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    FOR SALE
    Banks

    13 Collinsville Ave, East St Louis, IL 62201

    6,978 SF 0.22 ac lot Built 2007
    Entity Owned 20-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-2862977
    Property summary
    AI-generated overview

    This exceptional 6,978-square-foot retail property, located at 13 Collinsville Ave in East St. Louis, Illinois, presents a compelling investment opportunity. Built in 2007, the single-story building features a modern design and is situated on a 0.22-acre lot, offering ample parking and potential for expansion. Previously a credit union bank branch, the property boasts a convenient drive-thru, a secure vault, six private offices, and a conference room. Its strategic location adjacent to City Hall and the Police Department ensures high visibility and accessibility. Easy access to Highway 64 further enhances its appeal. The asking price is $2,000,000, translating to $286.62 per square foot. This versatile space is ideal for a variety of commercial ventures, offering a strong return on investment in the thriving East St. Louis market. The property's modern amenities and prime location make it an attractive option for businesses seeking a well-established and easily accessible space. The combination of its previous use as a financial institution and its convenient features makes this a truly unique opportunity.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 2007
    Construction STEEL FRAME
    Total area 6,978 SF
    Lot 0.22 ac (9,583 SF)
    APN 01-13-0-121-011
    UPID US28-2862977
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Capricorn Investments LLC · 20 yrs held
    Capricorn Investments LLC
    since 2005
    2 recorded transactions
    2005
    $170,000
    2005
    $300,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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