Restaurant Property with Drive-Up
For Sale
Under Contract
$1,350,000
1100 S State Route 157, Edwardsville, IL 62025
Commercial Sale, Edwardsville, IL
Property Size4,224 SF
Lot Size1.03 Acres
Price / SF$319.60
Days on Market111
Property Features for 1100 S State Route 157
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot, Open
Security features
Security System
Accessibility
Accessible Approach with Ramp
Subdivision
Not in a Subdivision
Lot features
Sprinklers In Front, Sprinklers In Rear
Directions
From Center Grove Rd turn South on S State Rt 157, second lot off corner on left.
Standard status
Active Under Contract
APN
14-1-15-22-00-000-004.022
Size
4,224 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Year
2022
Tax Description
PT E 1/2 NW
Tax Annual Amount
34064
Legal Description
PT E 1/2 NW
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air, Electric
Water source
Public
Amenities
drive-up window
patio
Building Details
Year built
2000
Floors in Building
1
Buildings
1
Listing Agency:
Coldwell Banker Brown Realtors · Coldwell Banker Real Estate
(618) 656-2278
Listed By:
Janet Urbanek
(618) 780-5844
Added: Jul 11
Changed: Oct 26
Last Checked: Oct 29 at 10:06AM
MLS# 24019123
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The property includes a 4,224 SF restaurant building on a 1.03-acre commercial site. Interior improvements comprise a kitchen, spacious dining area, two lavatories, and a drive-up window, with a patio supporting the customer area. The site provides 44 parking spaces and an accessible approach with ramp. A rolled rubber roof was installed in 2016, and the dining area was remodeled in 2020.
Located at 1100 S State Route 157 in Edwardsville, the property fronts a five-lane highway with 195 feet of frontage and reported average daily traffic of 20,000. It is positioned one lot from the Center Grove Road intersection, near a four-way signalized intersection and next to Sav-On Liquor. Public water and sewer serve the site, with forced-air heating and central electric air conditioning.
Located at 1100 S State Route 157 in Edwardsville, the property fronts a five-lane highway with 195 feet of frontage and reported average daily traffic of 20,000. It is positioned one lot from the Center Grove Road intersection, near a four-way signalized intersection and next to Sav-On Liquor. Public water and sewer serve the site, with forced-air heating and central electric air conditioning.
Key Highlights
- 4,224 SF restaurant building on a 1.03‑acre site
- 195 feet of frontage along five‑lane State Route 157
- Reported average daily traffic of 20,000
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,096
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,920
$1.0M
Cap Rate 7%
$715,657
$715.7K
Cap Rate 9%
$556,622
$556.6K
Market Conditions
NOI Build-Up for 4,224 SF
Gross rent
$72.0K $17.04/SF
− Vacancy
−$5.2K −$1.23/SF
EGI
$66.8K $15.81/SF
− OpEx
−$16.7K −$3.95/SF
NOI
$50.1K $11.86/SF
Area
Madison County, IL
Vacancy
7.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,920
Cap Rate 7%
$715,657
Cap Rate 9%
$556,622
Alternative Uses
Best Use
Specialty Retail
$715.7K
$626.2K – $834.9K
NOI $50,096 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,594 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
20,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
133k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 28%
Hotels & Casinos 8%
Circle K
Shops & Services
29,597 visits/mo
0.1 miles
McDonald's
Dining
21,993 visits/mo
0.1 miles
Starbucks
Dining
17,744 visits/mo
0.1 miles
SONIC Drive In
Dining
11,959 visits/mo
0.1 miles
Wendy's
Dining
11,195 visits/mo
0.1 miles
Demographics for 62025, IL
35,229
Population
14,347
Households
2.5
Avg Household Size
36
Median Age
53%
College-Educated
97%
High-School Grad
112.2 sq mi
ZIP Area
314
Density / Sq Mi
$103,300
Median Household Income
$54,529
Median Earnings
$1,215
Median Rent
$295,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant improvements include a kitchen, dining area, patio, and customer parking.
Where is this conventional restaurant located?
The property is located at 1100 S State Route 157 Edwardsville, IL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 4,224 SF restaurant building on a 1.03‑acre site; 195 feet of frontage along five‑lane State Route 157; Reported average daily traffic of 20,000
