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. Main level use is gym for "Tank Training" which is owner occupied. Plenty of extra parking in rear of the building. There are 3 lots in the rear that front at 1909 & 1911 Grand that could be purchased separately for $15,000. Rubber Modified roof 2019. Existing elevator at this building was fully operational 10 years ago but could potentially be operational again. Upstairs unit is currently rented until 2027 for $7000 a yr. with lease rate increases to $8,000 in 2026. Rear office area is being rented to a massage therapist for $300 a month. Seller has reserved the right to give lessee 60 days notice to vacate the premises. Gym equipment seller will sell all of the equipment for half price with an acceptable offer on the building and vacant lots. Location: City, Downtown

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