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    Glen Carbon Lower Level Suite Title is generated by Realmo AI

    2160 South State Route 157, Glen Carbon, IL 62034

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    Unfinished 5,145 SF suite ideal for office or retail.

    Type:Office
    Property size:
    5,145 SF
    Added:
    May 20, 2026
    Days on Market:
    8
    Last Refresh:
    May 21 at 7:09 am

    Property Features for 2160 South State Route 157

    General Information

    Standard status
    Active
    Size
    5,145 SF
    Property subtype
    Office

    Building Details

    Year Built
    2005

    Spaces For Lease

    at 2160 South State Route 157 Contact us

    We can help!

    Listing Contact
    Mike Durbin
    Mike Durbin

    Listing agent Mike Durbin License #IL 475167618

    Listing office Barbermurphy Group

    Listing date May 20, 2026

    Source Crexi

    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 Group

    HighLights

    • 5,145 SF unfinished lower level suite with climate control and individually‑metered utilities.
    • Existing infrastructure (restrooms and mechanical) significantly reduces build‑out costs.
    • Located in a key commercial growth corridor with strong visibility and convenient access.
    • Ideal for professional office, medical office, specialty‑imaging centers, or retail showroom.
    • Multiple points of entry, including a walk‑out entrance.
    • Proximity to residential neighborhoods, SIUE, I‑270, I‑55/70, and various services.

    Overview

    A 5,145 square foot unfinished lower level suite is available for lease. The suite is climate-controlled and features individually metered utilities. It includes a walk-out entrance to the South and three points of entry. Common hallways and four restrooms are shared with co-anchor tenants Bank of Springfield and SSM Health. Lease rates are AS-IS, but tenant improvements may be negotiable and amortized over the lease term. Existing infrastructure, including restrooms and mechanical systems, is already in place. This location is suitable for professional office users, medical office users, specialty-imaging centers, or a retail showroom. The property is positioned along one of Glen Carbon’s key commercial growth corridors, offering visibility and access within the Edwardsville/Glen Carbon trade area. The site benefits from proximity to established residential neighborhoods, Southern Illinois University Edwardsville, I-270, I-55/70 access, and nearby retail, service, medical, and professional services users.
    Location Intelligence

    Current Use by Public Records

    Bard & Didriksen Pediatrics Pediatrician Dr. Karen Nauman Pediatrician Dr. Angela Bard ... Pediatrician Jeong Nam Kim-Judd Pediatrician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glen Carbon
    County
    Madison
    State
    Illinois
    Longitude
    -89.986205
    Latitude
    38.777216

    Nearby Similar for Lease

    • $18 SF/Yr
      5,145 SF

      Glen Carbon Lower Level Suite

      5,145 SF unfinished suite ideal for office or retail.
      2160 S State Route 157, Glen Carbon, IL 62034
      View Details
    • $28 SF/Yr
      1,900 SF

      Retail Space in Glen Carbon

      Multi-tenant retail building in the heart of Glen Carbon.
      86-88 Magnolia Dr, Glen Carbon, IL 62034
      View Details
    • $17 SF/Yr
      8,000 SF

      Medical Office Building For Lease

      Highly visible medical office building with easy highway access.
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    • $27 SF/Yr
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      Retail Space Near Retail Centers

      Retail space with high visibility near major retail centers.
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    FAQs

    What type of property is this?
    Office units - Unfinished 5,145 SF suite ideal for office or retail.
    Where is this office units located?
    The property is located at 2160 South State Route 157 Glen Carbon, IL.
    What are key features of this property?
    This property features: 5,145 SF unfinished lower level suite with climate control and individually‑metered utilities.; Existing infrastructure (restrooms and mechanical) significantly reduces build‑out costs.; Located in a key commercial growth corridor with strong visibility and convenient access.
    (502) 767-4199 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Durbin
    Mike Durbin
    Real Estate License ID: IL 475167618
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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