Fully Renovated Office/Retail Storefronts | 2 Suites Remaining | 1,200 - 2,200 SF | O'Fallon, IL Historic District

105-109 E 1st St O'Fallon, IL 62269

105-109 E 1st St, O'Fallon, IL, 62269
105-109 E 1st St, O'Fallon, IL, 62269
FOR LEASE
Property Type:
Street Retail
Last Verified:
Oct 11, 2018

Fully Renovated Storefronts

Be a part of the growing Downtown O’Fallon Community! Store fronts are completely remodeled from top to bottom with 14′-16′ ceilings, original exposed brick and fully updated mechanicals throughout. Building has been a part of the O’Fallon community for over 100 years. Tenants responsible for utilities. Suite 109 comes with a 1,000 SF garage that can be converted into separate office / conference room space. Whitebox delivery for all spaces. Tenant Improvements will determine actual lease rates.

Lease Rate: $16.00-$18.00 per SF, Modified 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.