Property profile

1186 State Rte 157 Edwardsville, IL 62025

OFF-MARKET
Office Spaces
Property ID
US28-0756416
3,418 SF 1.28 ac lot Built 1999
Entity Owned 24-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 1186 S. State Route 157 in Edwardsville, Illinois, presents a unique investment opportunity. Boasting a total of 7190 square feet, the building offers a versatile blend of office and warehouse space, ideal for a variety of commercial uses. The 2429 square foot office area features a welcoming reception area, private offices, a soundproof conference room, a convenient break room, and an upper-level lounge area, providing a comfortable and productive work environment. The expansive 3776 square foot warehouse space is equipped with two oversized 18-foot doors, a 9-foot garage door, high vaulted ceilings, and robust concrete flooring, suitable for heavy equipment. Situated on a 1.28-acre lot, the property benefits from over 205 feet of frontage along State Route 157, a high-traffic area with over 19,900 vehicles passing daily. Ample parking is available with 47 spaces, and there's potential for expansion. The property features a full brick exterior, a 22x59 covered patio/carport, professional landscaping, and attractive green space. A new roof was installed in August 2024. The property also includes monument signage, enhancing its visibility and appeal. This property offers a compelling combination of prime location, substantial space, and high-quality finishes, making it an excellent choice for discerning businesses seeking a prominent presence in a thriving Edwardsville market.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1999
Total area 3,418 SF
Lot 1.28 ac (55,757 SF)
APN 14-2-15-22-10-101-002
UPID US28-0756416

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1186 State Rte 157 Edwardsville, IL 62025
Edwardsville metro Census 403121 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
$515k
Comparable Approach Comparable
$563k
Blend (final) Blend
$430k

Owner & transaction history

since 2001
7 recorded transactions
2006
Price N/A
2005
Price N/A
2001
Price N/A
1999
$627,500
1998
$125,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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