3.5 Acre Commercial Development Site 41 E MacArthur Dr

41 E MacArthur Dr , Cottage Hills, Illinois, 62018 | 10,000 sq.f | $ 2,596,000

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About This Restaurant

Investment Highlights

Executive Summary

Excellent opportunity for multi-use, 3.5 acre property zoned general commercial with over 40,000 VPD traffic count daily and great visibility from I-255 in business friendly Bethalto, IL. This property is in the RIVERBEND ENTERPRISE ZONE. This property is near the St. Louis Regional Airport, and already has a preliminary site survey to include plans for possible hotel, restaurants and convenience store. Past use of the building was for industrial manufacturing. Seller financing available with a 3-5 term contingent upon buyer and seller agreement of terms. OWNER WILL DEMOLITION OF THE EXISTING STRUCTURE AT OWNERS EXPENSE UPON ACCEPTED SALES CONTRACT. Bring your business ideas to life with this space.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Freestanding Restaurant
  • Building Size    10,000
  • Building Class    B
  • Year Built    1995
  • Price    2,596,000
  • Price Per SF    260
  • Cap Rate    7
  • NOI    181,700
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.23
  • Land Acres    1.02 AC

Amenities

  • Bus Line

Property Taxes

Parcel Number 192081111201036 19-2-08-11-11-201-024.001 19-2-08-11-11-201-025 19-2-08-11-11-201-02 Improvements Assessment $28,690
Land Assessment $59,990 Total Assessment $88,680
Date Created: 2024-07-16 04:13:38 Last Updated: 2024-07-16 04:13:38
Address: 41 E MacArthur Dr , Cottage Hills, Illinois, 62018