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    Mixed-Use Investment Opportunity
    Updated: Aug 4, 2025
    Mixed-Use Investment Opportunity

    3009 Nameoki Rd, Granite City, IL 62040

    $299,000
    2,400 sqft · 0.21 AC lot
    High traffic location on a major road.
    Mixed‑use property with office/retail/commercial space, apartment, and warehouse/storage.
    Potential for multiple income streams from commercial space and apartment.
    Enjoy the updated 2‑bedroom apartment.
    Commercial space can be divided into multiple leasable units.
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    This listing looks promising.

    Here's a quick look at some key insights for

    3009 Nameoki Rd, Granite City, IL, 62040-4932

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    • Est. Cap Rate

      7.8%
      Above avg (5.9%)

    • Est. NOI

      $23K
      Annual

    • Price @ 7% Cap

      $335K
      Above asking

    • Property Type

      Commercial (General)
      Built 1955
    View Property Analytics
    Historic Campus Mixed-Use Opportunity
    Updated: Jun 23
    Historic Campus Mixed-Use Opportunity

    2009 Seminary Street, Alton, IL 62002

    $530,000
    35,465 sqft · 39.30 AC lot
    Almost 40‑acre campus with three buildings, including classroom, administrative, meeting, dormitory‑style, cafeteria, and gym/recreation spaces
    Main administrative/classroom building is about 35,000 SF over four floors with lower‑level cafeteria and classrooms
    Gymnasium is over 9,500 SF with a stage and newer roof
    Barracks building is about 15,000 SF laid out dormitory style and needs major renovating
    Year built 1903; construction materials include brick and stone
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    Two-Story Apartment Building with Five Units
    Two-Story Apartment Building with Five Units

    1011 State Street, Alton, IL 62002

    $225,000
    3,826 sqft · 0.21 AC lot

    Well-maintained, five-unit rental building offers a mix of efficiency, one-bedroom, and two-bedroom apartments.

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    Corner Multifamily with 14 Units
    Corner Multifamily with 14 Units

    2705 College Avenue, Alton, IL 62002

    $980,000
    0.33 AC lot

    Two-building investment property near the Dental College, offering 14 units and on-site coin laundry.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Apartment Building with Six 1BR Units
    Apartment Building with Six 1BR Units

    2200 Iowa Street, Granite City, IL 62040

    $300,000
    4,148 sqft · 0.17 AC lot

    Brick apartment building with six 1-bedroom units, some updated, featuring a newer roof, parking, and fenced front yard.

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    Multifamily Portfolio in Granite City
    Multifamily Portfolio in Granite City

    2123 Edison, Granite City, IL 8820

    $396,000

    24-unit multifamily portfolio across multiple properties in Granite City, Illinois.

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    Mid-Rise Apartment Community
    Mid-Rise Apartment Community

    1010 Enclave Boulevard, Edwardsville, IL 62025

    Contact for pricing
    118,944 sqft

    Mid-rise multifamily community with ample parking, green space, and on-site management, currently operating at 91.5% occupancy.

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    152-Unit Multifamily Investment Opportunity
    152-Unit Multifamily Investment Opportunity

    101 Whitsell Way, Pontoon Beach, IL 62040

    Contact for pricing

    152-unit apartment community near Gateway Commerce Center and major employers.

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    Former School with Redevelopment Potential
    Former School with Redevelopment Potential

    121 W Elm Street, Alton, IL 62002

    $285,000
    33,150 sqft · 2.18 AC lot

    Former school building suitable for redevelopment into residential or commercial property.

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    Retail and Apartment Building
    Retail and Apartment Building

    517 W Clay St, Collinsville, IL

    $135,000
    2,785 sqft · 0.12 AC lot

    Retail space with attached greenhouse and a two-bedroom apartment.

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    Mid-Rise Apartment Community
    Mid-Rise Apartment Community

    1010 Enclave Blvd., Edwardsville, IL 62025

    Contact for pricing
    118,944 sqft

    Mid-rise multifamily property with ample parking, green space, and on-site management and maintenance.

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    Wood River Mixed-Use Property
    Wood River Mixed-Use Property

    855 E Ferguson Avenue, Wood River, IL 62095

    $94,900

    Corner lot property with office and apartment in Wood River.

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    Former School with Redevelopment Potential
    Former School with Redevelopment Potential

    121 W Elm Street, Alton, IL 62002

    $285,000
    33,150 sqft

    Former school building suitable for redevelopment or community use.

    View details
    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 13 Active listings in Madison County, IL, we suggest exploring several alternatives: similar 59 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details
    Norman Land For Luxury Condos
    Norman Land For Luxury Condos

    801 NW 36th Avenue, Norman, OK 73072

    $285,000
    0.74 AC lot

    Prime Norman land suitable for luxury condos development.

    View details
    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

    View details

    Off-Market Properties in Madison County, IL

    Consider similar Off-Market properties in Madison County, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2323 Washington Ave
    APARTMENT HOUSE (5+ UNITS)

    2323 Washington Ave, Granite City, IL 62040-5441

    Value Estimation by Request
    1,880 sqft · 0.11 AC lot
    View details
    501 Guernsey St
    APARTMENT HOUSE (5+ UNITS)

    501 Guernsey St, Collinsville, IL 62234-3311

    Value Estimation by Request
    2,940 sqft · 0.40 AC lot
    View details
    209 Humboldt St
    APARTMENT HOUSE (5+ UNITS)

    209 Humboldt St, Marine, IL 62061-1418

    Value Estimation by Request
    1,240 sqft · 0.41 AC lot
    View details
    2500 Donald Ave
    APARTMENT HOUSE (5+ UNITS)

    2500 Donald Ave, Alton, IL 62002-2817

    Value Estimation by Request
    2,485 sqft · 0.21 AC lot
    View details
    476 Hamilton Ave
    APARTMENT HOUSE (5+ UNITS)

    476 Hamilton Ave, Wood River, IL 62095-1572

    Value Estimation by Request
    962 sqft · 0.12 AC lot
    View details
    213 Broadway
    APARTMENT HOUSE (5+ UNITS)

    213 Broadway, Highland, IL 62249-2099

    Value Estimation by Request
    4,352 sqft · 0.27 AC lot
    View details
    912 9th St
    APARTMENT HOUSE (5+ UNITS)

    912 9th St, Highland, IL 62249-1547

    Value Estimation by Request
    1,454 sqft · 0.26 AC lot
    View details
    310 Ml St
    APARTMENT HOUSE (5+ UNITS)

    310 Ml St, Alton, IL 62002-6130

    Value Estimation by Request
    2,690 sqft · 0.40 AC lot
    View details
    2127 Lincoln Ave
    APARTMENT HOUSE (5+ UNITS)

    2127 Lincoln Ave, Granite City, IL 62040-5555

    Value Estimation by Request
    3,780 sqft · 0.23 AC lot
    View details
    21 Harvel Ct
    APARTMENT HOUSE (5+ UNITS)

    21 Harvel Ct, Cottage Hills, IL 62018-1271

    Value Estimation by Request
    4,350 sqft
    View details
    105 Border St
    APARTMENT HOUSE (5+ UNITS)

    105 Border St, Troy, IL 62294-1432

    Value Estimation by Request
    624 sqft · 0.16 AC lot
    View details

    Madison County, IL Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Madison County, IL, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 114,924 square feet of properties for sale, with an estimated market value of $2,059,000.

    Sale prices for two-family homes in Madison County, IL start at $135,000, averaging $294,142, and reaching up to $530,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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