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613 E 5th St 2,400 SF 100% Leased Retail Building Metropolis, IL 62960 $450,000 ($187.50/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 an exceptional commercial investment opportunity in the heart of Metropolis, Illinois. Encompassing nearly an entire city block, this expansive property offers outstanding visibility with frontage along US Highway 45 (5th Street). Currently generating $1,800 per month from two separate leases, the property provides immediate cash flow while offering substantial upside through future development of the vacant land.
Strategically positioned in a community that attracts visitors year-round, this property benefits from Metropolis' strong tourism economy. Known worldwide as the "Home of Superman," Metropolis draws thousands of visitors annually to attractions including the Superman Statue, Superman Museum, and the popular Superman Celebration. The city also hosts numerous festivals and events throughout the year that bring consistent traffic to local businesses. In addition, nearby Harrah's Metropolis Casino & Hotel serves as a major regional destination, attracting guests from across the Midwest and generating additional consumer activity in the area.
Property highlights include:
• Located within an Enterprise Zone and proposed future TIF District, offering valuable financial incentives and potential tax benefits for future owners and developers.
• Two parcels with approximate dimensions of 280' x 150' and 360' x 166'.
• High daily traffic counts along US Highway 45, providing excellent exposure for commercial operations.
• Existing rental income with opportunities to increase revenue through additional development.
• Flexible redevelopment potential for retail, service, hospitality, mixed-use, or other commercial ventures.
• Convenient access to major transportation routes, downtown Metropolis, area tourism attractions, and regional amenities.
Whether you're an investor seeking income-producing property with development potential or a business owner looking for a highly visible location in a growing market, this versatile commercial property offers a rare combination of current income, strategic location, and long-term growth opportunities.
Strategically positioned in a community that attracts visitors year-round, this property benefits from Metropolis' strong tourism economy. Known worldwide as the "Home of Superman," Metropolis draws thousands of visitors annually to attractions including the Superman Statue, Superman Museum, and the popular Superman Celebration. The city also hosts numerous festivals and events throughout the year that bring consistent traffic to local businesses. In addition, nearby Harrah's Metropolis Casino & Hotel serves as a major regional destination, attracting guests from across the Midwest and generating additional consumer activity in the area.
Property highlights include:
• Located within an Enterprise Zone and proposed future TIF District, offering valuable financial incentives and potential tax benefits for future owners and developers.
• Two parcels with approximate dimensions of 280' x 150' and 360' x 166'.
• High daily traffic counts along US Highway 45, providing excellent exposure for commercial operations.
• Existing rental income with opportunities to increase revenue through additional development.
• Flexible redevelopment potential for retail, service, hospitality, mixed-use, or other commercial ventures.
• Convenient access to major transportation routes, downtown Metropolis, area tourism attractions, and regional amenities.
Whether you're an investor seeking income-producing property with development potential or a business owner looking for a highly visible location in a growing market, this versatile commercial property offers a rare combination of current income, strategic location, and long-term growth opportunities.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$21,600
|
$9.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$21,600
|
$9.00
|
| Taxes |
$6,000
|
$2.50
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$6,000
|
$2.50
|
| Net Operating Income |
$15,600
|
$6.50
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $21,600 |
| Annual Per SF | $9.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $21,600 |
| Annual Per SF | $9.00 |
| Taxes | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $2.50 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $2.50 |
| Net Operating Income | |
|---|---|
| Annual | $15,600 |
| Annual Per SF | $6.50 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built
1900
Price
$450,000
Price Per SF
$187.50
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
Amenities
- Corner Lot
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 08-01-386-003 | Total Assessment | $95,589 |
| Land Assessment | $53,105 | Annual Taxes | $6,000 ($2.50/SF) |
| Improvements Assessment | $42,484 | Tax Year | 2025 |
Property Taxes
Parcel Number
08-01-386-003
Land Assessment
$53,105
Improvements Assessment
$42,484
Total Assessment
$95,589
Annual Taxes
$6,000 ($2.50/SF)
Tax Year
2025
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613 E 5th St