Flex Space with Drive-In
For Sale
$374,900
22 Kettle River Drive B, Glen Carbon, IL 62034
Combined shop and office layout with tall ceilings, parking, and access to electric drive-in doors.
Property Size2,720 SF
Lot Size0.70 Acres
Price / SF$137.83
Days on Market59
Property Features for 22 Kettle River Drive B
General Information
Standard status
Active
Size
2,720 SF
Total Parking Spaces
18
Lot size
0.70 Acres
Warehouse & Industrial
Clear Height
14 ft
Office Build-Out
968 SF
Drive-In Doors
2
Additional Details
Highway Access
Yes
Amenities
floor drains with oil separators
shop sink
wired for a high end security system
2 electric drive-in doors
14' tall ceilings
Building Details
Year Built
2001
Building Size
2,720 SF
Listing Agency:
Fusion Realty, LLC
Listed By:
Kevin Wrigley · License #471003942
(618) 781-9170
Source:
Nations-network
Added: Aug 19
Changed: Oct 9
Last Checked: Oct 7 at 5:13PM
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 Fusion Realty, LLC
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Investment Insights
Based on property information with market context.
This flex property combines warehouse and office functions within 2,720 SF, including approximately 968 SF of office area. The shop space features 14-foot ceilings, two electric drive-in doors measuring 12' x 12' each, floor drains with oil separators, and a shop sink. The building is also wired for a high-end security system and includes roughly 18 parking spaces.
Built in 2001, the property sits on 0.70 acres in a business and industrial park setting in Glen Carbon. It is located just off Hwy 159 and is configured for operations requiring both workspace and administrative areas. The layout may also accommodate gym-type use, supported by the tall interior clearance.
Built in 2001, the property sits on 0.70 acres in a business and industrial park setting in Glen Carbon. It is located just off Hwy 159 and is configured for operations requiring both workspace and administrative areas. The layout may also accommodate gym-type use, supported by the tall interior clearance.
Key Highlights
- 2,720 SF flex building with approximately 968 SF of office space
- 0.70‑acre site with roughly 18 parking spaces
- Two electric 12' x 12' drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,646
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,920
$272.9K
Cap Rate 7%
$194,943
$194.9K
Cap Rate 9%
$151,622
$151.6K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$16.5K $6.06/SF
− Vacancy
−$429 −$0.16/SF
EGI
$16.1K $5.90/SF
− OpEx
−$2.4K −$0.89/SF
NOI
$13.6K $5.02/SF
Area
Madison County, IL
Vacancy
2.60%
Lease Rate
$6.06 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,920
Cap Rate 7%
$194,943
Cap Rate 9%
$151,622
Alternative Uses
Best Use
Office B
$615.5K
$538.6K – $718.1K
NOI $43,085 @ 7.0% cap · market cap 11.49%
Second Best
Warehouse
$194.9K
$170.6K – $227.4K
NOI $13,646 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$741.4K
$648.7K – $865.0K
NOI $51,898 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 62034, IL
14,665
Population
6,197
Households
2.4
Avg Household Size
39
Median Age
49%
College-Educated
97%
High-School Grad
13.7 sq mi
ZIP Area
1,070
Density / Sq Mi
$93,366
Median Household Income
$53,030
Median Earnings
$1,100
Median Rent
$274,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Super Trux Inc — 18 Dogwood Ln, Glen Carbon, IL 62034
- Mother's Catering Services Inc — 412 Orchard View Ct, Glen Carbon, IL 62034
Frequently Asked Questions
What type of property is this?
Flex space - Combined shop and office layout with tall ceilings, parking, and access to electric drive-in doors.
Where is this flex space located?
The property is located at 22 Kettle River Drive B Glen Carbon, IL.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 2,720 SF flex building with approximately 968 SF of office space; 0.70‑acre site with roughly 18 parking spaces; Two electric 12' x 12' drive‑in doors
