1908 State St 21,950 SF Retail Building Granite City, IL 62040 $278,900 CAD ($12.71 CAD/SF)

Great opportunity for a multi use facility in downtown Granite City close to Granite City Steel & Gateway Regional Hospital. Main level use is gym for "Tank Training" which is owner occupied. Seller will sell all the gym equipment for half price with an acceptable contract on the building. The property at 1906 on the west side of the building is being totally remodeled. Rubber Modified roof 2019. Existing elevator at this building was fully operational 10 years ago but could potentially be operational again. Upstairs unit is currently rented until 2026 for $8,000 a mo. Rent increases to $10,000 a year in 2026. A new buyer would be advised to negotiate a new lease for a longer term. Tenant has no immediate desire to leave. Seller has reserved the right to give lessee 60 days notice to vacate the premises in the event a new user comes in for the entire building. Owner has a massage therapist interested in leasing small area on main level for $300 a month. The gym equipment is negotiable with an acceptable contract to purchase the building. 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.