5403 Illinois St Fairview Heights, IL 62208
- Office Properties & Spaces
- 1,716 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 5403 Illinois St
- Year built
- 1949
- Property size
- 1,716 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a 1,716 square foot, single-story Class C office building situated on Route 159 in Fairview Heights, Illinois. The property, built in 1949 and remodeled in 2019, features two units totaling 1,716 square feet and is zoned B-2. Currently, one tenant occupies 900 square feet, paying $1,400 per month. The building boasts three offices, a reception area, and a break room within the available 816 square feet. With a high traffic count of 27,000 ADT, this location offers excellent visibility and signage opportunities on Route 159 (N Illinois St). The asking price is $260,000, representing a 9% capitalization rate if fully leased. This property is a multi-tenant building with a gross lease type. The property's address is 5403 N Illinois St, Fairview Heights, IL 62208, and its APN is 03-33.0-207-031. This is a prime opportunity for investors seeking a strong return in a high-traffic area. The property is located in St. Clair County.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fairview Heights
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.9852
- Latitude
- 38.582
