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613 E 5th St 2,400 SF 100% Leased Retail Building Metropolis, IL 62960 $475,000 ($197.92/SF)
Investment Highlights
- High traffic counts and excellent visibility.
- Potential for additional development or reconfiguration.
- Strategic location near major highways and downtown amenities.
- Property offers immediate income with room for expansion on its spacious lot.
Executive Summary
Discover this expansive commercial property located on nearly an entire block with frontage on Hwy 45 (5th St), 6th St, Butler St, and Filmore St. Generating $1,800/month from two separate leases, the property offers immediate income with room for expansion on its spacious lot. Ideal for investors or owner-occupiers seeking high visibility and growth opportunities in a thriving commercial area. Key features include the following: Lot dimensions: 280x150 and 360x166 feet. High traffic counts and excellent visibility. Potential for additional development or reconfiguration. Strategic location near major highways and downtown amenities. Explore this opportunity today to secure a versatile commercial property with income and long-term investment potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built
1900
Price
$475,000
Price Per SF
$197.92
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
2.38 AC
Zoning
C - Commercial
Parking
15 Spaces (6.25 Spaces per 1,000 SF Leased)
Frontage
282’ on East 5th Street
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 08-01-386-003 | Improvements Assessment | $42,484 |
| Land Assessment | $53,105 | Total Assessment | $95,589 |
Property Taxes
Parcel Number
08-01-386-003
Land Assessment
$53,105
Improvements Assessment
$42,484
Total Assessment
$95,589
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613 E 5th St
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