9510 St Clair Ave Fairview Heights, IL 62208
This exceptional 37,000 square foot industrial warehouse, located at 9510 St. Clair Ave in Fairview Heights, Illinois, presents a compelling investment opportunity. The property, classified as Class C, sits on a 2.9-acre lot and boasts a desirable location at the corner of IL Route 161 and St. Clair Ave, offering convenient access to I-64 and I-255, and proximity to downtown St. Louis (approximately 10 minutes away). The building features a two-story design, with 8,000 square feet of office space distributed across both floors and 29,000 square feet of warehouse space. The warehouse itself is a steel-frame metal structure with a clear height ranging from 14 to 20 feet, a clear span design, and is insulated and heated. Key features include five 14' x 14' overhead doors, one interior dock-high door, two 1-2 ton monorail cranes, and compressed air lines. Currently, a portion of the warehouse (10,000 square feet) is leased to Peerless Furniture under a NNN lease expiring October 1, 2024. The property is zoned B-4-Fairview Heights and is offered at $1,250,000, translating to $33.78 per square foot. This multi-tenant property offers a blend of office and warehouse space, making it suitable for a variety of uses. The building was renovated in 1990. The APN is 02-25.0-201-040
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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Risks
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