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    Former Fitness Center Redevelopment Opportunity Title is generated by Realmo AI

    1212 Pineda Ln, Staunton, IL 62088

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    For Sale
    $125,000

    Business - Staunton, IL

    Type:Business
    Property size:
    5,200 SF
    Lot size:
    0.65 Acres
    Price / SF:
    $24/SF
    Added:
    May 28, 2026
    Days on Market:
    4
    Last Refresh:
    May 31 at 10:06 pm

    Property Features for 1212 Pineda Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    01-000-434-00
    Size
    5,200 SF
    Lot size
    0.65 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    16849

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Clifford Homeier

    Listing agent Clifford Homeier License #475.192731

    Listing office Cisler & Associates Real Estate 229 West Main Street, Staunton, IL

    Listing date May 28, 2026

    MLS# 26032647 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 5,200 sq ft of open commercial space suitable for redevelopment.
    • Convenient access from Rt. 4 and Renken Road, 20 minutes from Edwardsville.
    • Flexible layout supports various uses: health services, restaurant, retail, office, or mixed‑use.
    • Includes existing men’s and women’s locker rooms, showers, hot tubs, and saunas.
    • All equipment and contents are included in the sale.
    • Opportunity to build equity through renovation and improvement.

    Overview

    Located on the southeast edge of Staunton, Illinois, at 1212 Pineda Ln, this 5,200 sq ft commercial space offers convenient access from Rt. 4 and Renken Road, and is approximately 20 minutes from Edwardsville and surrounding communities. Previously a fitness center, the property is suited for redevelopment and a new vision. The expansive, flexible layout supports a range of uses, including health services, restaurant concepts, retail, office, or mixed-use development. Existing features include separate men’s and women’s locker rooms, showers, hot tubs, and saunas. All equipment and contents are included in the sale. The owner currently uses the facility for personal workouts. The owner is unsure of the current condition of the equipment, plumbing, and HVAC systems; all were functioning at the time the fitness center closed in 2020 after the COVID pandemic. Situated in an accessible area with generous square footage on a 0.65-acre lot, this property presents an opportunity for buyers looking to build equity through improvement. Currently zoned R2, a special use permit will be required for commercial or alternative uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fitness centers & gyms

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Similar Places Nearby

    • chiropractic wellness center — 704 s hackman st, staunton, il 62088

    Location Insight

    • Map
    • Local Demand
    City
    Staunton
    County
    Macoupin
    State
    Illinois
    Longitude
    -89.8056301
    Latitude
    39.0015625

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    FAQs

    What type of property is this?
    Fitness center & gym - 5,200 sq ft commercial space primed for redevelopment.
    Where is this fitness center & gym located?
    The property is located at 1212 Pineda Ln Staunton, IL.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: 5,200 sq ft of open commercial space suitable for redevelopment.; Convenient access from Rt. 4 and Renken Road, 20 minutes from Edwardsville.; Flexible layout supports various uses: health services, restaurant, retail, office, or mixed‑use.
    (618) 409-7377
    We can help!
    Listing Contact
    Clifford Homeier
    Real Estate License ID: 475.192731
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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