Property for Sale: 2701 Center Street, Granite City, IL 62040

$6,200,000
$6,200,000
2701 Center Street, Granite City, IL 62040
$6,200,000
Remove from
Favorites
Add to
Favorites
Add to
Trip Map
Hide Share or
Email
Price:
$6,200,000

Type Commercial
Lot Size 3.17 acres
Year Built 1969

City Granite City
County Madison
Subdivision Hillmers Sub

MLS 25063286
Status Active
DOM 58 days
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

Lot & Building Features

Appliances Dishwasher, Refrigerator, Range, Microwave
Construction Brick
Cooling Central Air
Heating Forced Air
Water Public

Price History of 2701 Center Street, Granite City, IL

Date Name Price Difference
09/16/2025 Listing Price $6,200,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 2701 Center Street, Granite City, IL

Location Map Street View
Photo of Chad Brice
Direct: 618-977-6852
Office
1012 Plummer Drive Suite 301
Edwardsville, IL 62025
618-655-4100
Listed by Berkshire Hathaway HomeServices Select Properties, Sandie LaMantia
$
20%
1%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

2701 Center Street (MLS #25063286) is a commercial listing located in Granite City, IL. This is a commercial listing with a lot of 138,085 sqft (or 3.17 acres). This property was listed on 09/16/2025 and has been priced for sale at $6,200,000.

Nearby zip codes are 62042, 62059, 62060, 63137 and 63147. This property neighbors other cities such as Brooklyn, Madison, Pontoon Beach, Riverview and St Louis.

Maris

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Berkshire Hathaway HomeServices Select Properties

Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange