First State Bank Building

Highlights

• Great owner-user or value-add opportunity at 15.29% cap pro-forma
• Stand-alone single-story building with 4,631 SF move-in ready bank facility and 4200 SF, unfinished and ready to be built out
• One of 5 units occupied by an insurance agency paying $7 PSF NNN until November 30, 2029
• Prime location - right off State Route 159 with excellent visibility
• Located a 25-minute drive to Downtown St. Louis, 5 minutes to downtown Belleville, 1.8 miles to the public square & less than one mile from IR-15
• The exquisite interior of the full-service bank facility is complete with class A finishes
• High traffic counts - over 8,150 cars pass daily along State Route 159 & Fahey Pl
• Convenient and ample parking with effortless access to each tenant suite
• Prominent signage with digital message center on IR 159 along with exterior signage at each tenant suite
• Stable economy supported by government jobs, growing population and high income area
• Variety of uses: bank, medical, professional services, daycare, fast-food restaurant and retail
• Low St. Clair County real estate taxes
• Offered at below appraised value - don't miss this rare opportunity

Description

Golden Group Real Estate is proud to present architecturally attractive and well-managed 12,000 SF office property, known as the First State Bank Building. Located at the juncture of IR 159 and IR 15, the property is in a 25-minute drive to Downtown St. Louis, within 5 minutes to downtown Belleville & less than one mile from IR-15. With population of 42,000 Belleville is the most-populated city in Southern Illinois and in the Metro East region of Greater St. Louis. Due to its proximity to Scott Air Force Base, the population receives a boost from military and federal civilian personnel, defense contractors, and military retirees. The average household income sits at $87,306, within one-mile radius of the property, and is projected to remain steady. Recently vacated bank has invested 1.5 million dollars on the interior build-out to include beautiful class A finishes. This is an excellent value-add or owner-user opportunity at 16% occupancy with potential to be at 15.29%. One of the units is occupied by NNN tenant Lutz Insurance Agency which recently renewed its lease until November 30, 2029. The remaining 10,140 SF space can be combined for an owner-user or divided into 2, 3, 4, or 5 units to rent out as separate offices. The property enjoys ample parking, excellent visibility and high traffic counts. Appraised just for the real estate value alone at $1,660,000 in 2007, this property is offered at a deep discounted price.

2100 South Illinois Street is a well-managed office building south of the Public Square in Belleville, Illinois. Situated directly on State Route 159, this single-story office presents unmatched visibility and an exceptional signage opportunity.