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    2 Richard Mark Way Collinsville, IL 62234

    Sponsored
    For Sale
    $2,100,000

    I-55 Frontage, High Visibility, 8,960 SF

    Property size:
    8,960 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional 8,960-square-foot all-brick office building is strategically located on a frontage road directly off Interstate 55 in Collinsville, Illinois. Its prime location ensures high visibility to the thousands of vehicles traveling I-55 daily, providing unparalleled exposure for your business. The 1.75-acre lot offers ample space, including a large parking lot accommodating 74 vehicles. The building itself features a well-maintained interior with desirable amenities including an executive office and a conference room, each equipped with its own kitchenette. There is also a significant amount of open space adaptable to various business needs. The property is currently under a triple net lease, extending through the end of 2025, offering a stable income stream for an investor. Its proximity to numerous restaurants, shopping centers, hotels, and the city of St. Louis further enhances its appeal and accessibility. This presents a unique opportunity to acquire a high-profile commercial property in a thriving location with excellent visibility and existing lease income. The building's solid construction and desirable features make it an ideal investment for a discerning buyer seeking a strong return on investment in a prime commercial location. The substantial parking capacity caters to employees and clients alike, ensuring convenience and accessibility. The existing lease provides immediate cash flow, minimizing risk and maximizing potential returns.

    Property Features for 2 Richard Mark Way

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,960 SF
    Lot Size
    76,230 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Collinsville
    County
    Madison
    State
    Illinois
    Longitude
    -90.01722
    Latitude
    38.678

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    FAQs

    What type of property is this?
    Commercial real estate - I-55 Frontage, High Visibility, 8,960 SF
    Where is this commercial real estate located?
    The property is located at 2 Richard Mark Way Collinsville, IL.
    What is the asking price?
    The asking price for this property is $2,100,000.
    Request Owner's contact information
    2 Richard Mark Way Collinsville, IL 62234
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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
    2 Richard Mark Way Collinsville, IL 62234
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