Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5507 Summit Ave East St Louis, IL 62203

    Sponsored
    For Sale
    $35,000

    Industrial - East St Louis, IL

    Type:Industrial
    Lot size:
    0.22 Acres
    Days on Market:
    144
    Last Refresh:
    Feb 13 at 5:06 pm

    Property Features for 5507 Summit Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Standard status
    Active
    APN
    02-21.0-206-056
    Lot size
    0.22 Acres

    Building Details

    Year built
    1955
    Architectural style
    Other

    We can help!

    Listing Contact
    Anthony Neely

    Keller Williams Marquee (618) 307-5616

    Listing agent Anthony Neely (618) 307-5616 License #475201516

    Listing date Sep 23, 2025

    MLS# 25064520 Listing URL

    Copyright © 2026 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    East St Louis Industrial Opportunity

    This commercial building, situated in East St Louis, Illinois, presents an opportunity for ownership. The property is located at 5507 Summit Avenue, in the 62203 postal code area of St. Clair County. The lot size is approximately 0.22 acres. This industrial property offers significant potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Pharmacy Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    East St Louis
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.094242
    Latitude
    38.610891

    Nearby Similar for Sale

    • $495,000
      2,898 SF

      Church and Office Redevelopment Opportunity

      Church and office building on two parcels, ideal for redevelopment.
      1340 N 58Th St, East St Louis, IL 62204
      View Details
    • $150,000
      0.38 Acres

      East St. Louis Mixed-Use Property

      Commercial property in downtown East St. Louis with development potential.
      1048 State St, East St Louis, IL 62201
      View Details
    • $375,000
      Pending

      East St Louis Multifamily Investment

      Two buildings with 17 units, investment opportunity in East St. Louis.
      6500 Saint Clair Ave, East St Louis, IL 62203
      View Details
    • $300,000
      0.12 Acres

      Established Bar with Additional Home

      Operating bar with seating, outdoor area, parking, and included home.
      3800 Saint Clair Ave, East St Louis, IL 62205
      View Details
    • $150,000
      0.17 Acres

      Turnkey Restaurant Opportunity in Illinois

      Commercial property in East St. Louis, ready for your business.
      1475 St Louis Ave, East St Louis, IL 62201
      View Details
    • $115,000
      1,521 SF

      Corner Lot Business Opportunity

      0.65 acre corner lot suitable for starting a business.
      3801 Saint Clair Ave, East St Louis, IL 62205
      View Details
    • $115,000
      3,840 SF

      East St Louis Retail/Office

      Commercial investment property suitable for retail or office use.
      2204 State St, East St Louis, IL 62205
      View Details
    • Contact for pricing
      Pending

      East St Louis Duplex Auction

      Two-unit duplex with basement and garage, sold as-is.
      1628 Gaty Ave, East St Louis, IL 62205
      View Details
    • $250,000
      0.07 Acres

      Lounge and Bar with Potential

      Commercial space with lounge, bar, and expansion possibilities.
      1513 State St, East St Louis, IL 62205
      View Details
    • Contact for pricing
      38,200 SF

      Manufacturing Facility on 6.98 Acres

      38,200 SF manufacturing facility with outdoor storage and cranes.
      4926 Church Rd, East St Louis, IL 62207
      View Details
    • Contact for pricing
      6,978 SF

      East St. Louis Commercial Property

      Commercial property in East St. Louis, Illinois, built in 2007.
      13 Collinsville Ave, East St Louis, IL 62201
      View Details

    FAQs

    What type of property is this?
    Industrial property - Commercial building with potential in East St Louis, Illinois.
    Where is this industrial property located?
    The property is located at 5507 Summit Ave East St Louis, IL.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: - Commercial building ownership opportunity.; - High potential for various uses.; - Built in 1955.
    (618) 307-5616
    Request Owner's contact information
    5507 Summit Ave East St Louis, IL 62203
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5507 Summit Ave
    East St Louis, IL 62203
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5507 Summit Ave East St Louis, IL 62203
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Anthony Neely
    Real Estate License ID: 475201516
    (618) 307-5616 (618) 593-3266
    Learn more
    Google sign-in failed. Please try again or use another login method.