Restaurant and Office
For Sale
$1,025,000
140 N Main Street Edwardsville, Edwardsville, IL 62025
Downtown Edwardsville building offers a bar and patio with office space on the second and third floors.
Property Size5,720 SF
Price / SF$179.20
Days on Market96
Property Features for 140 N Main Street Edwardsville
General Information
Standard status
Active
Size
5,720 SF
Zoning
B1A
Taxes and HOA fees
Annual Taxes
$8,050
Building Details
Building Size
5,720 SF
Buildings
1
Stories
3
Listed By:
Carol Wenger
(309) 722-1612
Source:
Realestatepeoria
Added: Jul 13
Changed: Oct 6
Last Checked: Oct 7 at 8:36AM
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 Carol Wenger
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Investment Insights
Based on property information with market context.
This multi-level commercial building combines food and drink space with office units. The first floor includes an updated sitting area, bar, and a back patio, along with access to the upper floors via a unique iron stair case. The second floor is configured as office space, and the third floor includes a private lounge or efficiency resting area.
Located in downtown Edwardsville, the property is described as being steps from the courthouse, with parking available on the side of the building and at the rear. The building is described as very well maintained.
The layout supports mixed-use functionality, with street-level bar and patio space complemented by office space above.
Located in downtown Edwardsville, the property is described as being steps from the courthouse, with parking available on the side of the building and at the rear. The building is described as very well maintained.
The layout supports mixed-use functionality, with street-level bar and patio space complemented by office space above.
Key Highlights
- Downtown Edwardsville commercial building with a bar and updated sitting area
- Includes a back patio with a unique iron staircase for access to the 2nd and 3rd floors
- Second‑floor office space could provide additional income for the owner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,605
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,812,100
$1.8M
Cap Rate 7%
$1,294,357
$1.3M
Cap Rate 9%
$1,006,722
$1.0M
Market Conditions
NOI Build-Up for 5,720 SF
Gross rent
$137.3K $24.00/SF
− Vacancy
−$16.5K −$2.88/SF
EGI
$120.8K $21.12/SF
− OpEx
−$30.2K −$5.28/SF
NOI
$90.6K $15.84/SF
Area
Madison County, IL
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,812,100
Cap Rate 7%
$1,294,357
Cap Rate 9%
$1,006,722
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,605 @ 7.0% cap · market cap 8.84%
Second Best
Specialty Retail
$969.1K
$848.0K – $1.13M
NOI $67,838 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,138 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,042
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62025, IL
35,229
Population
14,347
Households
2.5
Avg Household Size
36
Median Age
53%
College-Educated
97%
High-School Grad
112.2 sq mi
ZIP Area
314
Density / Sq Mi
$103,300
Median Household Income
$54,529
Median Earnings
$1,215
Median Rent
$295,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Mossy Stone Irish Pub — 871 S Arbor Vitae, Edwardsville, IL 62025
- Reine — 921 S Arbor Vitae, Edwardsville, IL 62025
- Epic Brews — 1001 Enclave Blvd Suite G, Edwardsville, IL 62025
- On the Hill Golf Course and Lounge - Legion Post #199 — 58 IL-157, Edwardsville, IL 62025
- Circle K — 629 W Schwarz St, Edwardsville, IL 62025
Frequently Asked Questions
What type of property is this?
Bar & Pub - Downtown Edwardsville building offers a bar and patio with office space on the second and third floors.
Where is this bar & pub located?
The property is located at 140 N Main Street Edwardsville Edwardsville, IL.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Downtown Edwardsville commercial building with a bar and updated sitting area; Includes a back patio with a unique iron staircase for access to the 2nd and 3rd floors; Second‑floor office space could provide additional income for the owner
