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10304 Lincoln Trl
Fairview Heights, IL 62208
Value-Add Investment Property · Office Property For Sale
Executive Summary
Value-add office/retail investment property available for sale. Pro forma annual rents: $35,100. Annual expenses: $18,274.62. Historically low vacancy rates in this building. One (1) office/retail suite available (232 SF), with an existing shampoo bowl hookup and chair. Lease is a full-service rate that includes water, sewer, gas, and electricity. The tenant is responsible for data/internet and janitorial. Contact the broker for additional financial details. Future development of this corridor by the City of Fairview Heights includes 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.
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.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
2,400 SF
Building Class
C
Year Built/Renovated
1974/2022
Price
$27,579 CAD
Price Per SF
$11.49 CAD
Cap Rate
7.65%
NOI
$2,110 CAD
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,200 SF
Slab To Slab
10’
Building FAR
0.25
Lot Size
0.22 AC
Zoning
B-3 - Community Business
Parking
12 Spaces (5 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 03-28.0-300-044 | Improvements Assessment | $78,351 CAD |
| Land Assessment | $22,655 CAD | Total Assessment | $101,006 CAD |
Property Taxes
Parcel Number
03-28.0-300-044
Land Assessment
$22,655 CAD
Improvements Assessment
$78,351 CAD
Total Assessment
$101,006 CAD
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