Property profile

4041 Mississippi Ave Cahokia, IL 62206

OFF-MARKET
Commercial real estate
Property ID
US28-2219783
3,131 SF 0.75 ac lot Built 1982
Entity Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

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

Location

4041 Mississippi Ave Cahokia, IL 62206-1041
Cahokia metro Census 502300 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$75k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$95k

Owner & transaction history

since 2026
Last sale
$65,000
7 recorded transactions
2026
$65,000
2025
Price N/A
2021
$100,000
2017
Price N/A
2017
$194,000
2017
Price N/A
2009
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4041 Mississippi Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message