Log In/Sign Up
Your email has been sent.
1908 State St 17,691 SF Retail Building Granite City, IL 62040 $259,238 CAD ($14.65 CAD/SF)
Investment Highlights
- Great opportunity for a multi use facility
- Main level is being used as a gym for "Tank Training". 2nd level is leased until 2027 with a gross lease at $4,000 per year
- Potential to complete 3 apartments and a showroom or boutique on the main level end cap
- Located in heart of downtown Granite City
- Gym equipment has an approx. value of $200,000 new with actual resale value closer to $115,000
- unlimited potential for additional parking lots in rear
Executive Summary
Front picture does not include the small building to the right! Great opportunity for a multi use facility in downtown Granite City close to Granite City Steel & Gateway Regional Hospital. Main level use is currently a gym for "Tank Training" which is owner occupied. Rubber Modified roof 2019. Existing elevator at this building was fully operational 10 years ago but could potentially be operational again. A new buyer would be advised to negotiate a new lease for a longer term. Tenant has no immediate desire to leave. Seller owns 3 parcels of land to the south side at 1909 & 1911 Grand that could be purchased for $15,000 if the user needs additional parking or other uses. The parcels are 45X125, 50X125 & 50X125. Upstairs tenant has been vacated as of 3/1/26. Plenty opportunity for multiple types of uses!
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
17,691 SF
Building Class
C
Year Built
1940
Price
$259,238 CAD
Price Per SF
$14.65 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.40
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
C-4 - C-4 Central Business Commercial District
Frontage
Property Taxes
| Parcel Numbers | Improvements Assessment | $10,083 CAD (2024) | |
| Land Assessment | $3,902 CAD (2024) | Total Assessment | $13,985 CAD (2024) |
Property Taxes
Parcel Numbers
Land Assessment
$3,902 CAD (2024)
Improvements Assessment
$10,083 CAD (2024)
Total Assessment
$13,985 CAD (2024)
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
1908 State St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.