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1908 State Street Granite City, IL 62040

$295,000

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. Astro turf located in several areas along with extra lots for outdoor training as well! Total 21,950 Sq Ft.

This property is located on 0.287 Acre(s).

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2050 Edwardsville Rd Madison, IL 0.90 miles

Main Features:

Approximate lot size is 0 Acre(s)

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MLS#: 23073462
Listing ID: 43563
Updated: 1 day ago
Days on site: 113 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.

Note: Broker may not have reviewed or approved listing. All information that is provided by the listing agent/broker is deemed reliable but it is not guaranteed and should always be independently verified.

The multiple listing information is provided by Southwestern Illinois Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listing and each individual listings are © 2024 Southwestern Illinois Regional Multiple Listing Service, Inc.. All Rights Reserved.

The information provided is for consumers' personal, non-commercial user and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.