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29879254
29879255

10304 Lincoln Trail, Fairview Heights, IL 62208 For Sale

MD
IL 475167618
Barbermurphy Group
Listed by Barbermurphy Group
$220,000
145 days on market
Updated 50 days ago

Value-Add Investment Property

Details
APN 03-28.0-300-044
Property Type Office, Retail
Sub Type Traditional Office
Square Footage 2,400
Units 5
Cap Rate 7.65%
NOI $16,826
Occupancy 50%
Tenancy Multi
Lease Type Modified
Price per SqFt $92
Year Built 1974
Year Renovated 2022
Buildings 1
Stories 2
Acreage 0.220
Zoning B-3 Community Business
Parking Spaces 12 spaces
Parking per 1,000 SqFt 5.00
Investment Type Value Add

Investment Property for Sale in Fairview Heights, IL

Marketing description

Value-add office/retail investment property available for sale. Proforma annual rents: $35,100. Annual expenses: $18,274.62. Historically low vacancy rates in this building. (2) office/retail suites coming available at the end of March (250 SF) and May of 2026 (232 SF). Lease is a full service rate which includes water, sewer, gas and electric. Tenant responsible for data/internet and janitorial. Contact broker for additional financial details. Future development of this corridor by the City of Fairview Heights include updated landscaping and sidewalks throughout as well as upgraded lighting fixtures.

Located near the corner of Lincoln Trail and Union Hill Rd – 1.3 miles from I-64’s exit 10 in Fairview Heights. Union Hill provides direct access (South) to Frank Scott Parkway which runs East and West through St. Clair County.

Listing Contacts

MD
IL 475167618
Barbermurphy Group
Listed by Barbermurphy Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$16,826.00
$1,402.17/mo

Valuation Metrics

0
DSCR
7.65%
Cap Rate
7.65%
ROI

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