Great opportunity for a multi use facility in downtown Granite City close to Granite City Steel & Gateway Regional Hospital. Main level use is gym for "Tank Training". 2nd level leased until 2027 with a gross lease at $4,000 per year. Gym equipment has an approx. value of $200,000 new; actual resale value closer to $115,000. Gym & weight equipment can be inc. in sale. Property includes 3 vacant lots in rear on the south on Grand Ave. PP#22-2-19-24-12-202-050, 22-2-19-24-12-202-051 & 22-2-20-19-05-101-042. Tax on 3 lots in rear $119. This area woud be ideal for a large parking lot in order to enter from the rear of the building. Rubber Modified roof 2019. The rear lots could also facilitate potential for a baseball, soccer or exterior volleyball sporting events. This price does not include the 1906 State property MLS# 24024258 but it can be included for $280,000 with that property and includes the potential for 3 apartments to be finished & a small boutique on the end cap.
Listed by Re/Max Alliance, Jim Reppell & Julie Fleck
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1908 State Street (MLS #23073462) is a commercial listing located in Granite City, IL.
This commercial listing is 17,691 sqft and on a lot of 12,502 sqft (or 0.29 acres) and is 84 years old. This property was listed on 01/09/2024 and has been priced for sale at $250,000.
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Listing information courtesy of: Re/Max Alliance
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