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    1628-1336 Mercantile Dr Highland, IL 62249

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    For Lease
    $10 SF/Yr ($2,533 /Mo)

    3,040 SF remodeled medical office suite for lease.

    Property size:
    3,040 SF
    Lot size:
    1.89 Acres

    Property Features for 1628-1336 Mercantile Dr

    General Information

    Size
    3,040 SF
    Lot size
    1.89 Acres

    Source: BARBERMurphy Agent Collin Fischer

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

    Overview

    Remodeled Medical Office Suite

    This 3,040 square foot medical office suite is located in Woodcrest Plaza in Highland, Illinois, just off Highway 40. The newly remodeled office includes a staff lounge with kitchenette, a waiting room with reception desk, seven exam rooms, one lab/documentation area, and restrooms. Its proximity to St. Louis, Missouri, approximately 30 miles away, provides convenient access to a major metropolitan area. This well-appointed space is suitable for efficient and versatile office operations.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage 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
    Highland
    County
    Madison
    State
    Illinois
    Longitude
    -89.675088
    Latitude
    38.749192

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    FAQs

    What type of property is this?
    Medical office - 3,040 SF remodeled medical office suite for lease.
    Where is this medical office located?
    The property is located at 1628-1336 Mercantile Dr Highland, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Newly remodeled 3,040 SF medical office suite.; - Features a staff lounge with kitchenette, waiting room with reception desk, (7) exam rooms, (1) lab/documentation area, and restrooms.; - Strategically situated in Highland, IL, just off Highway 40 for easy access.
    (618) 420-2376
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    1628-1336 Mercantile Dr Highland, IL 62249
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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
    1628-1336 Mercantile Dr Highland, IL 62249
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