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The Southern Illinoisan
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bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
20,412
acreage
Acreage
1.533
open houses
Open Houses
-
year built
year built
1977
full baths
Full Baths
0
half baths
Half Baths
0
Investment property with a 10.65 Cap Rate! Building and land for sale with existing tenant in place. Long established business operating now with a new owner, who bought the business and is leasing the whole property. Lease terms are $74,000 annually / $6,166 monthly, triple net, through September 2028. A 5-year renewal option through 2033 contains an increase tied to CPI. Property appraised in July of 2024 for $700,000. Both documents can be made available with a signed NDA. The contiguous vacant undeveloped lots provide plenty of extra ground to build on! Showing by appointment only with listing agent accompanying, only after first driving by the property and receiving documents for review.
Location
Subdivision Ivorys
County St Louis City
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 25024761
Listing agent: Jaymes Dearing #1999123519
Listing broker: Re Source, Llc (314) 351-4099
Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Monday, April 21 2025 at 2:29 p.m. EDT
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