3165 Myrtle Ave 5, Granite City, IL 62040-5012
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.