220 W BROADWAY Centralia IL 62801

220 W BROADWAY Centralia IL 62801
$ 1,350,000
  • Date added: 09/28/22
  • Post Updated: 2022-09-29 08:41:13
  • Type:
  • Status:
  • MLS #: EB446007

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  • Listing Office: COLDWELL BANKER ALLEN & GEARY

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Description

Extremely hot market! 97% occupancy rate. 7.2% CAP rate. Two excellent locations within blocks of each other. Larger location has an additional 25,500 sq ft adjoining space (107 ft road frontage, visible from highway 161/the busiest intersection in Centralia) for further expansion. Both locations are located in Centralia, IL, 1 hour east of St. Louis, MO. The two sites have a total of 153 units. The 631 W 3rd St location is fully paved and has (24) 5×10 units, (74) 10×10 units, & (12) 10×20 units totaling 11,000 sq ft storage capacity within 6 buildings. This site has an additional 25,500 sq ft adjoining space for further expansion & new high quality Johnson Controls security system. The 220 W Broadway location is comprised of 2 buildings with multiple size units & is also fully paved. There are (11) 5×10 units, (24) 10×10 units, (3) 10×15 units, & (5) 10×20 units at this location with a total of 4,400 sq ft total storage capacity.

Location Details

  • County: Marion
  • Directions to Property: W Broadway to property 1/2 block east of S Hickory
  • Area/Tract: EBOR Area
  • Zoning: commercial
  • LOCATION: Neighborhood,Suburban

Property Details

  • Sale/Rent: For Sale
  • For Sale: Yes
  • For Lease: No
  • Total Bldg SqFt: 4440
  • Available SqFt: 4440

Property Features

  • FRONTAGE/ACCESS: City Street
  • HEATING: None
  • COOLING: None
  • WALL CONSTRUCTION: Steel/ST Fram
  • FLOORING: Concrete
  • ROOF CONSTRUCTION: Metal
  • EXTERIOR FINISH: Steel
  • SEWER SOURCE: None
  • BUILDING DESCRIPTION: 1 Story
  • WATER SUPPLY: None

Fees & Taxes

  • Tax Year: 2021
  • Annual Taxes: $ 2,103
  • MLS Participant Compensation (Sale): 2.4

Miscellaneous

  • POSSIBLE FINANCING: Cash,Conventional
  • Net Operating Income (IV): -2103

This style property is located in Centralia is currently and has been listed on Somer Real Estate. This property is listed at $ 1,350,000. It has bedrooms, bathrooms, and is . The property was built in year.