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IL
Granite City
62040
3009 Nameoki Rd

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FOR SALE

Commercial real estate

3009 Nameoki Rd, Granite City, IL 62040

3,922 SF Built 1955

Individually Owned 10-yr Hold Free & Clear

Property ID

US28-1991590

$299,000 3,922 SF

3009 Nameoki Rd, Granite City, IL 62040
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This exceptional mixed-use property, located at 3009 Nameoki Rd in Granite City, Illinois, presents a compelling investment opportunity. The building, constructed in 1963 and renovated in 1980, encompasses a total of 3,162 square feet across two stories. The ground floor features 2,402 square feet of retail space, previously occupied by a successful music store, offering high visibility and an inviting showroom. This space benefits from grandfathered signage, a significant advantage for continued business operations. Upstairs, a 760-square-foot, two-bedroom apartment provides versatile residential space, ideal for live-work arrangements or rental income. The property sits on a high-traffic section of Nameoki Road, boasting an average daily traffic count of 23,700 vehicles, ensuring excellent exposure. The asking price is $450,000, translating to $142.31 per square foot. This fully occupied property offers immediate return on investment and significant potential for future growth. The property includes private parking and is identified by APN 22-2-20-17-06-106-001. This is a rare opportunity to acquire a well-located, income-producing mixed-use property in a thriving area of Granite City, Illinois, zip code 62040. The property's combination of retail and residential space makes it an attractive option for a variety of uses and investors.