap · market cap 21.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

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

Top Pick Building Supply Parking Lot & Garage Restaurant Grocery & Convenience Store Kitchen & Bath Showroom Big Box & Wholesale 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

66

Businesses Nearby

Explore this area Business Placement

Demographics for 62201, IL

5,125

Population

2,866

Households

1.8

Avg Household Size

31

Median Age

11%

College-Educated

63%

High-School Grad

12.0 sq mi

ZIP Area

427

Density / Sq Mi

$21,658

Median Household Income

$26,184

Median Earnings

$350

Median Rent

$56,100

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

See more

Flex Space with Warehouse Area

680 N 20th Street, East St Louis, IL 62205

$125,000

1.33 Acres

View details

Crane-Served Industrial Facility

2701 Converse Avenue, East St Louis, IL 62207

Contact for pricing

90,000 SF

View details

Specialty Property

7621 State Street, East St Louis, IL 62203

$125,000

View details

Day Care Center with Classrooms

1004 Gaty Avenue, East St Louis, IL 62201

Contact for pricing

11,200 SF

View details

Two-Home Multifamily Property

443 Chaudet Ave, East St Louis, IL 62206

$50,000

1,690 SF

View details

Duplex with Full Basement

1628 Gaty Ave, East St Louis, IL 62205

Contact for pricing

1,760 SF

View details

Operating Bar and Restaurant

3800 Saint Clair Avenue, East St Louis, IL 62205

$300,000

0.12 Acres

View details

Storefront Property with Full Kitchen

4815 Bunkum Road, East St Louis, IL 62204

$185,000

0.20 Acres

View details

BBQ Restaurant Property

1475 St Louis Avenue, East St Louis, IL 62201

$90,000

0.17 Acres

View details

Frequently Asked Questions

What type of property is this?

Truck terminal - Active rail spurs and warehouse space on 35.12 acres.

Where is this truck terminal located?

The property is located at 2401 Mississippi Ave East St Louis, IL.

What is the asking price?

The asking price for this property is $7,000,000.

What are key features of this property?

This property features: Excellent intermodal & transloading site with **(2) active rail spurs** served by CPKC & Terminal Railroad totaling 4,580 linear track feet.; (3) active transloading stations** served by CPKC rail lines with (3) above ground storage tanks for bulk liquid storage.; Total of +-91,558 total SF warehouse space on a total of +-35.12 acres.