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    2721 Madison Ave Granite City, IL 62040

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    For Sale
    $150,000

    1,560 SF retail building with parking and drive-thru potential.

    Property size:
    1,560 SF
    Lot size:
    0.11 Acres

    Property Features for 2721 Madison Ave

    General Information

    Size
    1,560 SF
    Lot size
    0.11 Acres

    Source: BARBERMurphy Agent Michael T Durbin

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

    Overview

    Retail Building with Drive-Thru Potential

    This 1,560 SF retail building features an attached parking lot and drive-thru potential. The layout includes a showroom or open area, office space, and storage. The property is centrally located on Madison Ave, off of the main thoroughfare Nameoki Rd, where traffic counts exceed 10,000 cars per day.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    Granite City
    County
    Madison
    State
    Illinois
    Longitude
    -90.131134
    Latitude
    38.712185

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    FAQs

    What type of property is this?
    Retail space - 1,560 SF retail building with parking and drive-thru potential.
    Where is this retail space located?
    The property is located at 2721 Madison Ave Granite City, IL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Drive-thru potential; - Attached parking lot; - High traffic location with over 10,000 cars per day
    (618) 277-4400
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    2721 Madison Ave Granite City, IL 62040
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    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
    2721 Madison Ave Granite City, IL 62040
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