2421 Corporate Center Dr - Medical FOR SALE


Granite City, IL 62040
$1,799,000 USD
618-277-4400
2421 Corporate Center Dr, Granite City, IL for Sale
$1,799,000 USD
Medical - FOR SALE
1/11
null | 10.22% Cap Rate

2421 Corporate Center Dr
Granite City, IL 62040


OVERVIEW

25,000 SF Office investment property with a 93% occupancy. Anchor Tenants – Bethany occupies 25% rentable space of the total building with recent expansion and lease extensions. Quantum Vision occupies 22%. Room for growth and additional income. The HVAC for the second floor was replaced in 2021. The first floor unit was rebuilt and had the compressors replaced in 2014. Roof was replace in 4/27/2011. Landscaping and parking lot surface patched and striped in 2024. The office building is located in a professional office park in Granite City, Illinois, this location offers easy access to major highways, including Interstate 270, making it convenient for both employees and clients.

FOR SALE DETAILS

PRICE

$1,799,000 USD

PRICE/SF

$72 USD /SF

CAP RATE

10.22%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

2.47 AC

LAND SF

107,593 SF

ZONING

C-5

APN/PARCEL ID

22-2-20-09-07-201-027

ASK ABOUT THIS PROPERTY

Joe HardinBarberMurphy GroupMore Info
618-277-4400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Joe HardinBarberMurphy GroupMore Info
618-277-4400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.