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3361 Fehling Rd
Granite City, IL 62040
Steel City Plaza · Retail Property For Sale
Investment Highlights
- 15,600 square feet
- 85% Occupied
- 2,400sf For Lease
- Imo’s Pizza, Central Laundry, Nail Salon, Café & more
- NNN Leases
- NOI of $186,685
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
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,600 SF
Building Class
C
Year Built/Renovated
1990/2012
Price
$2,327,419 CAD
Price Per SF
$149.19 CAD
Cap Rate
10.98%
NOI
$255,585 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
1.27 AC
Parking
57 Spaces (3.65 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 22-2-20-08-14-301-012 | Improvements Assessment | $291,524 CAD |
| Land Assessment | $59,672 CAD | Total Assessment | $351,196 CAD |
Property Taxes
Parcel Number
22-2-20-08-14-301-012
Land Assessment
$59,672 CAD
Improvements Assessment
$291,524 CAD
Total Assessment
$351,196 CAD
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