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    3931-3933 Lake Dr Granite City, IL 62040

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    For Sale
    $259,000

    Two industrial buildings totaling 4,800 SF near major routes.

    Property size:
    4,800 SF
    Lot size:
    0.27 Acres

    Property Features for 3931-3933 Lake Dr

    General Information

    Size
    4,800 SF
    Lot size
    0.27 Acres

    Source: BARBERMurphy Agent John L Eichenlaub

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

    Overview

    Two Industrial Buildings on Lake

    Two industrial buildings, each measuring 2,400 square feet, are available. The right-side building is climate-controlled, heated, and insulated. It features LED lighting, a 12-foot by 12-foot office, a restroom, and a 10-foot by 12-foot drive-in door. The left-side building includes a 12-foot by 12-foot office, a restroom, LED lighting, and a 10-foot by 12-foot drive-in door, but it is not heated or insulated. The property is located on Lake Drive, one block off Illinois Route 111, and in close proximity to I-270 and I-255. It is situated near other light-industrial properties.
    Location Intelligence

    Current Use by Public Records

    Flex space

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Granite City
    County
    Madison
    State
    Illinois
    Longitude
    -90.075808
    Latitude
    38.728018

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    FAQs

    What type of property is this?
    Flex space - Two industrial buildings totaling 4,800 SF near major routes.
    Where is this flex space located?
    The property is located at 3931-3933 Lake Dr Granite City, IL.
    What is the asking price?
    The asking price for this property is $259,000.
    What are key features of this property?
    This property features: - Two 2,400 SF industrial buildings provide ample space and flexibility; - Excellent location: 1 block from IL Route 111 and close to I-270 and I-255; - **One building is climate-controlled, heated, and insulated**
    (618) 277-4400
    Request Owner's contact information
    3931-3933 Lake Dr 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
    3931-3933 Lake Dr Granite City, IL 62040
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