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    2775 Madison Ave Granite City, IL 62040

    For Sale
    $60,000

    Commercial Sale - Granite City, IL

    Lot size:
    0.12 Acres
    Days on Market:
    53
    Last Refresh:
    Dec 14 at 10:06 pm

    Property Features for 2775 Madison Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    22-2-20-17-09-101-017
    Lot size
    0.12 Acres

    Building Details

    Year built
    1975
    Building materials
    Brick
    Architectural style
    Other

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

    Listing agent Kim Fazio (618) 747-2111 License #475150140

    Listing date Oct 23, 2025

    MLS# 25065663 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 Commercial Building

    This commercial building is located on a corner lot and was previously used as a beauty salon. The property includes two washing stations, two drying stations, chairs, mirrors, a refrigerator, and a washer and dryer. The space can accommodate five workstations. The furnace is six years old, and the air conditioning unit is two years old. The lot size is 0.124 acres. Prospective buyers should contact the city to verify special use permits before making offers. The property is located in Granite City, IL, in Madison County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail 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
    Granite City
    County
    Madison
    State
    Illinois
    Longitude
    -90.13036
    Latitude
    38.712798

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    FAQs

    What type of property is this?
    Retail space - Commercial building with salon equipment on corner lot for sale.
    Where is this retail space located?
    The property is located at 2775 Madison Ave Granite City, IL.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: - Turnkey commercial building suitable for a beauty salon.; - Includes existing salon equipment: washing stations, drying stations, chairs, mirrors, refrigerator, washer & dryer.; - Corner lot location.
    (618) 747-2111
    Request Owner's contact information
    2775 Madison Ave Granite City, IL 62040
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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
    2775 Madison Ave Granite City, IL 62040
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