Granite City, IL 62040 2701 Center Street

2701 Center Street Granite City, IL - Image 12701 Center Street Granite City, IL - Image 22701 Center Street Granite City, IL - Image 3
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Presented By: Berkshire Hathaway HomeServices Select Properties
  • MLS# 25063286
  • 09/16/2025
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Home Details

Your opportunity to acquire a turnkey 64-unit income-producing multi-family portfolio in Granite City, Illinois. This property offers a diverse mix of 64 residential units, including: – One-bedroom / one-bathroom apartments – 24 Units (770 sq ft each unit) – Two-bedroom / one-bathroom apartments – 24 Units (900 sq ft each unit) – Two-bedroom / 1.5-bathroom townhomes – 16 Units (1050 sq ft each unit) – One single-family home – 1200 sq ft Property Highlights – Unit Mix Variety: Appeals to a wide tenant base. – Fully leased, delivering investors immediate income. – Strong Cap Rate: At an impressive 8.29% cap rate, this asset offers competitive returns. – Parking & Access: Assigned parking for tenants plus additional visitor spaces ensure ease of use for residents and guests. -Onsite Laundry – 3 convenient coin-operated laundry facilities. – Security & Privacy: The community is fully enclosed with a privacy fence and secured through a gated main entry with a guard shack, providing peace of mind for residents. – Community Features: Multiple courtyard spaces / 2 blocks from Wilson Park, a 74-acre city park that has been in operation since 1921, serving as a cornerstone for community activities. Offering includes parcel numbers – 22-2-20-07-19-402-014 – Buildings 1&2 , 22-2-20-18-07-201-012 -2681 Center St., 22-2-20-18-07-201-009 – 2702 Center St. (Single Family), 22-2-20-07-19-402-013 – 2706-2734 Center St – WILL NOT DIVIDE
Presented By: Berkshire Hathaway HomeServices Select Properties

Interior Features for 2701 Center Street

Bedrooms

Total Bedrooms

Bathrooms

Half Baths

Other Interior Features

FlooringCarpet, Luxury Vinyl, Vinyl
Laundry FeaturesIn Basement, Multiple Locations, In Unit
Total Stories2

General for 2701 Center Street

AppliancesDishwasher, Microwave, Range, Refrigerator
Business TypeRental, Residential
Carport Y/NNo
CityGranite City
Construction MaterialsBrick
CoolingCentral Air
CountyMadison
Current UseMulti-Family
DisclosuresNone
ElectricAmeren
Full Baths
Gross Income725364
HeatingForced Air
Legal DescriptionTo Follow Per Title Report
Lot Size Square Feet138085.2
ModificationTimestamp2025-09-16T20:49:38.626Z
Ownership TypePrivate
PossessionClose Of Escrow
Property TypeCommercial Sale
Security FeaturesGated Community, Gated with Guard, Smoke Detector(s)
Standard StatusActive
StatusActive
Subdivision NameHillmers Sub
Tenant PaysElectricity, Internet
UtilitiesElectricity Available
Year Built1969

Exterior for 2701 Center Street

FencingFenced, Gate, Perimeter, Privacy, Wood
Foundation DetailsSee Remarks, Slab
Lot Size Acres3.17
Lot Size SourcePublic Records
Number of Buildings11
Road Surface TypeAsphalt
Total Parking80
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Craig Ziegel

Realtor
Price $6,200,000
MLS#25063286
List Date 09/16/2025
Property Type Commercial
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