Commercial Property for Sale in O Fallon Illinois 62269
1319 Central Park Dr, O Fallon, Illinois 62269
$2,850,000
$317 / sq ft Listed Aug 19, 2024
8,993 sqft
Building
2003
Built
1
Stories
130
Parking
1
Units
About this property
Commercial Property for Sale in O Fallon Illinois 62269 is a retail for sale in O Fallon, Illinois, listed at $2,850,000. Key details: year built 2003, building size 8,993 sqft, stories 1, parking spaces 130. Listed by Nicholas Sarris of Anchor Point Capital on LoopingCloud and last updated August 19, 2024.
Early Extensions Recently Executed by Both Tenants; Long Term Occupancy History; Both Tenants Have Over 10yrs of Occupancy Strong Tenant Commitment; Both Tenants Have Extensive FF&E and Have Exercised their Lease Renewals Multiple Times; On Nearly 2 Acre lot 39% Population Growth within 1 Mile; Strong demographics Over $103,533 AHHI within 3-mile Radius; Approximately 70% Home Ownership
Tenant Responsibilities Include Taxes, Insurance, CAM, HVAC, and Parking Lot; Recent Capital Expenditure Included New Parking Lot HotShots Sports Bar & Grill - Strong Reported Sales Over $2.3M (6.3% RTS); Sake Sushi - Lease since 2006, Personal Guarantee by Operator Located Along a Busy Retail Corridor with Great Visibility from Both US HWY 50 and Central Park Dr; Over 50,000 VPD
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 2003
- Building Size
- 8,993 sqft
- Stories
- 1
- Parking Spaces
- 130
- Total Units
- 1
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
$317
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $2,850,000 | - | - | - | - |
Features and amenities
Highlights
- Dedicated Turn Lane, Freeway Visibility, Signage
Location
Address as shown by the lister.
Get directionsAbout this area - O Fallon
- Population
- 26,249
- Housing units
- 10,337
- Land area
- 31.9 sq mi
- County
- Saint Clair
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Additional contacts
1 person to reach- Ned SkinnerAssociate Advisor (714) 264-2454
Frequently asked questions
What is the asking price of Commercial Property for Sale in O Fallon Illinois 62269?
Commercial Property for Sale in O Fallon Illinois 62269 is listed at $2,850,000. That works out to about $317 per square foot.
Where is Commercial Property for Sale in O Fallon Illinois 62269 located?
The property is in 1319 Central Park Dr, O Fallon, Illinois 62269, Saint Clair County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 8,993 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Nicholas Sarris of Anchor Point Capital listed this property. Use the Request Info button to send a message or call (949) 438-0052.
When was this listing published?
It was published on August 19, 2024 and last updated on August 19, 2024.
Listing information
- Listing ID
- CL-Illinois-11423
- Published
- Aug 19, 2024
- Last updated
- Aug 19, 2024
- Views
- 554
Report a problem with this listing
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