Property for Sale: 1908 State Street, Granite City, IL 62040

17,691 sqft
$250,000
$250,000
1908 State Street, Granite City, IL 62040
17,691 sqft
$250,000
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Price:
$250,000
$45,000 - 05/15/2024
Est. payment: Skip to Mortgage Calculator

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Type Commercial
Square Footage 17,691 sqft
Lot Size 0.29 acres
Year Built 1940
Taxes Paid $2,156
City Granite City
County Madison-IL
Subdivision Granite City
MLS 23073462
Status Active
DOM 170 days
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. 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. Tax on 3 lots in rear $119. This area woud be ideal for a large parking lot in order to enter from the rear of the building. Rubber Modified roof 2019. The rear lots could also facilitate potential for a baseball, soccer or exterior volleyball sporting events. This price does not include the 1906 State property MLS# 24024258 but it can be included for $290,000 with that property and includes the potential for 3 apartments to be finished & a small boutique on the end cap.

Room Features

Misc Description 2+ Lavatories, Kitchen Facilities, Wheelchair Access

Lot & Building Features

Construction Conventional
Cooling Electric
Heating Forced Air
Parking Description Expandable, Parking Lot, Other
Sewer Public Sewer
Tax Year 2022
Water Public
Lot Dimensions 100 X 125 ft

Price History of 1908 State Street, Granite City, IL

Date Name Price Difference
05/15/2024 Price Adjustment $250,000 15.25%
04/02/2024 Price Adjustment $295,000 1.67%
01/09/2024 Listing Price $300,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$199,000
$37 / sqft
Average
$199,000
$37 / sqft
High
$199,000
$37 / sqft
Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Granite City 62040 0 0.0 $250,000 17,691 $14 N/A
2021 Johnson Road Granite City 62040 0 0.0 $199,000 5,400 $37 07/24/2023

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Map of 1908 State Street, Granite City, IL

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Inquire about this property

Photo of Maureen Dimmitt
Direct: 314-808-5778
Office
5494 Brown Rd Ste 113
Hazelwood, MO 63042
314-830-7289
Listed by Re/Max Alliance, Jim Reppell & Julie Fleck
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0.8624%
6.75%
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1908 State Street (MLS #23073462) is a commercial listing located in Granite City, IL. This commercial listing is on a lot of 12,502 sqft (or 0.29 acres) and is 84 years old. This property was listed on 01/09/2024 and has been priced for sale at $250,000.

The commercial listing at 2021 Johnson Road in Granite City is nearby and sold for $199,000 on 07/24/2023.

Nearby zip codes are 62060, 62090, 62404, 63107 and 63147. This property neighbors other cities such as Grant City, Madison, Pontoon Beach, St Louis and Venice.

Maris

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Listing information courtesy of: Re/Max Alliance

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