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Steel City Plaza 3361 Fehling Rd 15,600 SF Vacant Retail Building Granite City, IL 62040 $2,308,600 CAD ($147.99 CAD/SF) 9.64% Cap Rate
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 $163,885
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 (7.3% 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 (7.3% CAP).
Data Room Click Here to Access
- Offering Memorandum
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
$2,308,600 CAD
Price Per SF
$147.99 CAD
Cap Rate
9.64%
NOI
$222,556 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)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Embroidery Expressions
- Professional, Scientific, and Technical Services
- -
- -
-
Lorem Ipsum
-
Jan 0000
- European Tan Spa
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Embroidery Expressions | Professional, Scientific, and Technical Services | - | - | Lorem Ipsum | Jan 0000 | |
| European Tan Spa | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-2-20-08-14-301-012 | Improvements Assessment | $288,928 CAD |
| Land Assessment | $59,141 CAD | Total Assessment | $348,069 CAD |
Property Taxes
Parcel Number
22-2-20-08-14-301-012
Land Assessment
$59,141 CAD
Improvements Assessment
$288,928 CAD
Total Assessment
$348,069 CAD
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Steel City Plaza | 3361 Fehling Rd
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