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    OFF-MARKET
    Office Spaces

    3165 Myrtle Ave 5, Granite City, IL 62040-5012

    1,217 SF Built 1963
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US28-1829135
    Property summary
    AI-generated overview

    This exceptional 0.397-acre commercial property in Granite City, Illinois, presents a unique investment opportunity. Located at 3165 Myrtle Avenue, Unit 1, this special-purpose land boasts a 1,678 square foot building. The property's address is 3165 Myrtle Avenue, Unit 1, Granite City, IL 62040. The building has served as a medical center for over 25 years, featuring a large waiting room, reception area, two medical offices, patient rooms, a file area, and one bathroom. The building is being sold "as is," with no occupancy provided by the seller. The property is situated conveniently across from a high school, offering high visibility and potential for various commercial uses. The asking price is $12,000. The lot size is 0.397 acres. While the previous business, Bellmore Medical Center, is no longer operating in this unit, Dr. Rana and Ahmad's medical practice continues to operate in a nearby building. This presents a chance to acquire a well-located property with a history of medical use, suitable for a variety of commercial ventures. The property's location and size make it an attractive investment for entrepreneurs and developers alike.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1963
    Total area 1,217 SF
    APN 22-2-20-08-19-401-025-05C
    UPID US28-1829135
    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
    Empowered Care LLC · 3 yrs held
    Empowered Care LLC
    since 2023
    Last sale
    $6,500
    2 recorded transactions
    2023
    $6,500
    2007
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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