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3015 W Delmar Avenue

Godfrey, IL 62035
  • $450,000
  • STATUS: Active
  • ON SITE: 309 days
  • ID#: 20047641
UPDATED: 66 min ago
$450,000
  • 0
    BEDS
  • 4.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,800
    SQFT
  • $118
    $/SQFT
Type:
Commercial
Built:
1941
County:

School Ratings & Info

Description

ESTABLISHED GODFREY BUSINESS NEEDS LANDLORD! Prime corner location. All 4.5 acres has commercial potential. This property includes a restaurant, and three rental houses. All four have had active leases over the last several years. The restaurant has a lease agreement through 2023. This 4.5 acre parcel will be subdivided upon sale. Highlighted picture shows approximate parcel. The restaurant includes 3800 sq/ft of retail space on highly visible property at a high traffic intersection. The rental houses include a 1300 sq/ft 3 BR/1BA unit and two 800 sq/ft 2 BR/1BA units. The owner averages a gross income of $3225/mo over the last 10 years.

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Listing information © 2021 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2021-06-22T12:49:45.74.

Keller Williams Realty West: 636-229-8583
www.searchallstlouishomes.com/homes/109059778
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3015 W Delmar Avenue Godfrey, IL 62035

  • Price: $450,000
  • Status: Active
  • Updated: 66 min ago
  • ID#: 20047641
0
Beds
0
Baths
0
½ Baths
4.5
Acres
3,800
SQFT
$118
$/SQFT
1941
Built
County:
Madison
Property Description
ESTABLISHED GODFREY BUSINESS NEEDS LANDLORD! Prime corner location. All 4.5 acres has commercial potential. This property includes a restaurant, and three rental houses. All four have had active leases over the last several years. The restaurant has a lease agreement through 2023. This 4.5 acre parcel will be subdivided upon sale. Highlighted picture shows approximate parcel. The restaurant includes 3800 sq/ft of retail space on highly visible property at a high traffic intersection. The rental houses include a 1300 sq/ft 3 BR/1BA unit and two 800 sq/ft 2 BR/1BA units. The owner averages a gross income of $3225/mo over the last 10 years.
Exterior Features

Building Type 1 StoryMixed UseRestaurantStore FrontWarehouse Construction Conventional Exterior Combination Land Info Additional Available Parking Description Gravel Parking Spaces 25 Road Access State Highway Road Frontage 300 Roof Asphalt ShingleFlat Unit Location Corner LocationHigh Traffic

Interior Features

Cooling Central-Electric Heating Forced Air Interior Walls Combo Miscellaneous 2+ LavatoriesKitchen Facilities

Property Features

Association Greater Gateway Association Of Realtors Commercial Property Type Special Purpose/Use Conditions Unknown Cross Street Address Clifton Terrace Rd Current Use Restaurant/BarResidenceRestaurantTruck Garage Disclosures Occupancy Perm Req Electric Service 220 VAmeren Gross Operating Income 38700.00 Lease Terms More Than 3 Years Lot Size Source Owner Net Income 24000.00 Offering Sale Operating Expense ElectricityGasHeat/CoolingProperty InsuranceReal Estate TaxWater & Sewer Possession At Closing Possible Buyer Fees YN No Potential Use Food/Bev/RestaurantResidence Sale Includes Building & Land Selling Terms CashConventional Sewer Septic Special Description No Exemptions Special Listing Conditions None Square Footage Source Owner Tax Exempt 0 Tax Year 2018 Taxes Paid 8441 Total Expenses 14700.00 Utilities Available ElectricGasWaterSewer Water Public Zoning Special Use

Listing provided courtesy of Re/Max Alliance. Listing information © 2021 Mid America Regional Information Systems, Inc.
Listing information © 2021 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2021-06-22T12:49:45.74.

Keller Williams Realty West: 636-229-8583
 
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