3315 Mississippi Ave, Cahokia Heights, IL 62206
This exceptional commercial property, located at 3315 Mississippi Avenue in Cahokia Heights, Illinois, presents a unique investment opportunity. The single-story, 15,225 square foot building, constructed in 1983 and extensively renovated in 2023, offers a variety of flexible office spaces. Currently classified as Class C, the property features six suites, with a minimum divisible space of 1,570 square feet and a maximum contiguous space of 4,500 square feet. A significant 8,770 square feet is currently vacant, providing ample opportunity for expansion or lease to multiple tenants. The building boasts a 9-foot ceiling height and ample parking with 40 spaces available. The property is zoned B-2, Commercial Business, and its APN is 01-35.0-102-003/006. Situated on a high-traffic area of Route 3 (Mississippi Ave), with an average daily traffic count of 20,100, this location offers excellent visibility and accessibility. The property's existing tenants include a diverse mix of businesses, creating a vibrant and established commercial environment. Its proximity to St. Louis, Missouri provides convenient access to a major metropolitan area. This is an ideal opportunity for businesses seeking high-visibility office space in a thriving commercial district. The property is suitable for a variety of uses, including executive offices and general office spaces.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.