Jordyn Meierotto
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
Discover an exceptional commercial investment opportunity in the heart of Metropolis, Illinois. Encompassing nearly an entire city block, this expansive property offers outstanding visibility with frontage along US Highway 45 (5th Street). Currently generating $1,800 per month from two separate leases, the property provides immediate cash flow while offering substantial upside through future development of the vacant land. Strategically positioned in a community that attracts visitors year-round, this property benefits from Metropolis' strong tourism economy. Known worldwide as the Home of Superman, Metropolis draws thousands of visitors annually to attractions including the Superman Statue, Superman Museum, and the popular Superman Celebration. The city also hosts numerous festivals and events throughout the year that bring consistent traffic to local businesses. In addition, nearby Harrah's Metropolis Casino & Hotel serves as a major regional destination, attracting guests from across the Midwest and generating additional consumer activity in the area. Property highlights include: * Located within an Enterprise Zone and proposed future TIF District, offering valuable financial incentives and potential tax benefits for future owners and developers. * Two parcels with approximate dimensions of 280' x 150' and 360' x 166'. * Daily traffic counts of 11,400 along US Highway 45, providing excellent exposure for commercial operations. * Existing rental income with opportunities to increase revenue through additional development. * Flexible redevelopment potential for retail, service, hospitality, mixed-use, or other commercial ventures. * Convenient access to major transportation routes, downtown Metropolis, area tourism attractions, and regional amenities. Whether you're an investor seeking income-producing property with development potential or a business owner looking for a highly visible location in a growing market, this versatile commercial property offers a rare combination of current income, strategic location, and long-term growth opportunities.
Property Highlights
Property Type: Commercial - Business
Building Description: 1.0 stories
General Information
County: Massac
Listed By:
Farmer & Co. Real Estate
618-524-3000
MRED MLS
MLS ID: 12661860
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613 E 5th Street, Metropolis, IL 62960.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $450,000 | $450,000 | $450,000 |
| Down Payment | $90,000 | $15,750 | $112,500 |
| Monthly Mortgage Amount | $2,158 | $2,685 | $2,780 |
| Taxes | $626 | $626 | $626 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $198 | $0 |
| Monthly Estimated Total | $2,915 | $3,640 | $3,537 |
Jordyn Meierotto
REALTOR®
Cell: (319) 371-4167
Licensed in IA
Burlington Office
403 South Gear Avenue
Suite 105
West Burlington, IA 52655
(319) 752-9933
Suite 105
West Burlington, IA 52655
(319) 752-9933
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