Positioned within the Millstadt Industrial Park, this multi-tenant industrial investment offers a compelling opportunity for buyers seeking stable income and long-term upside. The property spans 2.9 acres and includes two buildings totaling 40,800 square feet, with a strong occupancy anchored by Minova Inc.—a global mining solutions provider with operations in over 25 countries. Recent lease extensions and structured rent escalations reinforce income stability, while the property's 2018 renovations and galvanized steel roofing ensure operational longevity.
Strategically located less than a mile from IL Routes 158 and 163, and just five miles from IL Route 15, the site offers excellent regional connectivity. The sale includes a contiguous 1.9-acre rocked drop lot, presenting untapped potential for RV or equipment storage income. With a current Net Operating Income of $154,416 and a CAP rate of 8.82%, this asset delivers immediate cash flow with room for growth through lease-up of the vacant suite and monetization of the drop lot.
The property benefits from 20 on-site parking spaces, metal and wood frame construction, and a depth of 345 feet with 360 feet of frontage. Its zoning under I-Industrial District supports a wide range of uses, making it a versatile addition to any investment portfolio.