Office/Warehouse on 0.9
For Sale
Contact for pricing
2525 19 St, Granite City, IL
7,200 SF office/warehouse with asphalt parking lot.
Property Size7,200 SF
Lot Size0.90 Acres
Price / SF$48.61
Days on Market608
Property Features for 2525 19 St
General Information
Standard status
Active
Size
7,200 SF
Lot size
0.90 Acres
Property subtype
INDUSTRIAL
Listing Agency:
BARBERMurphy
(618) 277-4400
Listed By:
Ethan Gowin · License #475209502
(618) 946-1487
Source:
Moodyscre
Added: Feb 28, 2025
Changed: Oct 26
Last Checked: Oct 28 at 11:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BARBERMurphy
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,200 SF office/warehouse is located on a 0.9-acre lot. The property includes 1,440 SF of office space and 5,760 SF of warehouse space. It features one 8'x8' grade-level door and 10' ceiling heights. The property also has an asphalt parking lot.
Key Highlights
- 7,200 SF total space (office/warehouse)
- 5,760 SF of warehouse space
- 1,440 SF of office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,748
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,960
$595.0K
Cap Rate 7%
$424,971
$425.0K
Cap Rate 9%
$330,533
$330.5K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$43.6K $6.06/SF
− Vacancy
−$1.1K −$0.16/SF
EGI
$42.5K $5.90/SF
− OpEx
−$12.7K −$1.77/SF
NOI
$29.7K $4.13/SF
Area
Madison County, IL
Vacancy
2.60%
Lease Rate
$6.06 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,960
Cap Rate 7%
$424,971
Cap Rate 9%
$330,533
Alternative Uses
Best Use
Warehouse
$516.0K
$451.5K – $602.1K
NOI $36,123 @ 7.0% cap · market cap 10.32%
Second Best
Industrial
$425.0K
$371.9K – $495.8K
NOI $29,748 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,376 @ 7.0% cap · market cap 39.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Dixon Mini Storage — 1736 Grand Ave, Granite City, IL 62040
- Granite City Storage — 2001 Adams St, Granite City, IL 62040
Frequently Asked Questions
What type of property is this?
Warehouse - 7,200 SF office/warehouse with asphalt parking lot.
Where is this warehouse located?
The property is located at 2525 19 St Granite City, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 7,200 SF total space (office/warehouse); 5,760 SF of warehouse space; 1,440 SF of office space
