Listed by Commercial Realty Associates
$795,000
1051 S WALL Street
Details
APN 15-22-353-014
Property Type Office, Retail
Sub Type Traditional Office, Storefront
Square Footage 13,999
Cap Rate 12.80%
Occupancy 50%
Tenancy Multi
Lease Term 2
Price per SqFt $53
Year Built 1933
Buildings 2
Stories 3
Acreage 1.390
Zoning SB
Parking Spaces 25 spaces
Parking Per SqFt 1.79
Ownership Premier Property Mgt. and Development
Former industrial building beautifully remodeled for upscale office space.
Marketing description
Amazing property! This 3 story brick and concrete building is in excellent condition after being recently remodeled. It is virtually maintenance free and built to last. 6,990 SF of Remodeled Retail Space. 2,175 SF of Expandable Retail Space or Storage Area. 840 SF Separate Garage for Storage Space 1,365 SF Separate Expandable Retail 3,469 SF of Bottom Level Storage Space SpaceBoutique hotel rentals provide good income: (3) studio apartments & one bath 400 SF each; (1) one bedroom and one bath 570 SF. Large common area is shared by all. There is also a detached garage that is leased out. Good investment for your own business in addition to the rental income. Excellent location adjacent to Southern Illinois University, downtown businesses and major shopping areas.
Listing Contacts
Listed by Commercial Realty Associates
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