Turnkey Former Bank
For Sale
Contact for pricing
2143 S State Rte 157, Edwardsville, IL 62025
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 Market303
Property Features for 2143 S State Rte 157
General Information
Standard status
Active
Size
7,704 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Amenities
elevator
lobby and waiting area
vaults
ADA restrooms
secured back office work area
tellers area
drive-up lanes
drive-up ATM
employee break room
kitchenette
record keeping/storage areas
bull pen
Building Details
Buildings
2
Stories
2
Listing Agency:
BARBERMurphy
(618) 277-4400
Listed By:
Collin Fischer
(618) 420-2376
Source:
Moodyscre
Added: Dec 30, 2025
Changed: Oct 25
Last Checked: Oct 28 at 11:30AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$94,547
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,890,940
$1.9M
Cap Rate 7%
$1,350,671
$1.4M
Cap Rate 9%
$1,050,522
$1.1M
Market Conditions
NOI Build-Up for 7,704 SF
Gross rent
$138.7K $18.00/SF
− Vacancy
−$3.6K −$0.47/SF
EGI
$135.1K $17.53/SF
− OpEx
−$40.5K −$5.26/SF
NOI
$94.5K $12.27/SF
Area
Madison County, IL
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,890,940
Cap Rate 7%
$1,350,671
Cap Rate 9%
$1,050,522
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 39%
Apparel 7%
MotoMart
Shops & Services
13,881 visits/mo
0.2 miles
McAlister's Deli
Dining
9,599 visits/mo
0.4 miles
Play It Again Sports
Apparel
1,988 visits/mo
0.2 miles
SUBWAY
Dining
892 visits/mo
0.3 miles
Clarkson Eyecare
Shops & Services
584 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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
