Now for Sale OR Lease! Value Add - Owner/User Automotive / Retail Complex | Fairview Hghts, IL (St. Louis MSA - Metro East)

5605 N Illinois St Fairview Heights, IL 62208

5605 N Illinois St, Fairview Heights, IL, 62208
5605 N Illinois St, Fairview Heights, IL, 62208
FOR SALE FOR LEASE
Property Type:
Service Center
FOR SALE
Last Verified:
Mar 15, 2019

Automotive / Retail Complex | Owner/User - Value Add

8,789 SF Value Add Automotive / Retail Complex Available For Sale. 6,289 Total SF Available for Lease. Lease space consists of 5,265 SF Turn-Key Automotive shop fronting IL Route 159 and a 1,024 SF Warehouse / Storage Building. 2,500 SF Retail Shop currently leased, but could be come available if a larger contiguous space is required for a user. Property is a highly visible location off of IL Route 159, Easy access to I-64, Exit 12.

Lease: $3,500 – $1,000 per Month, NNN
Sale Price: $785,000


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Map of 5605 N Illinois St, Fairview Heights, IL, 62208

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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.