631 W 3RD Centralia IL 62801

631 W 3RD Centralia IL 62801
$ 1,350,000
  • Date added: 09/28/22
  • Post Updated: 2022-09-29 08:39:12
  • Type:
  • Status:
  • MLS #: EB446006

Share this:

Courtesy of

  • Listing Office: COLDWELL BANKER ALLEN & GEARY

View on map / Neighborhood

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: Clinton
  • Directions to Property: 631 W 3rd: West Broadway to Brookside; south on Brookside to property on left.
  • Area/Tract: EBOR Area
  • Zoning: commercial
  • LOCATION: Neighborhood,Suburban

Property Details

  • Sale/Rent: For Sale
  • For Sale: Yes
  • For Lease: No
  • Total Bldg SqFt: 12684
  • Available SqFt: 25500
  • PROPERTY USE: Self/Mini-Storage

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: $ 7,723
  • MLS Participant Compensation (Sale): 2.4

Miscellaneous

  • POSSIBLE FINANCING: Cash,Conventional
  • Net Operating Income (IV): -7723

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.