Property summary
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
VerifiedCap rate & NOI
Current use
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Take-out & Catering
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Telecommunications Service
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Computer & Electronic Repair Tech Support Center
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Training Center Vocational School
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Nail Salon
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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