4510 N Illinois St - Freestanding FOR SALE


Swansea, IL 62226
$980,000 USD
808-866-4840
4510 N Illinois St, Swansea, IL for Sale
$980,000 USD
Freestanding - FOR SALE
1/22
null | 2.82% Cap Rate

4510 N Illinois St
Swansea, IL 62226


HIGHLIGHTS

  • Existing Income-Producing Asset 6,000 SF retail center Four multi-tenant suites Established commercial location Diversified tenant opportunities
  • Development Upside Additional land included Approved for up to nine additional units Opportunity to increase leasable square footage
  • Prime Visibility Frontage on Illinois Route 159 Approximately 95 feet of frontage on Smelting Works Road Monument and building signage opportunities
  • Strategic Location Approximately 2 miles from Interstate 64 Convenient access to Belleville, O'Fallon, Shiloh, and Fairview Heights
  • Located within a dense retail and residential trade area
  • Flexible Investment Potential Hold as a stabilized income-producing asset Develop approved expansion parcel Owner-user opportunity

OVERVIEW

Millstone Plaza is a unique investment opportunity offering immediate income and future growth potential in one of the Metro East area's most active commercial corridors. Located on approximately 2.28 acres along highly visible Illinois Route 159, the property features a 6,000 SF multi-tenant retail center plus an additional parcel approved for future development. Investors have the opportunity to acquire an established retail asset while capitalizing on the ability to expand and increase future income. The existing building consists of four 1,500 SF suites and is positioned to serve a variety of retail, office, medical, and service-oriented tenants. Strong visibility, easy access, ample parking, and proximity to Interstate 64 make this an attractive location for both tenants and investors.

FOR SALE DETAILS

PRICE

$980,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

2.82%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bar, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

2.47 AC

LAND SF

107,593 SF

ZONING

HB

APN/PARCEL ID

08-03.0-100-051

ASK ABOUT THIS PROPERTY

Annmarie PickeringColdwell Banker Brown RealtorsMore Info
808-866-4840

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Annmarie PickeringColdwell Banker Brown RealtorsMore Info
808-866-4840

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