108 Coulter Road

    East Carondelet, IL 62240
    • $1,500,000
    • STATUS: Active
    • ON SITE: 72 days
    • ID#: 20002563
    $1,500,000
    • 0
      BEDS
    • 3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    2003
    County:

    School Ratings & Info

    Description

    Investment opportunity with 10.8 cap rate. Easy and convenient return on investment with this fully-leased property. Current business with long term lease has been in place for many years with a triple net lease in place. Property consists of 2 buildings,12,800 sq fteach. Building 1 has a 1200 sq ft office area consisting of 3 offices and a restroom. Warehouse area for Bldg 1 is 18ft tall with lunchroom, bathroom/shower facilities, and an additional office area. Building 2 boasts 24 ft tall ceilings with an additional bathroom/shower area. Both buildings have truck loading areas in the rear of building and garage door access between buildings for ease of moving equipment back and forth between buildings. Seller will consider carrying note for the right terms. Adjacent property may be available for expansion in the future.Ask your agent for details.

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    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-03-28T23:48:40.06.

    Fusion Realty, LLC: 618.781.9170
    www.fusionrealtyhomes.com/homes/102368518

    108 Coulter Road East Carondelet, IL 62240

    • Price: $1,500,000
    • Status: Active
    • ID#: 20002563
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3
    Acres
    2003
    Built
    Neighborhood:
    Prairie Du Pont Common Fields
    County:
    St Clair
    Property Description
    Investment opportunity with 10.8 cap rate. Easy and convenient return on investment with this fully-leased property. Current business with long term lease has been in place for many years with a triple net lease in place. Property consists of 2 buildings,12,800 sq fteach. Building 1 has a 1200 sq ft office area consisting of 3 offices and a restroom. Warehouse area for Bldg 1 is 18ft tall with lunchroom, bathroom/shower facilities, and an additional office area. Building 2 boasts 24 ft tall ceilings with an additional bathroom/shower area. Both buildings have truck loading areas in the rear of building and garage door access between buildings for ease of moving equipment back and forth between buildings. Seller will consider carrying note for the right terms. Adjacent property may be available for expansion in the future.Ask your agent for details.
    Exterior Features

    Building Type IndustrialManufacturing Construction Pre-Fab Exterior Metal Or Steel Land Info Additional Available Parking Description Parking LotPaved Asphalt Road Access City Street Road Frontage 282 Roof MetalPitched/Sloped Unit Location Industrial Area

    Interior Features

    Cooling Central-Electric Heating Forced Air Interior Walls Combo Miscellaneous 2+ LavatoriesLoading Docks

    Property Features

    Association Realtor Association Of Southwestern Illinois Building Fuel Electric Commercial Lease Type Triple Net Commercial Property Type Industrial Land Conditions Unknown Current Use Manufacturing Disclosures Limited Seller Discl Docs Avail At Office Leases Electric Service Other Gross Operating Income 162000.00 Lease Terms 3 Years Or Less Lot Size Source County Records Net Income 162000.00 Offering Installment SaleSale Possession Lease Out Stand Possible Buyer Fees YN No Potential Use Building Trades/ServManufacturingWholesale Operation Sale Includes Building & LandSubject To Lease Selling Terms Owner May Finance Sewer Public Special Description No Exemptions Special Listing Conditions None Tax Exempt 0 Tax Year 2018 Taxes Paid 16656 Total Expenses 0.00 Utilities Available ElectricGasWaterSewer Water Public Zoning IMP Industrial

    Listing provided courtesy of Re/Max Results Realty. Listing information © 2020 Mid America Regional Information Systems, Inc.
    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-03-28T23:48:40.06.

    Fusion Realty, LLC: 618.781.9170
     
    Fusion Realty, LLC
    One 157 Center
    Edwardsville IL, 62025