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    3165 Myrtle Ave Granite City, IL 62040

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    For Sale
    $149,000

    3,021 SF medical office condo for sale, renovated in 2024.

    Property size:
    3,021 SF
    Lot size:
    0.36 Acres

    Property Features for 3165 Myrtle Ave

    General Information

    Size
    3,021 SF
    Lot size
    0.36 Acres

    Source: BARBERMurphy Agent John L Eichenlaub

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

    Overview

    Renovated Medical Office Condo

    A 3,021 square foot medical office condo is available for sale. The condo, located in the Bellmore Medical Building, was renovated in 2024. The space features two reception areas, four restrooms, a lab, and ten offices. The 2024 Homeowner Association fee is $2,400 annually. The property is situated in a heavy business district, one block from Nameoki Road, with retail and office users nearby. Other users in the building include SSM Healthcare and Bradford Eye Care. Owner financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Bellemore Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Granite City
    County
    Madison
    State
    Illinois
    Longitude
    -90.12155
    Latitude
    38.719199

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    FAQs

    What type of property is this?
    Medical office - 3,021 SF medical office condo for sale, renovated in 2024.
    Where is this medical office located?
    The property is located at 3165 Myrtle Ave Granite City, IL.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: - Owner financing available; - Renovated in 2024; - Located in Bellmore Medical Building with established tenants like SSM Healthcare and Bradford Eye Care
    (618) 277-4400
    Request Owner's contact information
    3165 Myrtle Ave Granite City, IL 62040
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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
    3165 Myrtle Ave Granite City, IL 62040
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