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2047 E 5th St
Metropolis, IL 62960
Retail Property For Sale
Investment Highlights
- Located at Exit 37 of Interstate 24 at Metropolis IL with a daily traffic count of almost 13,000
- Property is located in an Enterprise Zone, TIF District, Business District and future Opportunity Zone with numerous financial incentives available.
- Metropolis, known as the "Home of Superman", has several tourist attractions that bring thousands of visitors to town each year
Executive Summary
Strategically positioned at Exit 37 of Interstate 24 and along U.S. Highway 45 in Metropolis, Illinois, this property offers exceptional visibility and access, with an average daily traffic count of approximately 12,800 vehicles. This prime commercial location is ideally suited for a restaurant, bar and grill, or a variety of hospitality and service-oriented businesses. The property features a 2,550-square-foot building, formerly operated as a Pizza Hut, situated on nearly one acre with ample parking. The interior layout is efficiently designed, with approximately half the space dedicated to dining space-including a front atrium-and the remainder configured for kitchen operations. Additional amenities include a drive-thru window, walk-in cooler and freezer, oven hood and two restrooms. Located within a Tax Increment Financing (TIF) District, Business District, and Enterprise Zone, plus potential eligibility for a Business Improvement Grant and potential sales tax reimbursement through the City of Metropolis. These programs could offer significant financial benefits to the new owner. While previously utilized as a restaurant, the building and its high-traffic location provide flexibility for a wide range of commercial uses whether you're establishing a new business or expanding a current one.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,096 SF
Year Built
1990
Price
$299,900
Price Per SF
$96.87
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.97 AC
Zoning
C-3
Frontage
210’ on US Highway 45
Property Taxes
| Parcel Number | 06-32-300-016 | Improvements Assessment | $44,980 |
| Land Assessment | $32,123 | Total Assessment | $77,103 |
Property Taxes
Parcel Number
06-32-300-016
Land Assessment
$32,123
Improvements Assessment
$44,980
Total Assessment
$77,103
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