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    296 W Main St Glen Carbon, IL 62034

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    For Sale
    $634,242

    Retail property in Glen Carbon, Illinois, near major highways.

    Property size:
    8,744 SF
    Lot size:
    0.84 Acres

    Property Features for 296 W Main St

    General Information

    Size
    8,744 SF
    Lot size
    0.84 Acres

    Source: Secure Net Lease - Dallas Agent Todd Lewis

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

    Overview

    Glen Carbon Retail Investment Opportunity

    This retail property, constructed in 2003, features an 8,744 square foot building situated on a 0.84 acre site. The property is under a 25-year NN+ lease, which was recently renewed in 2023 and includes one remaining option with a 4% rent increase. Located in Glen Carbon, within the rapidly growing St. Louis Metropolitan Statistical Area (MSA) with a population of 2.81 million, the property benefits from its proximity to major highways I-285 and I-270, which have combined traffic counts exceeding 15,000 vehicles per day. It is also located near Anderson Hospital (151 beds), Southern Illinois University Edwardsville (SIUE) with 14,000 students, and Lambert-St. Louis International Airport, which serves 15 million annual passengers. The property is in close proximity to national retailers including Walmart, Target, Sam’s Club, Best Buy, Lowe’s, and Aldi. The tenant, Dollar General, is a Fortune 500 company and one of the largest discount retailers in the U.S., operating over 20,000 stores across 47 states.
    Insight Report Location Intelligence

    Current Use by Public Records

    FedEx OnSite Mailing Service Western Union Money Transfer Service Dollar General Dollar Store

    Suggested Use

    Law Firm Spa & Massage Building Supply Auto Repair Shop Gym & Fitness Accounting Firm Hotel & Motel Kitchen & Bath Bar & Pub Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Carbon
    County
    Madison
    State
    Illinois
    Longitude
    -90.000603
    Latitude
    38.743817

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    FAQs

    What type of property is this?
    Storefront property - Retail property in Glen Carbon, Illinois, near major highways.
    Where is this storefront property located?
    The property is located at 296 W Main St Glen Carbon, IL.
    What is the asking price?
    The asking price for this property is $634,242.
    What are key features of this property?
    This property features: - Long-Term NN+ Lease with Recent Renewal and Rent Increase: Provides stable and increasing income stream.; - Strategic Location Near Major Highways: High visibility and accessibility due to proximity to I-285 & I-270.; - Strong Tenant: Dollar General, a Fortune 500 company, ensures reliable tenancy.
    (512) 957-0597
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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
    296 W Main St Glen Carbon, IL 62034
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