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1908 State Street

Granite City, IL 62040
  • $250,000
  • STATUS: Active
  • ON SITE: 195 Days
  • ID#: 23073462
UPDATED: 85 min ago
$250,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 17,691
    SQFT
  • $14
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1940
County:

School Ratings & Info

Description

Great opportunity for a multi use facility in downtown Granite City close to Granite City Steel & Gateway Regional Hospital. Main level use is gym for "Tank Training". 2nd level leased until 2027 with a gross lease at $4,000 per year. Gym equipment has an approx. value of $200,000 new; actual resale value closer to $115,000. Gym & weight equipment can be inc. in sale. Property includes 3 vacant lots in rear on the south on Grand Ave. PP#22-2-19-24-12-202-050, 22-2-19-24-12-202-051 & 22-2-20-19-05-101-042. Tax on 3 lots in rear $119. This area woud be ideal for a large parking lot in order to enter from the rear of the building. Rubber Modified roof 2019. The rear lots could also facilitate potential for a baseball, soccer or exterior volleyball sporting events. This price does not include the 1906 State property MLS# 24024258 but it can be included for $290,000 with that property and includes the potential for 3 apartments to be finished & a small boutique on the end cap.

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Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-07-23T15:39:24.33.

Fusion Realty, LLC: 618.781.9170
www.fusionrealtyhomes.com/homes/146504350
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1908 State Street Granite City, IL 62040

  • Price: $250,000
  • Status: Active
  • On Site: 195 Days
  • Updated: 85 min ago
  • ID#: 23073462
0
Beds
0
Baths
0
½ Baths
0.29
Acres
17,691
SQFT
$14
$/SQFT
1940
Built
Neighborhood:
Granite City
County:
Madison
Property Description
Great opportunity for a multi use facility in downtown Granite City close to Granite City Steel & Gateway Regional Hospital. Main level use is gym for "Tank Training". 2nd level leased until 2027 with a gross lease at $4,000 per year. Gym equipment has an approx. value of $200,000 new; actual resale value closer to $115,000. Gym & weight equipment can be inc. in sale. Property includes 3 vacant lots in rear on the south on Grand Ave. PP#22-2-19-24-12-202-050, 22-2-19-24-12-202-051 & 22-2-20-19-05-101-042. Tax on 3 lots in rear $119. This area woud be ideal for a large parking lot in order to enter from the rear of the building. Rubber Modified roof 2019. The rear lots could also facilitate potential for a baseball, soccer or exterior volleyball sporting events. This price does not include the 1906 State property MLS# 24024258 but it can be included for $290,000 with that property and includes the potential for 3 apartments to be finished & a small boutique on the end cap.
Exterior Features

Attached Garage YN No Construction Materials Conventional Lot Size Dimensions 100 X 125 Lot Size Source County Records Parking Features ExpandableOtherParking Lot Road Frontage Type City Street Roof CompositionOther Unit Location CityDowntown

Interior Features

Above Grade Finished Area Source Other Building Square Footage 17691.00 Cooling Electric Heating Forced Air Heating YN Yes

Property Features

Association Southwestern Illinois Board of REALTORS Commercial Type Commercial LandOther Cross Street 20th St. Current Financing Cash OnlyConventional Current Use Two StoriesApartmentChurchMedical/DentalMixed UseStore FrontOfficeOther Disclosures UnknownNo Other Known Restr Documents Available Floor PlanLeases Electric 440 Volts Inclusions Building & LandBuilding OnlyPersonal PropertySome EquipmentSome FixturesSubject to Lease Miscellaneous 2+ LavatoriesKitchen FacilitiesWheelchair Access Net Operating Income 0 Possession Close Of Escrow Possible Use Place of WorshipFood StoreRestaurantMeeting HallOfficeOffice ShowroomProfessional ServiceSchool Property Sub Type Commercial & Indr. Sewer Public Sewer Special Listing Conditions OtherNone Tax Annual Amount 2156 Tax Year 2022 Transaction Type Sale Utilities Electricity AvailableGas to SiteWater AvailableSewer Available Water Source Public Zoning C-4 Central Business District

Listing provided courtesy of Re/Max Alliance: 6562111. Listing information © 2024 Mid America Regional Information Systems, Inc.
Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-07-23T15:39:24.33.

Fusion Realty, LLC: 618.781.9170
 
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