5036 Illinois StFairview Heights, IL 62208

This 4,000 square foot Class B office building, located at 5036 N Illinois St, Fairview Heights, IL 62208, is offered for sale at $525,000 ($131.25/SF). The property, built in 2010 and renovated in 2022, features a multi-tenant occupancy currently at 50%, with both tenants holding leases extending into 2028. The building is zoned B-3 Community Business and boasts a strong net operating income (NOI) of $48,539, representing a 9.25% capitalization rate. Recent improvements include exterior Rhino Shield paint. Situated within Lakeview Commons Professional Park, between Frank Scott Parkway and US Highway 50, the property offers convenient access to Interstate 64 (approximately 1.5 miles). An agreement is in place for repaving and sealing of the shared parking lot. The property's APN is 03-34.0-311-002. This is a great opportunity for investors seeking a stable, income-producing asset in a desirable location. The building is suitable for medical and traditional office uses. Financial details are available upon request.