3361 Fehling Rd - Storefront Retail/Office FOR SALE


Granite City, IL 62040
$1,700,000 USD
314-322-2510
3361 Fehling Rd, Granite City, IL for Sale
$1,700,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 10.98% Cap Rate

3361 Fehling Rd
Granite City, IL 62040


HIGHLIGHTS

  • 15,600 square feet
  • Imo’s Pizza, Central Laundry, Nail Salon, Café & more
  • 85% Occupied
  • NNN Leases
  • 2,400sf For Lease
  • NOI of $186,685

OVERVIEW

Manor real estate is pleased to present the opportunity to acquire a 100% fee simple interest in a two (2) property portfolio within Granite City, Illinois (“The Properties”), comprised of Steel City Plaza and Green Professional Park Steel City Plaza is an established 15,600 square foot multi-tenant retail center with 84.6% occupancy. The center features a desirable mix of 7 tenants with uses including Imo’s Pizza, a Nail Salon, Laundromat, Hair Salon and more. Green Professional Park is a four (4) building office complex, each building measuring approximately 3,584 square feet. Green Professional Park is a tremendous value-add opportunity through lease-up of vacancy and/or sales of the individual buildings to end users. The Properties are being offered solely as a package for $2,150,000 (8.6% CAP).

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

10.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Steel City Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,448 SF

ZONING

-

APN/PARCEL ID

22-2-20-08-14-301-012

ASK ABOUT THIS PROPERTY

Eddie CherryManor Real EstateMore Info
314-322-2510

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Eddie CherryManor Real EstateMore Info
314-322-2510

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