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    425 W Main Street Staunton, IL 62088

    View on Map
    For Sale
    $99,900

    Unimproved Land - Staunton, IL

    Type:Unimproved Land
    Property size:
    1,200 SF
    Lot size:
    0.16 Acres
    Added:
    Sep 2, 2025
    Days on Market:
    216
    Last Refresh:
    Apr 5 at 2:06 pm

    Property Features for 425 W Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Parking features
    Paved or Surfaced
    Standard status
    Active
    APN
    01-001-121-00
    Size
    1,200 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    1186

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Building materials
    Wood Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Mike Mihelcic
    Mike Mihelcic

    Listing agent Mike Mihelcic License #475155256

    Listing office RE/MAX Alliance 101 W. Main, Collinsville, IL

    Listing date Sep 2, 2025

    MLS# 25012722 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

    Staunton Office Building Opportunity

    This property is located in the heart of Staunton and offers a visible location for an office building. The property experiences traffic of over 5,000 cars passing by per day. It features three spacious office spaces, a welcoming entry/waiting area, a fully equipped kitchen, a large bathroom, and attic space for storage. The property is ideal for professionals, small businesses, or service providers. An unfinished basement offers additional storage or future expansion potential. The property is situated on a high-traffic road, ensuring excellent exposure and easy access for clients. The lot size is 0.155 acres and the property size is 1200 square feet. The location is described as city, corner location, downtown, and high traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Denby Meno Bloomer ... Law Firm Waox Radio Station Wsmi Radio Station Family Life Consultants ... Counselor Drummond Peter C Law Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Staunton
    County
    Macoupin
    State
    Illinois
    Longitude
    -89.791137
    Latitude
    39.01225

    Nearby Similar for Sale

    • $475,000
      5,099 SF

      Route 66 Office Opportunity

      High-visibility Staunton office building with expansion potential.
      20586 Old Route 66, Staunton, IL 62088
      View Details
    • $225,000

      Commercial Building on Historic Route 66

      Versatile commercial building with high visibility on Route 66.
      20447 Old Route 66, Staunton, IL 62088
      View Details
    • $300,000
      6,450 SF

      Former Distribution Warehouse For Sale

      6,450 SF warehouse on 1.01 acres available.
      704 W. 8th Street, Staunton, IL 62088
      View Details

    FAQs

    What type of property is this?
    Office units - Visible Staunton office building with high traffic exposure.
    Where is this office units located?
    The property is located at 425 W Main Street Staunton, IL.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: High‑visibility location in downtown Staunton with over 5,000 cars passing daily.; Features three spacious office spaces, a welcoming entry/waiting area, and a large bathroom.; Fully equipped kitchen.
    (618) 339-5752
    We can help!
    Listing Contact
    Mike Mihelcic
    Mike Mihelcic
    Real Estate License ID: 475155256
    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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