645 W Highway 50 - Storefront Retail/Office FOR SALE
O'Fallon, IL 62269 |
645 W Highway 50
O'Fallon, IL 62269
HIGHLIGHTS
- Mixed-Use Building
- Modified Gross Leases; 70% of Tenants Pay Their Own Utilities; Landlord Pays the Rest of Expenses
- Well Below Market Rents
- Below Replacement Cost
- Strong Mix of Recession and Internet Proof Tenants
- Strong Demographics With a Population of Over 44,335 Residents Making an Average Household Income of $110,340 Within a 3-Mile Radius
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
O’Fallon Centre | O’Fallon, IL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
ADD'L SUBTYPES
Storefront, Medical, Office/Residential
TOTAL BUILDING SIZE
18565
STORIES
2
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
85
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
04-30.0-303-091
