Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    331 Great Place Dr, Unit 6 Edwardsville, IL 62025

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,199,208

    Commercial land with high traffic count and prime location.

    Lot size:
    2.29 Acres

    Property Features for 331 Great Place Dr

    General Information

    Standard status
    Active
    Lot size
    2.29 Acres

    We can help!

    Listing Contact
    Gerry Schuetzenhofer
    Gerry Schuetzenhofer
    Source: Exitrealty

    Listing Agency: Coldwell Banker Commercial Brown Realtors Listing Agent: Gerry Schuetzenhofer

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

    Learn more

    Overview

    Commercial Land in High-Traffic Area

    This commercial land, identified as Lot #6, is located within the Alpha Omega Commercial Park. The property benefits from its location on a five-lane highway at a four-way lighted intersection. It is situated directly across from the entrance to Ginger Creek. The average daily traffic count is 20,000. Taxes and parcel number are to be determined.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Edwardsville
    County
    Madison
    State
    Illinois
    Longitude
    -89.9742
    Latitude
    38.8031

    Nearby Similar for Sale

    • New
      $695,000
      4,815 SF

      Edwardsville Office Near SIUE Campus

      Well-maintained 4,800+ sq ft office building near SIUE.
      100 N Research Dr, Edwardsville, IL 62025
      View Details
    • New
      $720,000
      4,004 SF

      New Construction Duplex Investment Property

      New construction duplex with hardwood floors and granite countertops.
      652 N Kansas St, Edwardsville, IL 62025
      View Details
    • $1,030,000
      17,056 SF

      Versatile Mixed-Use Commercial Property

      Expansive 17,000+ sq ft property in downtown Edwardsville.
      201 W High St, Edwardsville, IL 62025
      View Details
    • $1,350,000
      4,224 SF

      Prime Commercial Site in Edwardsville

      1.03 acre commercial site with high traffic location.
      1100 S State Route 157, Edwardsville, IL 62025
      View Details
    • New
      $758,700
      5.62 Acres

      Edwardsville Commercial Land For Sale

      Mixed-use commercial property in Gateway Commerce Center Enterprise zone.
      3955 Blackburn Rd, Edwardsville, IL 62025
      View Details
    • $1,350,000
      4,224 SF

      Restaurant on High-Traffic Corner Lot

      Restaurant with high visibility on a 1.03-acre corner lot.
      1100 S State Route 157, Edwardsville, IL 62025
      View Details
    • Contact for pricing

      Fully Leased Retail Center

      100% occupied retail center in a fast-growing St. Louis suburb.
      2323 Plum St, Edwardsville, IL 62025
      View Details
    • $2,150,933
      10,640 SF

      New Construction Freestanding Retail Building

      New construction retail building with long-term NNN lease.
      6783 Moro Rd, Edwardsville, IL 62025
      View Details
    • New
      Contact for pricing
      4,815 SF

      Edwardsville Office Building on Campus

      Prime commercial opportunity near SIUE campus with functional office space.
      100 N Research Dr, Edwardsville, IL 62025
      View Details
    • Contact for pricing

      Versatile Commercial Property in Edwardsville

      17,000+ sq ft commercial property suitable for various uses.
      201 W High St, Edwardsville, IL 62025
      View Details
    • Contact for pricing
      7,682 SF

      7,682 SF Steel Warehouse

      Warehouse with 2.88 acre lot and climate-controlled office space.
      5446 Chain Of Rocks Rd, Edwardsville, IL 62025
      View Details
    • $1,900,000
      1.28 Acres

      Edwardsville Commercial Property - $1.9M

      Prime Edwardsville location, office/warehouse, high traffic.
      1186 State Route 157, Edwardsville, IL 62025
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with high traffic count and prime location.
    Where is this commercial land located?
    The property is located at 331 Great Place Dr, Unit 6 Edwardsville, IL.
    What is the asking price?
    The asking price for this property is $1,199,208.
    What are key features of this property?
    This property features: - High traffic location with an average daily traffic count of 20,000.; - Excellent accessibility on a 5-lane highway at a 4-way lighted intersection.; - Proximity to established area, directly across from the entrance to Ginger Creek.
    (618) 407-1293
    Request Owner's contact information
    331 Great Place Dr, Unit 6 Edwardsville, IL 62025
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    331 Great Place Dr, Unit 6
    Edwardsville, IL 62025
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    331 Great Place Dr, Unit 6 Edwardsville, IL 62025
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gerry Schuetzenhofer
    Gerry Schuetzenhofer
    Real Estate License ID: 471000788
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!