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    1908 State St Granite City, IL 62040

    For Sale
    $199,900

    Unimproved Land - Granite City, IL

    Type:Unimproved Land
    Property size:
    17,691 SF
    Lot size:
    0.29 Acres
    Days on Market:
    55
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1908 State St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    22-2-19-24-12-202-003
    Parking features
    Open, Parking Lot
    Size
    17,691 SF
    Lot size
    0.29 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1940
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    RE/MAX Alliance (618) 975-6043 [email protected]

    Listing agent Jim Reppell (618) 656-2111 License #475125734

    Listing date Oct 12, 2025

    MLS# 23073462 Listing URL

    Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Granite City Multi-Use Opportunity

    This property presents an opportunity for a multi-use facility in downtown Granite City, situated near Granite City Steel and Gateway Regional. The main level is currently owner-occupied by a gym. Additional parking is available at the rear of the building. There are 3 lots in the rear that front at 1909 & 1911 Grand that could be purchased separately. The rubber modified roof was installed in 2019. An existing elevator, fully operational 10 years ago, has the potential to be operational again. The upstairs unit is currently rented until 2027 for $7000 a year, with lease rate increases to $8,000 in 2026. The rear office area is being rented to a massage therapist for $300 a month. The seller reserves the right to give the lessee 60 days' notice to vacate the premises. The property is located in the city's downtown area. The property size is 17691 square feet and the lot size is 0.287 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fitness centers & gyms

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Nelson Hagnauer Sports Complex, William Red Schmitt Wrestling Center, Granite City High School Memorial Gymnasium, Granite City Park Pool

    Location Insight

    • Map
    • Local Demand
    City
    Granite City
    County
    Madison
    State
    Illinois
    Longitude
    -90.149095
    Latitude
    38.699809

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    FAQs

    What type of property is this?
    Fitness center & gym - Multi-use facility in downtown Granite City with income potential.
    Where is this fitness center & gym located?
    The property is located at 1908 State St Granite City, IL.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - Leased upstairs unit provides immediate rental income ($7,000/year, increasing to $8,000 in 2026) until 2027.; - Prime downtown location in Granite City, near Granite City Steel & Gateway Regional.; - Multi-use facility suitable for various business opportunities.
    (618) 656-2111
    Request Owner's contact information
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    Granite City, IL 62040
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1908 State St Granite City, IL 62040
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