Commercial Property in O'Fallon IL
Commercial Property with Potential for Increased Value with Upstairs Apartment
Marketing description
Prime corner lot on South Lincoln, offering high-traffic exposure in O'Fallon, IL. This property features two buildings with multiple income-generating opportunities, ideal investors. The main building (633-635) includes two ground-floor commercial spaces: a long-standing alterations/seamstress business ($700/month) and a larger office/retail space that currently is leased to a mental health professional ($1,000/month + $200 for utilities graduating $100/month each of the next two years). The second-floor space, accessible via a separate entrance at 102 W. 7th, was formerly a residential apartment and offers additional value-add potential if renovated and brought up to code. Across the paved parking lot, the second building (625) houses a hair salon generating $585/month. The interior photos included are of the main floor, larger space! Don't miss out on this versatile property with great income potential. Contact us today for more details or to schedule a showing!
Call us today to schedule a showing!
Investment highlights
Detailed Square Footage:
633/635 First Floor (leased as Counseling Offices and Alterations Business): 1,600 SF
635 Second Floor (2 Bedroom Apartment, currently vacant): 824 SF
625 (Currently Leased as Hair Braiding Business): 612 SF
Monthly Rents: (All Gross Leases with LL paying utilities minus electric bill at 625)
625: $585
633: $700
635: $1,000/month plus $200/month for utilities. Rent increases by $100 a month each of the next two years.
Contact us today for a showing!
Jeff Franke Email: jeff@choosekwg.com Phone: 618-792-9693
Kevin Beck Email: kevin@choosekwg.com Phone: 618-550-8762
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