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    219 N Main Street Marissa, IL 62257

    View on Map
    For Sale
    $150,000

    Business - Marissa, IL

    Type:Business
    Property size:
    3,100 SF
    Lot size:
    0.24 Acres
    Added:
    Sep 3, 2025
    Days on Market:
    215
    Last Refresh:
    Apr 5 at 7:06 am

    Property Features for 219 N Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    21-27.0-115-019
    Size
    3,100 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    2832

    Utilities

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

    Building Details

    Year built
    1976
    Flooring type
    Carpet
    Building materials
    Block, Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Travis Tarrant

    Listing agent Travis Tarrant License #471016673

    Listing office Tarrant and Harman Real Estate and Auction Co 3644 Fosterburg Rd., Alton, IL

    Listing date Sep 3, 2025

    MLS# 25058212 Listing URL

    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.

    Overview

    Former Pharmacy in Downtown Marissa

    Located on a prominent corner in downtown Marissa, this former pharmacy provides a flexible space suitable for various commercial uses. The building has been well maintained and includes recent mechanical updates, such as dual gas furnaces and a gas water heating system, both installed within the last five years. Central air is in place, with one of the units only two years old. The layout features a spacious main retail area, a dedicated office with service desk, a secure prescription/drug room, utility and storage areas, and a half bathroom. Walk-out access is available at the rear of the building, and multiple rooms connect easily. The building is served by public water and sewer and is powered by a 400-amp service on a 600-amp panel through Ameren. Existing shelving and file cabinets will remain. A leased security camera system is installed and can be transferred. Outside, the property includes a private asphalt parking lot with seven spaces, along with a storage shed. The property has a strong street presence and offers an opportunity for a business looking to establish or expand in the heart of Marissa. The lot size is 0.24 acres and the property size is 3100 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shaw Pharmacy Pharmacy Robert Shaw Pharmacy

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Marissa
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.754466
    Latitude
    38.247088

    Nearby Similar for Sale

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      View Details
    • $158,900

      Marissa, IL Four Unit Building

      Four-unit building with two-bedroom apartments, investment or occupancy opportunity.
      427 East Drive, Marissa, IL 62257
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    • $125,000
      1,657 SF

      Commercial Office Building on Route 13

      Commercial office building with additional income potential in Marissa, Illinois.
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      View Details

    FAQs

    What type of property is this?
    Retail property - Well-maintained commercial building with recent updates and flexible space.
    Where is this retail property located?
    The property is located at 219 N Main Street Marissa, IL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Prominent corner location in downtown Marissa with high visibility.; Flexible and functional space suitable for various commercial uses.; Recent mechanical updates: dual gas furnaces, gas water heating (within 5 years), and newer central AC (2 years old).
    (618) 974-9259
    We can help!
    Listing Contact
    Travis Tarrant
    Real Estate License ID: 471016673
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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