404 Bethalto Rd Bethalto, IL 62010
- Office Properties & Spaces
- 2,680 SF
- 0.30 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 404 Bethalto Rd
- Year built
- 1986
- Lot size
- 0.30 lot acres
- Property size
- 2,680 SF
- Property type
- Office Properties & Spaces
Description
This 2,680 square foot executive office building in Bethalto, Illinois, presents a compelling investment opportunity. Currently leased to OSF Medical Group until August 25th, 2025, the property boasts a strong 6.60% cap rate and a net operating income (NOI) of $26,128.82. Built in 1986 and renovated in 2003, the brick building features a reception area, nurse station, lab area, and five exam rooms, making it ideal for medical practices or similar professional uses. Additional amenities include a breakroom, two private offices, and a partial basement with a bathroom. The property sits on a 0.3-acre lot and includes 15 parking spaces, providing ample convenience for staff and clients. Its strategic location just off I-255 in Bethalto, Illinois (zip code 62010), ensures high visibility and accessibility, with an average daily traffic count of 10,350 vehicles. The property is zoned GC and has a parcel number of 19-2-08-12-11-201-038. The asking price is $398,000, representing a price per square foot of $148.51. This turnkey operation offers a solid return on investment with potential for future growth. The building's heating and cooling systems ensure year-round comfort.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bethalto
- County
- Madison
- State
- Illinois
- Longitude
- -90.0476
- Latitude
- 38.9014
