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331 Salem Pl
Fairview Heights, IL 62208
Executive Plaza II · Office Property For Sale
Investment Highlights
- Positioned in a high-growth commercial corridor with direct interstate access
- Professionally managed with flexible suite configurations
- Surrounded by national retailers, restaurants, and service providers
- Minutes from Downtown St. Louis and Lambert International Airport
Executive Summary
Fairview Executive Plaza II offers a compelling opportunity for investors or owner-users seeking a well-positioned office asset in the heart of Fairview Heights’ thriving business corridor. This ±31,116 SF Class B+ office building is strategically located with immediate access to I-64 and Route 159, placing it within minutes of Downtown St. Louis and Lambert International Airport. The property benefits from exceptional visibility to over 78,800 vehicles per day on I-64 and is surrounded by a vibrant mix of restaurants, retail, and service amenities.
The building’s layout supports a range of tenant sizes, making it ideal for multi-tenant investment or a corporate headquarters. Its proximity to major commercial centers such as St. Clair Square, Sam’s Club, and Academy Sports enhances its appeal to professional service firms and regional operators. With a strong regional demographic and business-friendly environment, Fairview Heights continues to attract growth and investment, making this asset a strategic acquisition in a dynamic submarket.
The building’s layout supports a range of tenant sizes, making it ideal for multi-tenant investment or a corporate headquarters. Its proximity to major commercial centers such as St. Clair Square, Sam’s Club, and Academy Sports enhances its appeal to professional service firms and regional operators. With a strong regional demographic and business-friendly environment, Fairview Heights continues to attract growth and investment, making this asset a strategic acquisition in a dynamic submarket.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
31,116 SF
Building Class
B
Year Built/Renovated
1986/2000
Price
$5,100,000
Price Per SF
$163.90
Percent Leased
67%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,558 SF
Slab To Slab
14’
Building FAR
0.45
Lot Size
1.58 AC
Zoning
C2
Parking
132 Spaces (4.25 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Property Manager on Site
- Signage
Property Taxes
| Parcel Number | 03-27.0-100-046 | Improvements Assessment | $940,758 |
| Land Assessment | $89,612 | Total Assessment | $1,030,370 |
Property Taxes
Parcel Number
03-27.0-100-046
Land Assessment
$89,612
Improvements Assessment
$940,758
Total Assessment
$1,030,370
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