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4510 N Illinois St 6,000 SF 75% Leased Retail Building Swansea, IL 62226 $980,000 ($163.33/SF) 2.82% Cap Rate
Investment Highlights
- Existing Income-Producing Asset 6,000 SF retail center Four multi-tenant suites Established commercial location Diversified tenant opportunities
- Prime Visibility Frontage on Illinois Route 159 Approximately 95 feet of frontage on Smelting Works Road Monument and building signage opportunities
- Located within a dense retail and residential trade area
- Development Upside Additional land included Approved for up to nine additional units Opportunity to increase leasable square footage
- Strategic Location Approximately 2 miles from Interstate 64 Convenient access to Belleville, O'Fallon, Shiloh, and Fairview Heights
- Flexible Investment Potential Hold as a stabilized income-producing asset Develop approved expansion parcel Owner-user opportunity
Executive Summary
Located on approximately 2.28 acres along highly visible Illinois Route 159, the property features a 6,000 SF multi-tenant retail center plus an additional parcel approved for future development. Investors have the opportunity to acquire an established retail asset while capitalizing on the ability to expand and increase future income.
The existing building consists of four 1,500 SF suites and is positioned to serve a variety of retail, office, medical, and service-oriented tenants. Strong visibility, easy access, ample parking, and proximity to Interstate 64 make this an attractive location for both tenants and investors.
Unit #7 in Millstone Plaza is for also for lease.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Unit #7 in Millstone Plaza is for lease. At 1,500 sqft with a Gross Lease, your business will benefit from Signage on Highway 159 and Smelting Works with access right off Frank Scott Plaza. Call the Listing Agent to schedule your Showing time. Millstone Plaza is on the market with a 6,000 sqft Building, (4 - 1,500 sqft units) on .96 acres and an additional developed lot on 1.51 acres approved for an additional 9 units. Millstone Plaza signage is on the 95' Frontage on Smelting Works as well as Permanent Signage on Route 159. Building and Lot are listed together however; Seller is willing to split the Building and Developed Lo
| Space | Size | Space Use | Position | Available |
| 7 | 1,500 SF | Office/Retail | - | 30 Days |
7
| Size |
| 1,500 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 30 Days |
7
| Size | 1,500 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | 30 Days |
Unit #7 in Millstone Plaza is for lease. At 1,500 sqft with a Gross Lease, your business will benefit from Signage on Highway 159 and Smelting Works with access right off Frank Scott Plaza. Call the Listing Agent to schedule your Showing time. Millstone Plaza is on the market with a 6,000 sqft Building, (4 - 1,500 sqft units) on .96 acres and an additional developed lot on 1.51 acres approved for an additional 9 units. Millstone Plaza signage is on the 95' Frontage on Smelting Works as well as Permanent Signage on Route 159. Building and Lot are listed together however; Seller is willing to split the Building and Developed Lo
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-03.0-100-051 | Total Assessment | $212,532 (2024) |
| Land Assessment | $33,979 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $178,553 (2024) | Tax Year | 2025 |
Property Taxes
Contact the Sale Advisor
4510 N Illinois St