REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 6,200,000
Est. payment /mo
Active
2701 Center ST Granite City, IL 62040
3.17 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Hillmers Sub
MLS Listing ID 25063286
Year Built 1969
Lot Size 3.170 Acres
Acres 3.17
Property Description
Your opportunity to acquire a turnkey 64-unit income-producing multi-family portfolio in Granite City, Illinois.
This property offers a diverse mix of 64 residential units, including:
- One-bedroom / one-bathroom apartments – 24 Units (770 sq ft each unit)
- Two-bedroom / one-bathroom apartments – 24 Units (900 sq ft each unit)
- Two-bedroom / 1.5-bathroom townhomes – 16 Units (1050 sq ft each unit)
- One single-family home – 1200 sq ft
Property Highlights
- Unit Mix Variety: Appeals to a wide tenant base.
- Fully leased, delivering investors immediate income.
- Strong Cap Rate: At an impressive 8.29% cap rate, this asset offers competitive returns.
- Parking & Access: Assigned parking for tenants plus additional visitor spaces ensure ease of use for residents and guests.
-Onsite Laundry - 3 convenient coin-operated laundry facilities.
- Security & Privacy: The community is fully enclosed with a privacy fence and secured through a gated main entry with a guard shack, providing peace of mind for residents.
- Community Features: Multiple courtyard spaces / 2 blocks from Wilson Park, a 74-acre city park that has been in operation since 1921, serving as a cornerstone for community activities.
Offering includes parcel numbers - 22-2-20-07-19-402-014 - Buildings 1&2 , 22-2-20-18-07-201-012 -2681 Center St., 22-2-20-18-07-201-009 - 2702 Center St. (Single Family), 22-2-20-07-19-402-013 - 2706-2734 Center St - WILL NOT DIVIDE
This property offers a diverse mix of 64 residential units, including:
- One-bedroom / one-bathroom apartments – 24 Units (770 sq ft each unit)
- Two-bedroom / one-bathroom apartments – 24 Units (900 sq ft each unit)
- Two-bedroom / 1.5-bathroom townhomes – 16 Units (1050 sq ft each unit)
- One single-family home – 1200 sq ft
Property Highlights
- Unit Mix Variety: Appeals to a wide tenant base.
- Fully leased, delivering investors immediate income.
- Strong Cap Rate: At an impressive 8.29% cap rate, this asset offers competitive returns.
- Parking & Access: Assigned parking for tenants plus additional visitor spaces ensure ease of use for residents and guests.
-Onsite Laundry - 3 convenient coin-operated laundry facilities.
- Security & Privacy: The community is fully enclosed with a privacy fence and secured through a gated main entry with a guard shack, providing peace of mind for residents.
- Community Features: Multiple courtyard spaces / 2 blocks from Wilson Park, a 74-acre city park that has been in operation since 1921, serving as a cornerstone for community activities.
Offering includes parcel numbers - 22-2-20-07-19-402-014 - Buildings 1&2 , 22-2-20-18-07-201-012 -2681 Center St., 22-2-20-18-07-201-009 - 2702 Center St. (Single Family), 22-2-20-07-19-402-013 - 2706-2734 Center St - WILL NOT DIVIDE
Location
State IL
County Madison
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet, Luxury Vinyl, Vinyl
Fireplace N
Appliance Dishwasher, Microwave, Range, Refrigerator
Laundry In Basement, Multiple Locations, In Unit
Exterior
Fence Fenced, Gate, Perimeter, Privacy, Wood
Utilities Available Electricity Available
View Y/N No
Building
Water Public
Structure Type Brick
Others
Ownership Private
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
Listed by Sandie LaMantia • Berkshire Hathaway HomeServices Select Properties
