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    230 66 Edwardsville, IL 62025

    For Sale
    $400,000

    Versatile Commercial Building, 1.34 Acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional commercial property in Edwardsville, IL, presents a unique opportunity for a variety of businesses. Situated on a spacious 1.34-acre lot, the property features a fully fenced gravel parking lot, ensuring ample space and security for clients and employees. The main building boasts durable brick construction and a large, open main room with modern porcelain tile flooring, perfect for retail, meetings, or gatherings. Two substantial garage spaces offer versatile storage or workspace options. The first garage, a generous 78' x 18', is ideal for large equipment or vehicle storage, while the second, measuring 18' x 24', includes plumbing for a future bathroom, making it suitable for a workshop or additional workspace. An existing office space and adjacent kitchen area provide convenient amenities. Two half-bathrooms add to the property's functionality. This property's combination of ample space, secure parking, and versatile building features makes it an attractive option for a wide range of commercial ventures. The property is ready for immediate occupancy and offers significant potential for growth and adaptation to various business needs. The location in Edwardsville provides excellent access to local amenities and transportation routes.

    Property Features for 230 66

    General Information

    Property type
    Other commercial real estate
    Lot Size
    58,370 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Edwardsville
    County
    Madison-IL
    State
    Illinois
    Longitude
    -89.97983
    Latitude
    38.78691

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Commercial Building, 1.34 Acres
    Where is this commercial real estate located?
    The property is located at 230 66 Edwardsville, IL.
    What is the asking price?
    The asking price for this property is $400,000.
    433-9436
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    230 66 Edwardsville, IL 62025
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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
    230 66 Edwardsville, IL 62025
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