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Shopping Strip

Piasa Center

500 W Delmar Ave, Alton, IL 62002

Listing Price: $4,125,000

Cap Rate
8.19%
Gross SF
60,406
Rentable SF
60,406
Price/Gross SF
$68.29
Lot Size
4.08 acres
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to present a 60,400 sqft multi-tenant retail strip center located on the Alton-Godfrey boarder. This property is 70% occupied with all NNN tenants and strong national tenants in Dollar General, Subway, Great Clips, and a St. Louis favorite Imo's Pizza. The Piasa Center sits just off Illinois State Route 3 with traffic counts of 17,000 VPD. The landlord is responsible for roof and parking lot but the center was remolded in 2018 and the oldest roof on the building is only 4 years old along with the parking being repaved and sealed this year.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Listing Price: $4,125,000

Cap Rate
8.19%
Gross SF
60,406
Rentable SF
60,406
Price/Gross SF
$68.29
Lot Size
4.08 acres
Year Built
1990

Investment Highlights

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Investment Overview

Marcus & Millichap is pleased to present a 60,400 sqft multi-tenant retail strip center located on the Alton-Godfrey boarder. This property is 70% occupied with all NNN tenants and strong national tenants in Dollar General, Subway, Great Clips, and a St. Louis favorite Imo's Pizza. The Piasa Center sits just off Illinois State Route 3 with traffic counts of 17,000 VPD. The landlord is responsible for roof and parking lot but the center was remolded in 2018 and the oldest roof on the building is only 4 years old along with the parking being repaved and sealed this year.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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