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5 Ludwig Dr
Fairview Heights, IL 62208
 HSHS Medical Group · Retail Property For Sale

Retail Buildings Illinois Fairview Heights 5 Ludwig Dr, Fairview Heights, IL 62208

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INVESTMENT HIGHLIGHTS

  • Corporate Guarantee | Investment Grade Tenant (S&P: A+)
  • Recent Lease Extension | 11+ Year Operating History
  • Recent Capital Improvements | New Roof Installed 2020
  • Exceptionally Rare 4% Annual Rent Increases
  • Recession & E-Commerce Resistant Tenant | Essential Business
  • Nonprofit Stability

EXECUTIVE SUMMARY

HSHS Medical Group - Fairview Heights, IL | 4% Annual Rent Increases | Corporate Guarantee

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,080 SF
Building Class
B
Year Built/Renovated
1992/2002
Price
$1,255,500
Price Per SF
$247.15
Cap Rate
7.40%
NOI
$92,907
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.26 AC
Zoning
C1
Parking
30 Spaces (5.91 Spaces per 1,000 SF Leased)
Frontage
159’ on Ludwig Dr

AMENITIES

  • Signage

PROPERTY TAXES

Parcel Number 03-21.0-400-014 Improvements Assessment $136,319
Land Assessment $124,346 Total Assessment $260,665

PROPERTY TAXES

Parcel Number
03-21.0-400-014
Land Assessment
$124,346
Improvements Assessment
$136,319
Total Assessment
$260,665
 

  • Listing ID: 34673864

  • Date on Market: 1/31/2025

  • Last Updated:

  • Address: 5 Ludwig Dr, Fairview Heights, IL 62208

More public record information on 5 Ludwig Dr, Fairview Heights, IL 62208

The Retail Property at 5 Ludwig Dr, Fairview Heights, IL 62208 is currently available for Sale. Contact Echo West Capital Advisors for more information.

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