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5024 N Illinois St 4,000 SF 100% Leased Office Building Fairview Heights, IL 62208 For Sale

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INVESTMENT HIGHLIGHTS

  • Two ready-to-build commercial pads within Lakeview Commons
  • Utilities available on-site to reduce development costs
  • Each pad supports up to 4,000 SF building footprint
  • Zoned PB allowing medical, office, and retail-office uses
  • Strong visibility along IL Route 159 in a high-traffic corridor
  • Attractive pricing at $130,000 per lot with individual purchase option

EXECUTIVE SUMMARY

Located within the established Lakeview Commons Business Park, these two commercial pad sites at 5024 North Illinois Street present a rare opportunity for developers, investors, and owner-users seeking a high-visibility location in Fairview Heights. Each pad measures approximately 0.52 acres and has been previously graded for efficient development, reducing site preparation costs and accelerating project timelines.
Zoned PB (Planned Business), the sites offer flexibility for a variety of uses including medical offices, professional services, and retail-office concepts. With utilities already available to the property, buyers can minimize upfront infrastructure expenses and focus on delivering a tailored build-to-suit solution. Each pad supports a building footprint of up to 4,000 square feet, making them ideal for single-tenant or multi-tenant configurations that cater to the growing demand for modern commercial space in the region.
Strategically positioned along North Illinois Street (IL Route 159), the property benefits from strong traffic counts and excellent visibility, ensuring maximum exposure for future occupants. Fairview Heights is a thriving commercial hub with convenient access to major highways, robust demographics, and proximity to regional retail centers, creating an environment conducive to long-term success.
Priced at $130,000 per lot, these pads can be purchased individually, offering flexibility for phased development or immediate construction. Whether you’re planning a medical practice, professional office, or investment property, 5024 North Illinois Street delivers the location, infrastructure, and zoning advantages to bring your vision to life.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,000 SF
Building Class
B
Year Built
2026
Construction Status
Proposed
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,000 SF
Building FAR
0.18
Lot Size
0.52 AC
Zoning
PB - Planned Business District

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-34.0-311-009
Land Assessment
$42,980 CAD
Improvements Assessment
$19,518 CAD
Total Assessment
$62,498 CAD
  • Listing ID: 39028018

  • Date on Market: 2026-01-09

  • Last Updated:

  • Address: 5024 N Illinois St, Fairview Heights, IL 62208

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