- For Sale $2,150,000
- Property Type Industrial
- Property Size 34,393 SF
- Cap Rate % 7.66
- NOI / YR $164,733.95
- Date Updated Aug 31, 2026
- Drive-In Doors 18
Description
34,393 SF fully leased investment opportunity for sale in Swansea, IL (12,353 SF office/warehouse and 21,930 SF of drive-through service bays – 18). Midwest Transit Equipment, Inc. is a well-established transportation and fleet solutions provider with 50 years of industry experience, specializing in new and used buses, commercial vehicles, parts, maintenance, and repair services, and has occupied this property since 2005. 9 locations nationwide. This Swansea facility is well positioned to serve school districts, municipalities, churches, private transportation operators, and commercial fleets throughout Southwestern Illinois and the broader St. Louis metropolitan area.
Current lease term expires May 31st, 2032. The tenant has an additional renewal term available through May 31, 2037. The landlord is responsible for capital improvements on the property.
Current NOI: $164,733.95
CAP Rate: 7.66%
Contact broker for financials.
Located along the heavily traveled North Belt West / IL-161 corridor, the site benefits from strong regional connectivity and convenient access to the surrounding Metro East market. Its location places it just minutes from IL-159, downtown Belleville, Fairview Heights’ major retail concentrations, and Interstate 64, providing direct access to the broader St. Louis metropolitan area.
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Contacts
Barber Murphy
Location
Located at 731 N Belt West, Swansea, IL 62226, this property is part of the Swansea neighborhood and St Louis market.
Barber Murphy
