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    3021 Godfrey Rd Godfrey, IL 62035

    Sponsored
    For Sale
    $269,000

    Multi-use building with ample parking and basement.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 3021 Godfrey Road in Godfrey, Illinois, presents a fantastic opportunity for a variety of businesses. Situated on a 0.48-acre lot, this single-story building offers high visibility and easy access, making it an ideal location for attracting customers. The main level features a spacious entry room, multiple offices, and two half bathrooms, providing ample space for both staff and clients. A significant advantage is the full walk-out basement, which includes a convenient loading area at the back, two additional offices, and a 34 x 14 unfinished utility area, offering significant storage or expansion potential. The building benefits from recent upgrades, including a new heating and central air system installed in 2022, and a roof replacement in 2008. Furthermore, the sewer line was replaced in 2000, featuring a 6-inch clean-out for enhanced maintenance. The property's ample parking further enhances its appeal and functionality. This well-maintained building offers a blend of established infrastructure and modern conveniences, making it a truly attractive investment opportunity in a desirable Godfrey location. The property's multi-use potential allows for a wide range of business applications, making it a versatile and adaptable space for future growth.

    Property Features for 3021 Godfrey Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    20,909 SF

    Building Details

    Year Built
    1975
    Property Profile Location Intelligence

    Current Use by Public Records

    618 Insurance Insurance Agency Smith Construction Inc General Contractor

    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
    Godfrey
    County
    Madison-IL
    State
    Illinois
    Longitude
    -90.19077
    Latitude
    38.92883

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    FAQs

    What type of property is this?
    Commercial real estate - Multi-use building with ample parking and basement.
    Where is this commercial real estate located?
    The property is located at 3021 Godfrey Rd Godfrey, IL.
    What is the asking price?
    The asking price for this property is $269,000.
    251-9121
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    3021 Godfrey Rd Godfrey, IL 62035
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    Godfrey, IL 62035
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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
    3021 Godfrey Rd Godfrey, IL 62035
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