Commercial Land with Restaurant
1100 S State Route 157 Edwardsville, IL 62025
For Sale
Under Contract
$1,350,000
LAND - Edwardsville, IL
Property Size4,224 SF
Lot Size1.03 Acres
Price / SF$319.60
Days on Market90
Property Features for 1100 S State Route 157
General Information
- Property type
- Land
- Property subtype
- Other
- Parking features
- Parking Lot, Open
- Security features
- Security System
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active Under Contract
- APN
- 14-1-15-22-00-000-004.022
- Size
- 4,224 SF
- Lot size
- 1.03 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Description
- PT E 1/2 NW
- Tax Annual Amount
- 34064
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2000
- Floors in Building
- 1
Listing Agency:
Coldwell Banker Brown Realtors
(618) 656-2278
Listed By:
Janet Urbanek · License #471003262
(618) 692-7290
Added: Apr 28
Changed: Jul 21
Last Checked: Jul 26 at 8:06AM
MLS# 24019123
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1.03-acre commercial site includes a 4,224 SF restaurant building with a kitchen, large dining area, two lavatories, and exterior features including a patio and drive-up window. The property also offers 44 parking spaces. Updates include a new rolled rubber roof in 2016 and a remodeled restaurant dining area in 2020.
The site has 195 feet of frontage on a 5-lane State Route 157 corridor and is positioned near a 4-way lighted intersection with an average daily traffic count of 20,000. It is one lot off the corner of Center Grove Rd and State Route 157 and is next to the newly built Sav-On Liquor store.
The former building configuration included Imo’s on one side and an ice cream store with patio on the other, reflecting the site’s prior restaurant-focused layout.
The site has 195 feet of frontage on a 5-lane State Route 157 corridor and is positioned near a 4-way lighted intersection with an average daily traffic count of 20,000. It is one lot off the corner of Center Grove Rd and State Route 157 and is next to the newly built Sav-On Liquor store.
The former building configuration included Imo’s on one side and an ice cream store with patio on the other, reflecting the site’s prior restaurant-focused layout.
Key Highlights
- 1.03‑acre commercial site with 195 ft frontage on State Rt 157 near a 4‑way lighted intersection
- Busy traffic area: Average Daily traffic count 20,000 (5‑lane highway exposure)
- Restaurant building with 4,224 SF includes a kitchen, large dining area, 2 lavatories, drive‑up window, and patio
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.0k | $17.04 |
| − Vacancy | −$5.2k | −$1.23 |
| EGI | $66.8k | $15.81 |
| − OpEx | −$16.7k | −$3.95 |
| NOI | $50.1k | $11.86 |
4,224 SF · lease $17.04/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$715.7K
$626.2K – $834.9K
NOI $50,096 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,594 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Imo's Pizza
Restaurant
FAQs
What type of property is this?
Conventional restaurant - 1.03-acre commercial site with a 4,224 SF restaurant building, patio, and drive-up window, plus 44 parking spaces.
Where is this conventional restaurant located?
The property is located at 1100 S State Route 157 Edwardsville, IL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1.03‑acre commercial site with 195 ft frontage on State Rt 157 near a 4‑way lighted intersection; Busy traffic area: Average Daily traffic count 20,000 (5‑lane highway exposure); Restaurant building with 4,224 SF includes a kitchen, large dining area, 2 lavatories, drive‑up window, and patio
