Turnkey Former Bank
2143 S State Rte 157 Edwardsville, IL 62025
For Sale
Contact for pricing
Former banking facility includes main and lower levels, elevator service, and four drive-up lanes with an additional ATM building.
Property Size7,704 SF
Price / SF$324.51
Days on Market212
Property Features for 2143 S State Rte 157
General Information
Standard status
Active
Size
7,704 SF
Property subtype
RETAIL
Listing Agency:
BARBERMurphy
(618) 277-4400
Listed By:
Collin Fischer
(618) 420-2376
Source:
Moodyscre
Added: Dec 30, 2025
Changed: Jul 29
Last Checked: Jul 29 at 5:18AM
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.
Turnkey 7,704 SF former banking facility offered for sale. The building is served by an elevator and includes 3,852 SF on the main level and 3,854 SF on the lower level. The main level features a welcoming lobby and waiting area, five offices, two vaults, teller area, two ADA restrooms, and a secured back office work area. Lower level space includes an employee break room, two private offices, two ADA restrooms, record keeping and storage areas, an open bull pen with kitchenette, and an additional large vault. Access between levels is provided by two sets of stairs. The property also has 4 drive-up lanes with functioning tubes, plus a separate drive-up ATM building on the west side of the site. Three-phase power is available.
The facility is located on IL-157 between Butler Rd and Club Centre Ct. The offering notes tremendous visibility and average daily traffic in a high-growth corridor, with the property approximately 1 mile off I-270 at exit 9.
The facility is located on IL-157 between Butler Rd and Club Centre Ct. The offering notes tremendous visibility and average daily traffic in a high-growth corridor, with the property approximately 1 mile off I-270 at exit 9.
Key Highlights
- 7,704 SF former banking facility with 3,852 SF main level and 3,854 SF lower level
- Elevator served; includes 5 offices on main level plus secured back office work area and tellers
- Main level features 2 vaults and a welcoming lobby/waiting area with 2 ADA restrooms
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.7k | $18.00 |
| − Vacancy | −$3.6k | −$0.47 |
| EGI | $135.1k | $17.53 |
| − OpEx | −$40.5k | −$5.26 |
| NOI | $94.5k | $12.27 |
7,704 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.58M
NOI $94,547 @ 7.0% cap · market cap 3.78%
Second Best
Specialty Retail
$1.31M
$1.14M – $1.52M
NOI $91,368 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $146,992 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Bank - Former banking facility includes main and lower levels, elevator service, and four drive-up lanes with an additional ATM building.
Where is this bank located?
The property is located at 2143 S State Rte 157 Edwardsville, IL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 7,704 SF former banking facility with 3,852 SF main level and 3,854 SF lower level; Elevator served; includes 5 offices on main level plus secured back office work area and tellers; Main level features 2 vaults and a welcoming lobby/waiting area with 2 ADA restrooms
