216 Evergreen Lane, Glen Carbon, IL 62034
Modern, finished space with polished concrete floors, private offices, and two ADA restrooms for office or medical use.
- Added:
- Jun 25, 2026
- Days on Market:
- 14
- Last Refresh:
- Jul 8 at 2:44 am
Property Features for 216 Evergreen Lane
General Information
- Standard status
- Active
- Size
- 3,990 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2018
Listing office H3 Capital Real Estate, Llc (618) 606-3829
Listing date Jun 25, 2026
Source Exit2newbeginningz
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 H3 Capital Real Estate, Llc
HighLights
- Modern 3,990 SF commercial building (built 2018) in Magnolia Commons Business Park at 216 Evergreen Ln, Glen Carbon
- 2,030 SF available for lease at $22/SF NNN, with space finished in 2020
- Interior features polished concrete floors, high ceilings, abundant natural light, and an open layout
- Includes a private office and two ADA‑compliant restrooms
- Ideal for office, medical, professional service, studio, event, or specialty retail users (verify permitted use)
Overview
The building is located on the Glen Carbon/Edwardsville border near Meridian Plaza. Access is described as easy to major interstate highways, with approximately 25 minutes to St. Louis.
The current configuration is well suited for office, medical office, professional services, or other studio and specialty retail concepts, given the combination of open work area, private office space, and ADA restroom facilities. The seller advises that buyer/tenant and their representatives verify all information including measurements, zoning, permitted use, expenses, and availability.
Local Financial Insights For Office B
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 | $95.8k | $24.00 |
| − Vacancy | −$11.5k | −$2.88 |
| EGI | $84.3k | $21.12 |
| − OpEx | −$21.1k | −$5.28 |
| NOI | $63.2k | $15.84 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Glen Carbon
- County
- Madison
- State
- Illinois
- Longitude
- -89.986109
- Latitude
- 38.774235
