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    OFF-MARKET Estimated value $1,485,000
    Grocery and convenience stores

    700 Main St, Creve Coeur, IL 61610-3879

    5,868 SF 1.44 ac lot Built 1999
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US28-1202008
    Property summary
    AI-generated overview

    This exceptional 4,828-square-foot flex warehouse building, situated on a 1.17-acre lot in East Peoria, Illinois, presents a compelling investment opportunity. Constructed in 2006 by Gilbert Construction, the property boasts excellent condition and a versatile layout. Features include a small office area, a restroom with a shower, and two distinct warehouse/shop areas. Access is provided by three overhead drive-in doors. The building is equipped with in-floor heat, two tankless water heaters, and a 200-amp electrical service. The western portion offers 15-foot ceilings, two 12x10 overhead doors, and ample open shop space. The eastern area features 10-foot ceilings, one overhead door, and additional open space. A significant advantage is the pre-installed air compressor and compressed air lines throughout. A hoist is potentially available for separate negotiation. The property is zoned B3 and offers a single tenancy. The asking price is $395,000, translating to $81.81 per square foot. This single-story building presents a rare combination of functionality and location, making it ideal for a variety of commercial uses.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE
    Year built 1999
    Total area 5,868 SF
    Lot 1.44 ac (62,726 SF)
    APN 04-04-12-215-003
    UPID US28-1202008
    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
    $1.46M
    CAP Approach CAP
    $1.16M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.49M
    Owner & transaction history
    Strive Holdings INC · 5 yrs held
    Strive Holdings INC
    since 2021
    Last sale
    $1.6M
    7 recorded transactions
    2021
    $1.6M
    2016
    $1.1M
    2013
    $1.6M
    2005
    2003
    $1.7M
    1997
    $400,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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