13K+ SF Bldg for Sale/ 7K+ SF for Lease | Excellent Owner/User Op

502 W State St O'Fallon, IL 62269

502 W State St, O'Fallon, IL, 62269
502 W State St, O'Fallon, IL, 62269
Property Type:
Multi Tenant Office
Please Call Broker for Price

Last Verified:
Dec 11, 2018

Excellent Owner/User Investment Opportunity!

13,010 SF Retail/Office Building for Sale; 4,000 SF currently leased to a long term single tenant. Approximately 7,060 SF is available for Lease. Potentially three large spaces available or one large space with multiple entrances.  Tremendous parking!  One grade level overhead door. Bonus 0.17 acres of green space in rear.

Sale Price: $600,000
Lease Rate: $12.00 per SF, Gross

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.