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Vacant-User

Auction - Former Long John Silver's – 18K VPD | St. Louis MSA

218 Lincoln Hwy, Fairview Heights, IL 62208

Listing Price: $1

Gross SF
2,928
Rentable SF
2,928
Lot Size
1.07 acres
Year Built
1977

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail/QSR building located at 218 Lincoln Highway in Fairview Heights, St. Clair County, Illinois (the “Property”). Located in the St. Louis MSA within a retail mecca, the Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. FIRST BID MEETS RESERVE!

Built in 1977, the Property is comprised of a one-story, free-standing restaurant building totaling ±2,928 square feet. Positioned on ±1.071 acres of land, the Property offers prime frontage on Lincoln Highway (±18,414 VPD), excellent visibility and 46 total parking spaces. The Property has a WalkScore® of 62, Somewhat Walkable, a Transit Score® of 33, Some Transit, and is easily accessible via one curb cut along the south side of E. Lincoln Highway and two curb cuts along the west side of Judy Lane. The Property was formerly occupied by Long John Silver’s on a triple net lease and offers potential investors the ability to acquire a free-standing retail building with significant value add through lease up at long term market rates (CoStar estimated retail rents of $16-20 NNN). Inclusive in this offering is a detached, one-story, ±826 SF building located in the rear of the Property. The Property is zoned PB, Planned Business district, and offers favorable flexible zoning allowing for a variety of commercial uses via adaptive reuse or repositioning.

This former Long John Silver's is situated on a corner parcel along the south side of Lincoln Highway just west of the heavily trafficked N Illinois Street (±25,785 VPD), in the city of Fairview Heights, St. Clair County, Illinois. The Property offers excellent accessibility to the greater area and is strategically located near the intersection of I-64 (90,000 combined VPD) and Hwy 159/Illinois Street (40,000 VPD). With over 3 million square feet of retail, Fairview Heights is dubbed the ‘Retail Hub’ of Southern Illinois. It is home to a Super Regional Mall and 7 shopping centers, over 100 restaurants, and 8 hotels/motels. Positioned ±15-minutes from St. Louis, I-64 straddles the city and has traffic counts at Exit 12 of nearly 75,000 cars a day. The Property is surrounded by a plethora of investment grade and national retailers and benefits from the 750,000 SF, St. Clair Square Super Regional Mall strategically positioned across from the Property which welcomed more than 4 million visitors in 2023. The Property is positioned less than 1-minute of I-64’s Exit 12, one of the primary highways in the area which provides connectivity to nearby cities and regions. Along with its convenient proximity to Scott Air Force Base, Fairview Heights has positioned itself as the popular go-to for retail and tourism for all Southern Illinois. The Property is located in an extremely dense area that serves ±36,528 people within the immediate 3-mile area and ±119,238 individuals with an AHHI of ±$101,272 within an expanded 5-mile area.

Investment Highlights

  • ABSOLUTE $1 AUCTION | AUCTION MAY 13-15, 2024
  • 2,928 SF Freestanding, Value-Add Retail (Former Long John Silver's) Available at a Substantial Discount Below Replacement Cost
  • Strong Retail Corridor including Regional Mall, Walmart, Aldi, Lowe's, Kohl's, McDonald's, Chick-fil-A, Wendy's, Burger King, McAlister's, and more
  • Direct Frontage on Lincoln Highway with Traffic Counts of 18,414 VPD and Near N Illinois Street with ±25K VPD
  • Zoned PB, Planned Business and Suitable for a Variety of Uses including Retail and Restaurant
  • Strategic Positioning on Corner Parcel Across from St. Clair Square Regional Mall with 4.3M Annual Visitors
  • Attractive Demographics with 5-Mile Population of ±119,238 Individuals and Annual Household Income of ±$101,272
  • Offering Includes Additional 826 SF Building at Rear of Property (Not Included in Square Footage)

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Vacant-User

Auction - Former Long John Silver's – 18K VPD | St. Louis MSA

Listing Price: $1

Gross SF
2,928
Rentable SF
2,928
Lot Size
1.07 acres
Year Built
1977

Investment Highlights

  • ABSOLUTE $1 AUCTION | AUCTION MAY 13-15, 2024
  • 2,928 SF Freestanding, Value-Add Retail (Former Long John Silver's) Available at a Substantial Discount Below Replacement Cost
  • Strong Retail Corridor including Regional Mall, Walmart, Aldi, Lowe's, Kohl's, McDonald's, Chick-fil-A, Wendy's, Burger King, McAlister's, and more
  • Direct Frontage on Lincoln Highway with Traffic Counts of 18,414 VPD and Near N Illinois Street with ±25K VPD
  • Zoned PB, Planned Business and Suitable for a Variety of Uses including Retail and Restaurant
  • Strategic Positioning on Corner Parcel Across from St. Clair Square Regional Mall with 4.3M Annual Visitors
  • Attractive Demographics with 5-Mile Population of ±119,238 Individuals and Annual Household Income of ±$101,272
  • Offering Includes Additional 826 SF Building at Rear of Property (Not Included in Square Footage)

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail/QSR building located at 218 Lincoln Highway in Fairview Heights, St. Clair County, Illinois (the “Property”). Located in the St. Louis MSA within a retail mecca, the Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. FIRST BID MEETS RESERVE! Built in 1977, the Property is comprised of a one-story, free-standing restaurant building totaling ±2,928 square feet. Positioned on ±1.071 acres of land, the Property offers prime frontage on Lincoln Highway (±18,414 VPD), excellent visibility and 46 total parking spaces. The Property has a WalkScore® of 62, Somewhat Walkable, a Transit Score® of 33, Some Transit, and is easily accessible via one curb cut along the south side of E. Lincoln Highway and two curb cuts along the west side of Judy Lane. The Property was formerly occupied by Long John Silver’s on a triple net lease and offers potential investors the ability to acquire a free-standing retail building with significant value add through lease up at long term market rates (CoStar estimated retail rents of $16-20 NNN). Inclusive in this offering is a detached, one-story, ±826 SF building located in the rear of the Property. The Property is zoned PB, Planned Business district, and offers favorable flexible zoning allowing for a variety of commercial uses via adaptive reuse or repositioning. This former Long John Silver's is situated on a corner parcel along the south side of Lincoln Highway just west of the heavily trafficked N Illinois Street (±25,785 VPD), in the city of Fairview Heights, St. Clair County, Illinois. The Property offers excellent accessibility to the greater area and is strategically located near the intersection of I-64 (90,000 combined VPD) and Hwy 159/Illinois Street (40,000 VPD). With over 3 million square feet of retail, Fairview Heights is dubbed the ‘Retail Hub’ of Southern Illinois. It is home to a Super Regional Mall and 7 shopping centers, over 100 restaurants, and 8 hotels/motels. Positioned ±15-minutes from St. Louis, I-64 straddles the city and has traffic counts at Exit 12 of nearly 75,000 cars a day. The Property is surrounded by a plethora of investment grade and national retailers and benefits from the 750,000 SF, St. Clair Square Super Regional Mall strategically positioned across from the Property which welcomed more than 4 million visitors in 2023. The Property is positioned less than 1-minute of I-64’s Exit 12, one of the primary highways in the area which provides connectivity to nearby cities and regions. Along with its convenient proximity to Scott Air Force Base, Fairview Heights has positioned itself as the popular go-to for retail and tourism for all Southern Illinois. The Property is located in an extremely dense area that serves ±36,528 people within the immediate 3-mile area and ±119,238 individuals with an AHHI of ±$101,272 within an expanded 5-mile area.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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