Remarks

Great opportunity for a multi use facility in downtown Granite City close to Granite City Steel & Gateway Regional. Main level use is gym for "Tank Training" which is owner occupied. 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. Plenty of extra parking in rear of the building. The rear lots could also facilitate for a baseball, soccer or exterior volleyball sporting events. The property at 1906 on the west side of the building is being totally remodeled. Rubber Modified roof 2019. Existing elevator at this building was fully operational 10 years ago but could potentially be operational again. Upstairs unit is currently rented until 2027 for $7000 a yr. with lease rate increases to $8,000 in 2026. Seller has reserved the right to give lessee 60 days notice to vacate the premises. Gym equipment is negotiable! Seller is willing to stay & train for 6 mos. to a yr. with an acceptable offer!

Details

MLS#: 23073462
Price: $240,000

Style: Commercial & Indr.
Sq Ft: 17691.0
Year Built: 1940

County: Madison-IL
Subdivision: Granite City
Lot Size: 100 X 125
Tax Fee: 2240