3315 Mississippi Ave, Cahokia Heights, IL 62206
This exceptional investment opportunity presents a fully occupied, six-bay retail center located at 3315-3323 Mississippi Ave, Cahokia Heights, IL 62206. The property, known as Sasak Plaza, boasts a total square footage ranging from 1,570 to 4,500 square feet, spread across a single building constructed in 1983 and extensively renovated in 2023. The property enjoys a prime location on Route 3, a high-traffic area with an average daily traffic count of 20,000 vehicles, providing excellent visibility and accessibility. Its proximity to St. Louis, MO, and easy access to Interstates 55/40/64 (less than one mile away) further enhance its strategic value. Recent upgrades include a new roof (2022), resealed and restriped parking lot (2022), new common area LED lighting (2021), a new HVAC system in unit 3317B (2021), and new HVAC and ductwork in unit 3319 (2022). The property is zoned B-2 and features 100% occupancy, making it an attractive investment with strong potential for future growth. The APN is 01-35.0-102-003. Asking price is $1,200,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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