Building Details

Building Size 17,056 SF

Year Built 1940

Buildings 1

Listing Agency: Coldwell Banker Brown Realtors p***@cbbrownrealtors.com Show Phone

Listed By: Angela Zangori · License #475.211647 Show Phone

Source: Flowershomerealty

Added: Mar 3 Changed: Oct 24 Last Checked: Oct 23 at 4:31PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

The 17,056-square-foot flex property at 201 W High Street in Edwardsville, Illinois, was built in 1940 and is zoned B-2. Its layout combines dedicated office space with a large warehouse area, a receiving area, and a loading dock. Two overhead doors serve the building, and eight storage-unit-style spaces provide additional storage areas within the property.

The property is in downtown Edwardsville. Its mix of office, warehouse, loading, and storage components is part of the existing building configuration.

Key Highlights

• 17,056 square feet; built in 1940
• Zoned B‑2
• Dedicated office space alongside a warehouse area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,470

Cap Rate

8.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,409,400 $1.4M

Cap Rate 7%

$1,006,714 $1.0M

Cap Rate 9%

$783,000 $783.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 17,056 SF

Gross rent

$103.4K $6.06/SF

− Vacancy

−$2.7K −$0.16/SF

EGI

$100.7K $5.90/SF

− OpEx

−$30.2K −$1.77/SF

NOI

$70.5K $4.13/SF

Area

Madison County, IL

Vacancy

2.60%

Lease Rate

$6.06 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,409,400

Cap Rate 7%

$1,006,714

Cap Rate 9%

$783,000

Alternative Uses

Best Use

Warehouse

$1.22M

$1.07M – $1.43M (±1% cap)

NOI $85,571 @ 7.0% cap · market cap 10.70%

Second Best

Industrial

$1.01M

$880.9K – $1.17M (±1% cap)

NOI $70,470 @ 7.0% cap · market cap 8.81%

Theoretical Best

Office A

$4.65M

$4.07M – $5.42M (±1% cap)

NOI $325,428 @ 7.0% cap · market cap 40.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Kitchenland Hardware & Home Improvement

Suggested Use

Top Pick Plumbing Service Garden Center Carpet & Flooring Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair Tech Support 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.

Location Intelligence

Trade Area within ½ mile

1,015

Businesses Nearby

Balanced

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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Office, warehouse, receiving, and storage areas support varied business operations.

Where is this flex space located?

The property is located at 201 W High Street Edwardsville, IL.

What is the asking price?

The asking price for this property is $800,000.

What are key features of this property?

This property features: 17,056 square feet; built in 1940; Zoned B‑2; Dedicated office space alongside a warehouse area