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225 N 9th Street

East St Louis, IL 62201
  • $2,500,000
  • STATUS: Active
  • ON SITE: 263 Days
  • ID#: 24015667
UPDATED: 153 min ago
$2,500,000
  • 0
    BEDS
  • 1.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 26,044
    SQFT
  • $96
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1999
County:

School Ratings & Info

Description

Step into a lucrative business opportunity with this prime commercial office building, ideally located in the heart of downtown. Spanning over 26,000 square feet, this property is an excellent real estate investment. Currently leased by the Department of Human Services, it brings in $28,719.17/month with a lease secure until July 2025, and a guaranteed 5-year renewal through July 2030. Entrepreneurs will appreciate the stability and scalability of a government-backed tenant, offering reliable income. The building features over 40 offices, cubicle spaces, restrooms, a training room, a breakroom, a lounge, and spacious waiting areaperfect for business expansion. Its high-visibility location with easy access to major highways makes it a rare and ideal growth opportunity. Don't miss your chance to own this cornerstone property, ensuring stable cash flow and long-term success!

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Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-12-07T23:39:33.82.

Friend Real Estate | eXp Realty: 573-207-6033
www.teamfriendhomes.com/homes/148729176
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225 N 9th Street East St Louis, IL 62201

  • Price: $2,500,000
  • Status: Active
  • On Site: 263 Days
  • Updated: 153 min ago
  • ID#: 24015667
0
Beds
0
Baths
0
½ Baths
1.6
Acres
26,044
SQFT
$96
$/SQFT
1999
Built
Neighborhood:
Third Sub
County:
St Clair
Property Description
Step into a lucrative business opportunity with this prime commercial office building, ideally located in the heart of downtown. Spanning over 26,000 square feet, this property is an excellent real estate investment. Currently leased by the Department of Human Services, it brings in $28,719.17/month with a lease secure until July 2025, and a guaranteed 5-year renewal through July 2030. Entrepreneurs will appreciate the stability and scalability of a government-backed tenant, offering reliable income. The building features over 40 offices, cubicle spaces, restrooms, a training room, a breakroom, a lounge, and spacious waiting areaperfect for business expansion. Its high-visibility location with easy access to major highways makes it a rare and ideal growth opportunity. Don't miss your chance to own this cornerstone property, ensuring stable cash flow and long-term success!
Exterior Features

Attached Garage YN No Lot Size Dimensions 294.58 x 280 x 140.58 x 160 x 35 x irr Lot Size Source County Records Parking Features Parking Lot Road Frontage Type City Street Roof Architecural Shingle Unit Location CityCorner LocationDowntown

Interior Features

Above Grade Finished Area Source Public Records Cooling Electric Heating Forced Air Heating YN Yes

Property Features

Association Southwestern Illinois Board of REALTORS Commercial Type Commercial LandOffice LandSpecial Purpose/Use Cross Street Missouri Ave Current Financing Cash OnlyConventional Current Use One StoryOffice Disclosures UnknownAgent OwnedSellers Discl Not Av Electric Other Inclusions Building & Land Lease Term More than 3 Years Net Operating Income 0 Possession Close Of Escrow Possible Use Office Property Sub Type Commercial & Indr. Sewer Public Sewer Special Listing Conditions No ExemptionsNone Tax Annual Amount 33891 Tax Year 2022 Transaction Type Sale Utilities Electricity AvailableWater AvailableSewer Available Water Source Public Zoning commericial office

Listing provided courtesy of Just Wright Realty: 3375878. Listing information © 2024 Mid America Regional Information Systems, Inc.
Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-12-07T23:39:33.82.

Friend Real Estate | eXp Realty: 573-207-6033
 
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