1908 State Street, Granite City | IL 62040 - MLS # 23073462

1908 State Street Granite City, IL 62040

$295,000

1908 State Street Granite City, IL 62040

21950 Square Feet

Tax History: $2156 - 2022

Estimated Payment: $1,397 Per Month*

Based on a 30-year fixed rate of 5.88% with 20% down. [ Change ]

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Property Description

$295,000 , Located in GRANITE CITY, GRANITE CITY. ZIP Code: 62040

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. Potential to complete 4 apartments on the west side of the building or possible main level office or boutique space w/ 2 apartments up. Also a small lot on the west side of bldg is included. 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, 22-2-19-24-12-202-204, 22-2-19-24-12-202-005. Tax on 3 lots in rear $119. Rubber Modified roof 2019. Property has unlimited potential for a baseball, soccer or volleyball sports facility. This price includes the 1906 State property MLS# 24024258 but it can be purchase for $250,000 without that!

This property is located on 0.287 Acre(s).

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MLS#: 23073462
Listing ID: 43563
Updated: 117 days ago
Days on site: 117 days

Listing provided by

Jim Reppell

RE/MAX Alliance

* The Estimated Payment is offered as a tool for your convenience and is not an offer of credit. Actual mortgage rates and fees vary depending on your lender. Please check with your local lender for accurate mortgage rate information.

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