4041 Mississippi Ave, Cahokia, IL 62206-1041
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.