1908 State Street, Granite City, IL 62040 - Madison County

Great opportunity for a multi use facility in downtown Granite City close to Granite City Steel & Gateway Regional Hospital. Main level use is gym for "Tank Training". 2nd level leased until 2027 with a gross lease at $4,000 per year. Gym equipment has an approx. value of $200,000 new actual resale value closer to $115,000. Gym & weight equipment can be inc.w/ sale. Property includes 3 vacant lots in rear on the south on Grand Ave. PP#22-2-19-24-12-202-050, 22-2-19-24-12-202-051 & 22-2-20-19-05-101-042. Tax on 3 lots rear $119. This area would be ideal for a large parking lot in order to enter from the rear of the building. Rubber Modified roof 2019. The rear lots could also facilitate potential for a baseball, soccer or exterior volleyball sporting events. The property at 1906 on the west side of the building is being totally remodeled to include front commercial space & 2 luxury apartments upstairs. This can be purchased as a package deal at an increased price in spring of 2025.

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