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Classic Auction - Retail

Cahokia Village | Value-Add Shopping Center | St. Louis MSA

1002 Camp Jackson Road, Cahokia, IL 62206

  • Asset Type
  • Real Estate
  • Property Type
  • Retail
  • Land Area
  • 10.84 Acres
  • Year Built
  • 1960
  • Year Renovated
  • 2018
  • Number of Buildings
  • 1
  • Occupancy
  • 17.00%
  • Occupancy as of
  • May 24, 2021
  • Retail Type
  • Neighborhood Center
  • Anchor
  • Yes
  • Anchor Tenant(s)
  • Family Dollar
  • Property Size
  • 96,426 Sq Ft

Cahokia Village | Value-Add Shopping Center | St. Louis MSA

Investment Highlights

  •  ±96,400 SF multi-tenant value-add shopping center located in Cahokia, IL (St. Louis MSA)
  • Cahokia, IL is located ±10 minutes from downtown St. Louis, Missouri
  • Family Dollar anchored center (5-year lease renewal recently exercised)
  • ±17% current occupancy with ±80,000 SF available for immediate lease-up (12 vacant units)
  • Self-storage, warehousing, and distribution use potential
  • LED parking lot upgrade project completed in 2020
  • Significant frontage/access along Camp Jackson Rd with ±20,000 vehicles per day volume
  • Situated on ±10.84 aces with 500+ parking spaces
  • ±135,000 people reside within 5-miles of the subject property



Offering Summary

Friedman Real Estate and RealINSIGHT Marketplace are pleased to offer for sale, Cahokia Village Shopping Center, a 96,400 square-foot multi-tenant shopping center located in Cahokia, IL and situated just 10 minutes from downtown St. Louis, Missouri (the “Property”). The shopping center is currently ±17% occupied by Family Dollar (5-year lease renewal recently exercised), US Nails salon, and two new tenants: a restaurant and medical office.

The Property offers investors with an immediate value-add opportunity to substantially increase the gross income via lease-up of the remaining ±80,000 SF of vacant space (12 units).

Cahokia Village Shopping Center is also conditionally approved for self-storage, warehousing, and distribution uses.

Cahokia Village is located east of the Mississippi River in the Greater St. Louis metropolitan area. As of the 2010 census, 15,250 people lived in the village. In May 2020, the villages of Cahokia, Alorton, and Centerville were merged into a new city named Cahokia Heights, Illinois.

The Greater St. Louis metropolitan area surrounds the Mississippi River and includes both parts of Missouri and Illinois. The subject MSA is the 21st largest in the United States with a population of 2.8+ million residents. As of 2020, Greater St. Louis is home to the headquarters of ten of Missouri's eleven Fortune 500 companies, six Fortune 1,000 companies, and two of the top 30 largest private companies in America.
 

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Platform Fee

The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Scott Bowers

    c/o Fisher Auction Company Inc.

    License: 040000273