4510 N Illinois Street, Swansea, IL 62226
- Added:
- May 11, 2026
- Days on Market:
- 59
- Last Refresh:
- Jul 8 at 8:06 pm
Property Features for 4510 N Illinois Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Appliances
- Water Heater
- Standard status
- Active
- APN
- 08-03.0-100-051
- Lot size
- 2.28 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- ST CLAIR TWP SEC 3 LOT/SEC-3-SUBL/TWP-1N=BLK/RG-8W LT 6 PT NW IN A01751418
- Tax Annual Amount
- 17084
Utilities
- Utilities
- Water Available
- Cooling system
- Multi Units
- Water source
- Public
Building Details
- Year built
- 2003
- Floors in Building
- 1
- Flooring type
- Carpet
- Building materials
- Brick
Listing agent Annmarie Pickering License #475.173204 (618) 692-7290
Listing office Coldwell Banker Brown Realtors 911 E Highway 50, Edwardsville, IL (618) 632-4700
Listing date May 11, 2026
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.
HighLights
- 6,000 SF brick building built in 2003 with four 1,500 SF units
- Property includes 0.96 ac with building and an additional developed lot totaling 1.51 ac
- Additional developed lot is approved for 9 more units
- Seller will split the building and the developed lot
- Frontage includes 95' signage on Smelting Works plus permanent signage on Route 159
- Water available via public water source; water heater included
Overview
Signage is a notable part of the marketing package, with Millstone Plaza signage on approximately 95' of frontage on Smelting Works and permanent signage on Route 159. The offering is presented as a combined retail center site plus an expansion opportunity for additional unit development, all within the same ownership.
This setup can fit retail tenants or operators looking for a multi-unit environment where several suites can be leased within one shopping center footprint. For buyers planning incremental growth, the inclusion of a lot already approved for nine additional units provides a clear path for adding more retail inventory, subject to the terms of the approved plan. The flexibility to split the building and the developed lot may also appeal to users with different timelines or investment strategies.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.6k | $15.60 |
| − Vacancy | −$8.0k | −$1.33 |
| EGI | $85.6k | $14.27 |
| − OpEx | −$25.7k | −$4.28 |
| NOI | $60.0k | $9.99 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Hiral — 28 Wade Square, Belleville, IL 62221
Location Insight
- Map
- Local Demand
- City
- Swansea
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.982737
- Latitude
- 38.569299
