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Property profile

515 Lincoln Hwy Fairview Heights, IL 62208

OFF-MARKET
Retail properties & Spaces
8,330 SF 0.58 ac lot Built 1986
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Property summary

AI-generated overview

This exceptional 1,500 square foot retail space is situated within a four-unit, 8,330 square foot building located at 515 Lincoln Highway in Fairview Heights, Illinois. The property, built in 1986 and extensively renovated in 2024, boasts a desirable storefront, in-line tenancy within a Class C building. The space is currently vacant and offers a mostly open layout with a private bathroom. The building enjoys a strong location directly in front of St. Clair Square Mall, ensuring high visibility and foot traffic along the busy Lincoln Highway. With ample parking (32 spaces) available for customers and tenants, this property presents a fantastic opportunity for a variety of retail businesses. The 0.58-acre lot is zoned commercial (APN: 03-27.0-100-062). The building is single-story, with no elevators. The overall building occupancy rate is currently 82%, indicating a strong tenant base. This space represents unit #5 within the building. This is a rare opportunity to establish a business in a high-traffic, well-maintained retail center.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1986
Total area 8,330 SF
Lot 0.58 ac (25,265 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Bank Credit Union
  • Consultant Insurance Broker
  • (Bike/Boat/Book/etc) Store
  • Hotel & Motel Resort

Location

515 Lincoln Hwy Fairview Heights, IL 62208
Fairview Heights metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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