632 Main StCreve Coeur, IL 61610

For Sale
$457,741

High-yield medical office, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
92
This stabilized Class B medical office building in Creve Coeur, IL presents a compelling investment opportunity. Located at 632 S. Main Street, this 2,740 square foot property sits on a 3.82-acre lot and boasts a 9% cap rate. Currently 100% occupied under a modified, single-tenant lease with rent bumps extending through November 2029, this property offers significant income potential. Built in 1991, the building underwent renovations in 2019 (new carpets) and 2016 (new roof). Features include a reception/waiting area, six exam rooms, three private offices, a conference room, a break room with kitchenette, and ample paved parking. The property is ADA accessible and enjoys excellent accessibility due to its proximity to I-474, serving the communities of Pekin, Peoria, and East Peoria. The asking price is $457,741, representing a price per square foot of $167.06. This property is ideal for investors seeking a stable, high-return investment in a desirable location. The building has two HVAC units.

Highlights

  • Recently renewed lease expiring December 2029.
  • Reception/waiting area.
  • Six exam rooms.
  • Three private offices and a conference room.
  • Break room with kitchenette.
  • ADA compliant.

Property Details for 632 Main St

Property type
Other office properties, Medical offices
Square Feet
2,740 SF
Class
B
Year Built
1991
Lot Size (sq. ft)
166,399 SF

Location Insight

City
Creve Coeur
County
Tazewell
State
Illinois
Latitude
40.636833923272
Longitude
-89.608094050389
632 Main St, Creve Coeur, Illinois

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632 Main St
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