400 BroadwayAlton, IL 62002

For Sale
$540,000

Multi-tenant industrial building, excellent ROI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 6,213 square foot, single-story industrial building situated on a 6,213 square foot lot in Alton, Illinois (62002). The property, located at 400 E Broadway, is classified as Class C and boasts 100% occupancy with two tenants in a net lease arrangement. Each of the two units is priced at $270,000, totaling an asking price of $540,000, or $86.91 per square foot. Tenants are responsible for gas, electric, real estate taxes, insurance, and trash removal, with water paid directly by the tenants. The building itself is exceptionally well-maintained. An additional upper lot is included, providing ample employee parking. The property benefits from its location within a Tax Increment Financing (TIF) district. The building features a 9-foot ceiling height and has a Commercial zoning permit. The property's APN is 23-2-07-14-08-202-012. This is a rare opportunity to acquire a fully occupied, well-maintained industrial property with significant upside potential.

Highlights

  • 6,213 SF single-story industrial building on a 6,213 SF lot in Alton, IL (62002).
  • Class C building at 400 E Broadway with 100% occupancy, two net lease tenants.
  • Asking price: $540,000 ($86.91/SF); each unit priced at $270,000.
  • Tenants responsible for NNN expenses (gas, electric, taxes, insurance, trash); water paid by tenants.
  • Well-maintained building with additional upper lot for ample parking.
  • Located in a Tax Increment Financing (TIF) district; 9' ceiling height; Commercial zoning.

Property Details for 400 Broadway

Property type
Other land, Other industrial properties
Square Feet
6,213 SF
Class
C
Buildings
1
Stories
1
Units
2

Location Insight

City
Alton
County
Madison
State
Illinois
Latitude
38.8898105
Longitude
-90.1810579
400 Broadway, Alton, Illinois

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400 Broadway
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