1-125 Plaza Dr | Fairview Heights, IL 62208
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- LoopNet Team
1-125 Plaza Dr
Fairview Heights, IL 62208
Marketplace · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Marketplace Shopping Center has a long history of success with occupancy and NOI averaging 82% and $1,009,489 respectively over the last 7-Years
- The property currently sits within a TIF District & Enterprise Zone with a municipality that is motivated to participate in the redevelopment of the p
- Highway Visibility - Marketplace Shopping Center benefits from prominent exposure to traffic on Hwy 64, which carries roughly 73,000 VPD.
- Provides a rare redevelopment opportunity of a highly infill large contiguous property located in a top regional trade area.
- Expansive Regional Trade Area - 4.7 million square feet of retail currently 93% leased and is home to the MSA’s 3rd highest performing regional mall
- Real Estate Tax Appeal - Marketplace Shopping Center currently has a “Fair Market Value” of $9,206,758”.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
210,487 SF
Building Class
B
Year Built/Renovated
1987/2002
Percent Leased
62%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
19.09 AC
Zoning
C-1 - General Commercial
Parking
981 Spaces (4.66 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Freeway Visibility
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,719,974 | |
| Land Assessment | $1,060,305 | Total Assessment | $2,780,279 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,060,305
Improvements Assessment
$1,719,974
Total Assessment
$2,780,279
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MATTERPORT 3D EXTERIOR
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