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    115 Executive Dr Highland, IL

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    For Sale
    $2,150,000

    Single tenant office building with long-term lease in place.

    Property size:
    12,827 SF
    Lot size:
    3.15 Acres

    Property Features for 115 Executive Dr

    General Information

    Size
    12,827 SF
    Lot size
    3.15 Acres

    Source: BARBERMurphy Agent Collin Fischer

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

    Overview

    Single Tenant Office Building For Sale

    This single-tenant office building is available for sale and features a long-term tenant. The tenant recently signed a five-year lease extension through December 31, 2029. The lease is structured as a triple-net lease, where the tenant is responsible for all utilities, maintenance, and taxes. LED lighting was installed in 2018. The landlord is responsible for the roof and structure. The property is located in the heart of the Midwest, approximately 30 miles east of St. Louis, and within a 500-mile radius of ten major U.S. markets. The property contains 12,827 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Madison
    State
    Illinois
    Longitude
    -89.6712008
    Latitude
    38.7394918

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    FAQs

    What type of property is this?
    Office building - Single tenant office building with long-term lease in place.
    Where is this office building located?
    The property is located at 115 Executive Dr Highland, IL.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: - Long-term tenant in place with lease extension through 12/31/29.; - Triple-net lease structure with tenant responsible for utilities, maintenance, and taxes.; - Single tenant office building.
    (618) 420-2376
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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
    115 Executive Dr Highland, IL
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