4510 N Illinois St
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4510 N Illinois St
6,000 SF 75% Leased Retail Building Swansea, IL 62226 $1,200,000 ($200/SF)
Investment Highlights
- Location: Entry off of State Route 159
- Surrounded by National and Local businesses
- 2 miles to Interstate 64
Executive Summary
6,000 SF Retail/Office building and .96+/- Acre listed for $950,000.
Additional 1.51 Acres of developed land for $250,000. (1.51+/- acres can be divided from the total acreage and sold separately). 1.51 Acre lot has underground utilities already existing.
Access to property via State Route 159 and Smelting Works Road.
Average daily traffic count 22,000
1.52 Acre lot approved for 13,500SF addition
Signage along 159
Real Estate Taxes for 2023 = $17,008.00
New development in the area includes Sparkle Express Car Wash and Newly constructed Hucks Convenient Store.
Miller Music will continue to lease if buyer chooses to lease as an investment property.
All non-conforming suggested uses must be approved by Swansea IL zoning.
Additional 1.51 Acres of developed land for $250,000. (1.51+/- acres can be divided from the total acreage and sold separately). 1.51 Acre lot has underground utilities already existing.
Access to property via State Route 159 and Smelting Works Road.
Average daily traffic count 22,000
1.52 Acre lot approved for 13,500SF addition
Signage along 159
Real Estate Taxes for 2023 = $17,008.00
New development in the area includes Sparkle Express Car Wash and Newly constructed Hucks Convenient Store.
Miller Music will continue to lease if buyer chooses to lease as an investment property.
All non-conforming suggested uses must be approved by Swansea IL zoning.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
B
Year Built
2003
Price
$1,200,000
Price Per SF
$200
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
2.47 AC
Zoning
HB - Commercial Highway Business
Parking
30 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
95 FT on Smelting Works Rd
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 08-03.0-100-051 | Total Assessment | $209,598 |
| Land Assessment | $33,510 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $176,088 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
08-03.0-100-051
Land Assessment
$33,510
Improvements Assessment
$176,088
Total Assessment
$209,598
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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4510 N Illinois St
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