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Office/Retail Space with Shared Parking
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7354 State Rte 162, Troy, IL 62294

Flexible office and retail space with shared parking and rear tenant parking near Anderson Hospital and local schools.

Space Size4,000 SF
Days on Market546

Property Features for 7354 State Rte 162

General Information

Standard status Active
Size 4,000 SF
Property subtype OFFICE
Lease Type NNN

Site & Location

Traffic Count 14,500 vehicles/day
Highway Access Yes
Road Access Yes

Spaces For Lease

at 7354 State Rte 162 Contact us

2,000-4,000 SF for Lease $15 – $17/SF/Yr

Floor
1
Size
4,000 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
2,000-4,000 SF office/retail space close to Anderson Hospital and three nearby schools....
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Listing Agency: BARBERMurphy
Listed By: Scott Muentnich · License #475203507
Source: Moodyscre
Added: Mar 17, 2025 Changed: Sep 6 Last Checked: Sep 13 at 7:49AM

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

Investment Insights

Based on property information with market context.

Available for lease is office/retail space ranging from 2,000 to 4,000 SF, offered close to Anderson Hospital and three nearby schools. The configuration supports a combined office and retail use and is paired with extensive on-site parking.

The property includes over 60 shared parking spaces, along with rear parking for tenants. Access is available to 159, and the location offers high visibility to Route 162, which connects to I-55, I-70, I-270 and Route 159. Average daily traffic is reported at 14,500 vehicles per day.

The site is positioned to serve both professional office and retail needs, with parking convenience for visitors and staff.

Key Highlights

  • Flexible 2,000–4,000 SF office/retail space near Anderson Hospital
  • Over 60 shared parking spaces plus rear parking for tenants
  • Close to three nearby schools

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Hair Salon Real Estate Agency Big Box & Wholesale Store Electrical Service Storage Facility Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14,500 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

70
Businesses Nearby

Demographics for 62294, IL

15,431
Population
6,138
Households
2.5
Avg Household Size
39
Median Age
47%
College-Educated
98%
High-School Grad
29.5 sq mi
ZIP Area
523
Density / Sq Mi
$108,418
Median Household Income
$57,002
Median Earnings
$1,069
Median Rent
$255,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Flexible office and retail space with shared parking and rear tenant parking near Anderson Hospital and local schools.
Where is this office units located?
The property is located at 7354 State Rte 162 Troy, IL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Flexible 2,000–4,000 SF office/retail space near Anderson Hospital; Over 60 shared parking spaces plus rear parking for tenants; Close to three nearby schools
(618) 975-0504 Call to check price and availability
More about this property
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