500 S Main
Smithton, IL 62285

Description

New to the Market! This is an opportunity that doesn't come up often. This seven tenant retail center sits on the south end of Smithton. Built in the late 1980's the property has been well maintained through the years. Gross Income is $99,750 with Total Operating Expenses equaling $36,135. The center has 6 long terms tenants, 1 new health care tenant, 2 pylon signs, 1 monument sign and plenty of parking. Recent repairs and upgrades include roof repairs, one new HVAC unit and one upgraded HVAC unit. Gross Income:$99,950 Operating Expenses: Insurance: $4,783 Property Tax: $19,796 Repair and Maintenance: $5,106 Trash: $6,450 Total Expenses: $36,135 NOI: $63,615

Details

MLS#19021798
Sub-TypeResale
StatusActive
Year1989
Days On Site83

Features

SQ Feet11,834
Story(s)1
ZoningCommercial

Market Activity 62285

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Area Information

StateIL
CountySt Clair-IL
CitySmithton
Zip Code62285
Listing VS Median (in 62285)
Price:
$750,000
low | high
Med:
$80,000
100% of Average
SqFt:
11,834
low | high
Med:
0
100% of Average
$ / SqFt:
$63
low | high
Med:
$0
100% of Average
On Site:
83
low | high
Med:
121
68.595041322314% of Average
Listing Updated: 06/19/2019
MLS Number: 19021798
Listing Provided By:
Michael Sintzel  of  Ah Realty Advisors Llc