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    OFF-MARKET
    Commercial real estate

    4041 Mississippi Ave, Cahokia, IL 62206-1041

    3,131 SF 0.75 ac lot Built 1982
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US28-2219783
    Property summary
    AI-generated overview

    This exceptional 3,000 square foot medical office building is situated on a 0.99-acre lot in Cahokia, Illinois, at 4041 Mississippi Ave, zip code 62206. The single-story, 1982-constructed building is zoned for commercial use and features a gross lease tenancy. The asking price is $225,000, translating to a price per square foot of $75. The property boasts a high-traffic location with an average daily traffic count of 14,300 vehicles, making it ideal for a variety of medical practices. The building previously housed medical tenants, suggesting a history of successful medical operations. A 2,000 square foot suite is currently available. The property's APN is 01-35.0-305-028, 01-35.0-305-028-039. This property presents a compelling investment opportunity in a prime location with established medical usage history. The building is located on Illinois State Route 3, ensuring excellent visibility and accessibility. This is a multi-tenant building.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1982
    Construction WOOD
    Total area 3,131 SF
    Lot 0.75 ac (32,670 SF)
    APN 01-35-0-305-028
    UPID US28-2219783
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    4041 Misissippi LLC
    4041 Misissippi LLC
    since 2026
    Last sale
    $65,000
    7 recorded transactions
    2026
    $65,000
    2025
    2021
    $100,000
    2017
    2017
    $194,000
    2017
    2009
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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