Office Building with Street
For Sale
$225,000
A-5105 N Illinois St, Fairview Heights, IL 62232
Vacant office property positioned in a high-traffic area near medical, retail, restaurant, and hospitality uses.
Property Size1,257 SF
Lot Size0.60 Acres
Price / SF$178
Days on Market334
Property Features for A-5105 N Illinois St
General Information
Standard status
Active
Size
1,257 SF
Lot size
0.60 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,784
Building Details
Buildings
1
Building Size
1,257 SF
Listing Agency:
Coldwell Banker Brown Realtors
(618) 656-2278
Listed By:
Abid Ali · License #475.181487
(618) 791-8251
Source:
Exprealty
Added: Nov 14, 2025
Changed: Oct 2
Last Checked: Oct 13 at 12:23AM
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 Coldwell Banker Brown Realtors
Investment Insights
Based on property information with market context.
This vacant office building contains 1,257 SF on a 0.60-acre lot, providing a compact commercial footprint for an office user or owner-occupant. The property fronts North Illinois Street and benefits from direct exposure along IL Rte. 159.
Located in Fairview Heights, the site records 27,200 Vehicles Per Day and sits near medical facilities, major retailers, restaurants, and hospitality businesses. Its setting within a retail-center environment places the building among a range of established commercial uses.
Located in Fairview Heights, the site records 27,200 Vehicles Per Day and sits near medical facilities, major retailers, restaurants, and hospitality businesses. Its setting within a retail-center environment places the building among a range of established commercial uses.
Key Highlights
- 1, 257 SF office building on a 0.60 Acres Lot
- Currently vacant
- 146' of frontage on North Illinois Street (IL Rte. 159)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,571
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,420
$291.4K
Cap Rate 7%
$208,157
$208.2K
Cap Rate 9%
$161,900
$161.9K
Market Conditions
NOI Build-Up for 1,257 SF
Gross rent
$24.1K $19.20/SF
− Vacancy
−$4.7K −$3.74/SF
EGI
$19.4K $15.46/SF
− OpEx
−$4.9K −$3.86/SF
NOI
$14.6K $11.59/SF
Area
St. Clair County, IL
Vacancy
19.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,420
Cap Rate 7%
$208,157
Cap Rate 9%
$161,900
Alternative Uses
Best Use
Office B
$208.2K
$182.1K – $242.9K
NOI $14,571 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$297.6K
$260.4K – $347.2K
NOI $20,830 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Explore this area
Business Placement
Demographics for 62232, IL
7,547
Population
3,082
Households
2.4
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
12.8 sq mi
ZIP Area
590
Density / Sq Mi
$64,268
Median Household Income
$42,485
Median Earnings
$1,077
Median Rent
$114,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Vacant office property positioned in a high-traffic area near medical, retail, restaurant, and hospitality uses.
Where is this office building located?
The property is located at A-5105 N Illinois St Fairview Heights, IL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1, 257 SF office building on a 0.60 Acres Lot; Currently vacant; 146' of frontage on North Illinois Street (IL Rte. 159)
