Log In/Sign Up
Your email has been sent.
4510 N Illinois St 6,000 SF 75% Leased Retail Building Swansea, IL 62226 $1,361,416 CAD ($226.90 CAD/SF) 2.82% Cap Rate
Investment Highlights
- Existing Income-Producing Asset 6,000 SF retail center Four multi-tenant suites Established commercial location Diversified tenant opportunities
- Prime Visibility Frontage on Illinois Route 159 Approximately 95 feet of frontage on Smelting Works Road Monument and building signage opportunities
- Located within a dense retail and residential trade area
- Development Upside Additional land included Approved for up to nine additional units Opportunity to increase leasable square footage
- Strategic Location Approximately 2 miles from Interstate 64 Convenient access to Belleville, O'Fallon, Shiloh, and Fairview Heights
- Flexible Investment Potential Hold as a stabilized income-producing asset Develop approved expansion parcel Owner-user opportunity
Executive Summary
Millstone Plaza is a unique investment opportunity offering immediate income and future growth potential in one of the Metro East area's most active commercial corridors.
Located on approximately 2.28 acres along highly visible Illinois Route 159, the property features a 6,000 SF multi-tenant retail center plus an additional parcel approved for future development. Investors have the opportunity to acquire an established retail asset while capitalizing on the ability to expand and increase future income.
The existing building consists of four 1,500 SF suites and is positioned to serve a variety of retail, office, medical, and service-oriented tenants. Strong visibility, easy access, ample parking, and proximity to Interstate 64 make this an attractive location for both tenants and investors.
Located on approximately 2.28 acres along highly visible Illinois Route 159, the property features a 6,000 SF multi-tenant retail center plus an additional parcel approved for future development. Investors have the opportunity to acquire an established retail asset while capitalizing on the ability to expand and increase future income.
The existing building consists of four 1,500 SF suites and is positioned to serve a variety of retail, office, medical, and service-oriented tenants. Strong visibility, easy access, ample parking, and proximity to Interstate 64 make this an attractive location for both tenants and investors.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
B
Year Built
2003
Price
$1,361,416 CAD
Price Per SF
$226.90 CAD
Cap Rate
2.82%
NOI
$38,436 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
2.47 AC
Zoning
HB - Commercial Highway Business
Parking
30 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
95’ on Smelting Works Rd
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-03.0-100-051 | Total Assessment | $295,249 CAD (2024) |
| Land Assessment | $47,204 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $248,046 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
08-03.0-100-051
Land Assessment
$47,204 CAD (2024)
Improvements Assessment
$248,046 CAD (2024)
Total Assessment
$295,249 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
1 of 23
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
4510 N Illinois 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.