Automotive Garage with EV
For Sale
$199,900
106 S Spencer Street, Bethalto, IL 62010
The insulated interior includes HVAC, a three-quarter bath, and an electric vehicle charging station.
Property Size1,740 SF
Price / SF$114.89
Days on Market14
Property Features for 106 S Spencer Street
General Information
Standard status
Active
Size
1,740 SF
Property subtype
Commercial
Zoning
DC
Site & Location
Traffic Count
2,050 vehicles/day
Road Access
Yes
Additional Details
Asking Price
$199,900
Automotive Uses
EV charging
Real Estate Included
Yes
Parking Facility Type
parking garage, surface lot
Taxes and HOA fees
Annual Taxes
$1,418
Amenities
three 8' tall garage doors with openers
12.4' ceilings
race deck flooring
insulated walls and ceilings
electric forced air HVAC system
3/4 bath with 4' seated shower
Clipper Creek EV charging station
over 3,000 sqft asphalt parking lot
3 street road frontage
Building Details
Building Size
1,740 SF
Year Built
2021
Buildings
1
Stories
1
Listing Agency:
Coldwell Banker Paslay Realtor
(618) 377-3377
Listed By:
Michael Paslay · License #RASI
(618) 530-7355
Source:
Blackandassociatesllc
Added: Oct 13
Changed: Oct 25
Last Checked: Oct 23 at 3:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Paslay Realtor
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Investment Insights
Based on property information with market context.
Built in 2021, this 1,740-square-foot automotive property has an oversized garage with three 8-foot doors and openers, 12.4-foot ceilings, and RaceDeck flooring. Insulated walls and ceilings, electric forced-air HVAC, and a three-quarter bath with a seated 4-foot shower add to the interior features. A Clipper Creek EV charging station is installed, and the property includes an asphalt parking area exceeding 3,000 square feet.
The site fronts W. Main, Spencer Street, and W. Sherman. Approximately 2,050 vehicles pass daily, according to IDOT. The property is in Bethalto Business District IV redevelopment and is zoned DC (Downtown Commercial).
The site fronts W. Main, Spencer Street, and W. Sherman. Approximately 2,050 vehicles pass daily, according to IDOT. The property is in Bethalto Business District IV redevelopment and is zoned DC (Downtown Commercial).
Key Highlights
- Three 8‑foot garage doors with openers and 12.4‑foot ceilings
- 1,740‑square‑foot building with RaceDeck flooring and insulated walls and ceilings
- Over 3,000 square feet of asphalt parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,189
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$143,780
$143.8K
Cap Rate 7%
$102,700
$102.7K
Cap Rate 9%
$79,878
$79.9K
Market Conditions
NOI Build-Up for 1,740 SF
Gross rent
$10.5K $6.06/SF
− Vacancy
−$274 −$0.16/SF
EGI
$10.3K $5.90/SF
− OpEx
−$3.1K −$1.77/SF
NOI
$7.2K $4.13/SF
Area
Madison County, IL
Vacancy
2.60%
Lease Rate
$6.06 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$143,780
Cap Rate 7%
$102,700
Cap Rate 9%
$79,878
Alternative Uses
Best Use
Retail
$305.1K
$266.9K – $355.9K
NOI $21,354 @ 7.0% cap · market cap 10.68%
Second Best
Industrial
$102.7K
$89.9K – $119.8K
NOI $7,189 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$474.3K
$415.0K – $553.3K
NOI $33,199 @ 7.0% cap · market cap 16.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2,050 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62010, IL
10,847
Population
5,163
Households
2.1
Avg Household Size
41
Median Age
30%
College-Educated
93%
High-School Grad
21.2 sq mi
ZIP Area
512
Density / Sq Mi
$72,717
Median Household Income
$46,689
Median Earnings
$896
Median Rent
$170,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 333 W Bethalto Dr, Bethalto, IL 62010
- U-Haul Neighborhood Dealer — 310 W Bethalto Dr, Bethalto, IL 62010
Frequently Asked Questions
What type of property is this?
Automotive property - The insulated interior includes HVAC, a three-quarter bath, and an electric vehicle charging station.
Where is this automotive property located?
The property is located at 106 S Spencer Street Bethalto, IL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Three 8‑foot garage doors with openers and 12.4‑foot ceilings; 1,740‑square‑foot building with RaceDeck flooring and insulated walls and ceilings; Over 3,000 square feet of asphalt parking
