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    263 Madison Ave Wood River, IL 62095

    Sponsored
    For Sale
    $350,000

    Unimproved Land - Wood River, IL

    Type:Unimproved Land
    Property size:
    1,563 SF
    Lot size:
    0.60 Acres
    Days on Market:
    198
    Last Refresh:
    Jan 6 at 6:06 pm

    Property Features for 263 Madison Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    19-2-08-27-05-105-026
    Parking features
    Open, Parking Lot, Paved or Surfaced
    Size
    1,563 SF
    Lot size
    0.60 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Gas (Cooling)

    Building Details

    Year built
    1994
    Building materials
    Brick
    Architectural style
    Other

    Nester Realty Inc. (618) 567-4000 [email protected]

    Listing agent Pat Schaeffer (618) 624-0400 License #475147098

    Listing date Jun 23, 2025

    MLS# 25008476 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

    Free Standing Building on Corner

    This full brick, free-standing building is situated on a 0.6-acre corner lot. The interior features office space, meeting room(s), and ample storage. The lower level is partially finished, providing additional space. An outbuilding on the property can serve as a workshop or additional storage. Currently used as a meeting hall and office space, the property is well-suited for a variety of business uses. It benefits from a high traffic location, with an average daily vehicle count of 12,300, and is located in a TIF and enterprise zone.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wood River
    County
    Madison
    State
    Illinois
    Longitude
    -90.092259
    Latitude
    38.860439

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    FAQs

    What type of property is this?
    Office space - Office space with storage on a 0.6-acre corner lot.
    Where is this office space located?
    The property is located at 263 Madison Ave Wood River, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - High-traffic corner lot location with 12,300 average daily vehicle count; - Full brick, free-standing building on a 1/2 acre lot; - Located in a TIF and enterprise zone
    (618) 567-4949
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    Wood River, IL 62095
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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
    263 Madison Ave Wood River, IL 62095
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