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    651 S Madison St Lebanon, IL 62254

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    For Sale
    $1,850,000

    Prime retail facility built in 2020 on 1.93 acres.

    Property size:
    11,742 SF
    Lot size:
    1.93 Acres

    Property Features for 651 S Madison St

    General Information

    Size
    11,742 SF
    Lot size
    1.93 Acres

    Source: RE/MAX Preferred, Commercial Division Agent Linda Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Modern Retail Facility in Lebanon

    The property at 651 S. Madison Street, Lebanon, IL, is a retail facility known as Don's IGA. Constructed in 2020, the building offers 11,742 square feet of space on a 1.93-acre lot. The property has over 170 feet of frontage on S. Madison St. and benefits from a traffic count of 14,800 vehicles per day on HWY 50 / IL Rte. 4. Zoned C-1, the site is located within a TIF District and Enterprise Zone in the Business District. The facility features a large open area, warehouse space, 15-foot ceilings, and 3-phase electric power. It also includes a dual entrance foyer. The property is suitable for retail or commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Don’s IGA Grocery Store Coin Cloud Bitcoin ... Atm Western Union Money Transfer Service

    Suggested Use

    Restaurant Realty agency 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
    Lebanon
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.8082728
    Latitude
    38.5977577

    Nearby Similar for Sale

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    • $150,000
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      Car Wash Opportunity in Lebanon

      Car wash with highway visibility on a double lot.
      221 N Madison St, Lebanon, IL 62254
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    • $325,000
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      High-Traffic Lebanon Commercial Lot

      Prime .25-acre lot, high visibility.
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    FAQs

    What type of property is this?
    Grocery and convenience store - Prime retail facility built in 2020 on 1.93 acres.
    Where is this grocery and convenience store located?
    The property is located at 651 S Madison St Lebanon, IL.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - Modern 11,742 SF retail facility built in 2020.; - High visibility location with 170'+ frontage on S. Madison St. and a traffic count of 14,800 VPD.; - Large 1.93-acre lot zoned C-1 in a TIF District and Enterprise Zone.
    (618) 444-3888
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    651 S Madison St Lebanon, IL 62254
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    Lebanon, IL 62254
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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
    651 S Madison St Lebanon, IL 62254
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