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Property profile & analytics
OFF-MARKET
Commercial real estate

620 Lincoln Hwy Fairview Heights, IL 62208

13,144 SF 1.03 ac lot Built 1990
Entity Owned 8-yr Hold
Property ID
US28-5183785
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully leased, two-story retail and executive office building situated on a 1.03-acre lot in Fairview Heights, Illinois. The property, located at 620 Lincoln Hwy, boasts 13,144 square feet and features six units, offering a strong 6.29% capitalization rate with a net operating income (NOI) of $138,362. Built in 1990 and renovated in 1991, the building is zoned PB-Planned Business and includes 40 parking spaces. The property benefits from a high average daily traffic count of 18,600 vehicles. Internal features include forced-air heating and cooling systems throughout, an ADA-compliant elevator, and a brick exterior. The current lease is a modified agreement with four years remaining. This well-maintained property offers a stable income stream and significant potential for future growth, making it an attractive investment for discerning buyers. The property's address is 620 Lincoln Hwy, Fairview Heights, IL 62208, and its APN is 03-27.0-305-002/003.

Property profile
Verified
Property type Commercial real estate
Year built 1990
Total area 13,144 SF
Lot 1.03 ac (44,867 SF)
APN 03-27.0-305-002/003
UPID US28-5183785
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
Casablanca Rental Mgmt LLC · 8 yrs held
Casablanca Rental Mgmt LLC
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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