1908 State Granite City IL 62040

$295,000.00 Granite City, IL 62040
  • 0.29 Acres
  • Madison County


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.

Key Features

  • Property Type Commercial
  • Acres 0.29 Acres
  • Minerals Call for more info
  • MLS # 23073462

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