Property profile

1475 B And H Industrial Ct Millstadt, IL 62260

FOR LEASE
Other commercial real estate
Property ID
US28-3496012
30,000 SF 2.89 ac lot Built 1984
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This multi-tenant industrial complex totals approximately 40,800 square feet and is located within the Millstadt Industrial Park near Illinois Route 158 and Illinois Route 163 (within about one mile) and approximately five miles from Illinois Route 15. The complex includes space occupied by a major tenant, Minova, which occupies about 25,800 square feet; the remaining area supports additional tenant use within the same industrial setting. The property is configured to accommodate industrial manufacturing and related operations, with a tenant history that includes a mining-related global manufacturer and supplier of chemical and mechanical earth control products, adhesives, and support equipment, operating manufacturing plants across multiple continents and providing products and solutions used in underground mining and related civil engineering applications.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1984
Construction STEEL FRAME
Total area 30,000 SF
Lot 2.89 ac (125,888 SF)
APN 12-10-0-323-063
UPID US28-3496012

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
  • Construction Company General Contractor
  • Furniture & Home Goods
  • General Contractor Renovation Specialist

Location

1475 B And H Industrial Ct Millstadt, IL 62260
Millstadt metro Census 503203 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$835k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$745k

Owner & transaction history

since 2021
Last sale
$700,000
5 recorded transactions
2021
$700,000
2021
Price N/A
2016
Price N/A
2015
$450,000
1969
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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