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2132 Pontoon Rd
Granite City, IL 62040
Green Professional Park · Office Property For Sale
Investment Highlights
- 14,366 square feet of Professional Office space
- Each building is separately parceled
- Offered at $31.39 PSF // $450,000
- Four (4) buildings of 3,584 square feet each
- Tremendous leasing upside
Executive Summary
Manor real estate is pleased to present the opportunity to acquire a 100% fee simple interest in a two (2) property portfolio within Granite City, Illinois (“The Properties”), comprised of Steel City Plaza and Green Professional Park
Steel City Plaza is an established 15,600 square foot multi-tenant retail center with 84.6% occupancy. The center features a desirable mix of 7 tenants with uses including Imo’s Pizza, a Nail Salon, Laundromat, Hair Salon and more.
Green Professional Park is a four (4) building office complex, each building measuring approximately 3,584 square feet. Green Professional Park is a tremendous value-add opportunity through lease-up of vacancy and/or sales of the individual buildings to end users.
The Properties are being offered solely as a package for $2,150,000 (8.6% CAP).
Steel City Plaza is an established 15,600 square foot multi-tenant retail center with 84.6% occupancy. The center features a desirable mix of 7 tenants with uses including Imo’s Pizza, a Nail Salon, Laundromat, Hair Salon and more.
Green Professional Park is a four (4) building office complex, each building measuring approximately 3,584 square feet. Green Professional Park is a tremendous value-add opportunity through lease-up of vacancy and/or sales of the individual buildings to end users.
The Properties are being offered solely as a package for $2,150,000 (8.6% CAP).
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
14,336 SF
Building Class
C
Year Built
1999
Price
$615,956 CAD
Price Per SF
$42.97 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,336 SF
Building FAR
0.27
Lot Size
1.23 AC
Parking
20 Spaces (1.4 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 22-2-20-09-05-101-027 | Improvements Assessment | $69,754 CAD |
| Land Assessment | $17,521 CAD | Total Assessment | $87,274 CAD |
Property Taxes
Parcel Number
22-2-20-09-05-101-027
Land Assessment
$17,521 CAD
Improvements Assessment
$69,754 CAD
Total Assessment
$87,274 CAD
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