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    OFF-MARKET
    Lifestyle centers

    3315 Mississippi Ave, Cahokia Heights, IL 62206

    1,570 SF Built 1983
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Lifestyle centers
    Year built 1983
    Total area 1,570 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • SmarterHome.ai - Compare Local Internet Deals Telecommunications Service Data Center
    • UPS Access Point location Courier Service Postal Service
    • Cahokia Motors Car Dealership Car Wash
    • Low Cost Ignition Interlock Building Supply General Contractor
    • Abc Wireless Mobile Phone Store Electronics & Wireless Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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