1 Plaza DrFairview Heights, IL 62208
High-yield retail redevelopment opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 93
Highlights
- $8,090,000 asking price for a value-add retail investment opportunity.
- 18.57-acre, 210,489 SF shopping center in Fairview Heights, IL, with 48% occupancy.
- Located in a strong regional trade area with public incentives (TIF District & Enterprise Zone).
- High visibility and accessibility from I-64 and Hwy 159 (120,000+ VPD), with over 1,200 ft of frontage.
- Positive cash flow with national tenants including Best Buy, Dollar Tree, City Trends, and David's Bridal.
- Tenured tenants, with Best Buy (30 years), Dollar Tree (22 years), and Citi Trends (14 years) representing 80% of in-place revenue.
Property Details for 1 Plaza Dr
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 210,489 SF
- Year Built
- 1987
- Lot Size (sq. ft)
- 808,909 SF
Location Insight
- City
- Fairview Heights
- County
- St. Clair
- State
- Illinois
- Latitude
- 38.598077644558
- Longitude
- -89.993055022963
Nearby Similar for Sale
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