613 E 5th Street,Metropolis, IL 62960
Metropolis, IL 62960
Description
Discover an exceptional commercial investment opportunity in the heart of Metropolis, Illinois. Encompassing nearly an entire city block, this expansive property offers outstanding visibility with frontage along US Highway 45 (5th Street). Currently generating $1,800 per month from two separate leases, the property provides immediate cash flow while offering substantial upside through future development of the vacant land. Strategically positioned in a community that attracts visitors year-round, this property benefits from Metropolis' strong tourism economy. Known worldwide as the "Home of Superman," Metropolis draws thousands of visitors annually to attractions including the Superman Statue, Superman Museum, and the popular Superman Celebration. The city also hosts numerous festivals and events throughout the year that bring consistent traffic to local businesses. In addition, nearby Harrah's Metropolis Casino & Hotel serves as a major regional destination, attracting guests from across the Midwest and generating additional consumer activity in the area. Property highlights include: * Located within an Enterprise Zone and proposed future TIF District, offering valuable financial incentives and potential tax benefits for future owners and developers. * Two parcels with approximate dimensions of 280' x 150' and 360' x 166'. * Daily traffic counts of 11,400 along US Highway 45, providing excellent exposure for commercial operations. * Existing rental income with opportunities to increase revenue through additional development. * Flexible redevelopment potential for retail, service, hospitality, mixed-use, or other commercial ventures. * Convenient access to major transportation routes, downtown Metropolis, area tourism attractions, and regional amenities. Whether you're an investor seeking income-producing property with development potential or a business owner looking for a highly visible location in a growing market, this versatile commercial property offers a rare combination of current income, strategic location, and long-term growth opportunities.
Details
| MLS # | 12661860 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 0 |
| Days On Site | 122 |
| Listing Provided By | Farmer & Co. Real Estate | Stewart Weisenberger |
Features
| SQ Feet | 2,400 |
|---|---|
| Story(s) | 1 |
| Units | 2 |
| Acreage | 0.96 |
Interior
| Cooling | Central Air |
|---|
Exterior
| Construction Materials | Vinyl Siding |
|---|
Utilities
| Electric | Ameren |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 5981.44 |
Area Information
| State | IL |
|---|---|
| County | Massac |
| City | Metropolis |
| Zip Code | 62960 |
| Area | Metropolis |
| Listing VS Median (in 62960) | |
Price: $450,000 low | high Med: $150,000 sqft: 2,400 low | high Med: 880 $ / sqft: $188 low | high Med: $170 On site: 122 low | high Med: 5 | |
Market Activity 62960
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Learn More About This Property
| State | IL |
|---|---|
| County | Massac |
| City | Metropolis |
| Zip Code | 62960 |
| Area | Metropolis |
| Listing VS Median (in 62960) | |
Price: $450,000 low | high Med: $150,000 sqft: 2,400 low | high Med: 880 $ / sqft: $188 low | high Med: $170 On site: 122 low | high Med: 5 | |
