Flex Building with Office
For Sale
$375,000
22200 State Route 9, Tremont, IL 61568
Flexible commercial building with bathrooms, a kitchenette, and fireproof storage.
Property Size3,150 SF
Price / SF$119.05
Days on Market15
Property Features for 22200 State Route 9
General Information
Standard status
Active
Size
3,150 SF
Property subtype
Commercial
Zoning
Commerical
Taxes and HOA fees
Annual Taxes
$4,450
Building Details
Building Size
3,150 SF
Year Built
1997
Listing Agency:
Sunflower Real Estate Group, LLC
(309) 657-1774
Listed By:
Gaye Lynn Green · License #471000224
(309) 657-1774
Source:
Shawneehillsrealestate
Added: Jul 20
Changed: Aug 2
Last Checked: Aug 2 at 8:07AM
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 Sunflower Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This 3,150-square-foot flex building in Tremont includes office space, two bathrooms, a small kitchen area, and a large fireproof storage room. Constructed by Morton Buildings in 1997, the property has an interior layout that can be adjusted by reconfiguring walls. A small shed is also included with the property.
Located at 22200 State Route 9 in Tremont, Illinois, the building is identified for Commerical zoning. Its combination of office, storage, and adaptable interior space supports a range of commercial configurations, including office, warehouse, retail, contractor, and light industrial uses as described in the property information.
Located at 22200 State Route 9 in Tremont, Illinois, the building is identified for Commerical zoning. Its combination of office, storage, and adaptable interior space supports a range of commercial configurations, including office, warehouse, retail, contractor, and light industrial uses as described in the property information.
Key Highlights
- 3,150 SF Morton Buildings structure built in 1997
- Office area, 2 bathrooms, small kitchen, and large fireproof storage room
- Interior walls can be reconfigured for changing space requirements
Financial Insights For Warehouse
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 | $30.6k | $9.72 |
| − Vacancy | −$1.7k | −$0.53 |
| EGI | $28.9k | $9.19 |
| − OpEx | −$4.3k | −$1.38 |
| NOI | $24.6k | $7.81 |
3,150 SF · lease $9.72/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$829.7K
$726.0K – $968.0K
NOI $58,082 @ 7.0% cap · market cap 15.49%
Second Best
Warehouse
$351.3K
$307.4K – $409.9K
NOI $24,594 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,285 @ 7.0% cap · market cap 23.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61568, IL
4,346
Population
1,849
Households
2.4
Avg Household Size
40
Median Age
39%
College-Educated
100%
High-School Grad
67.8 sq mi
ZIP Area
64
Density / Sq Mi
$101,250
Median Household Income
$52,121
Median Earnings
$1,033
Median Rent
$242,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial building with bathrooms, a kitchenette, and fireproof storage.
Where is this flex space located?
The property is located at 22200 State Route 9 Tremont, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,150 SF Morton Buildings structure built in 1997; Office area, 2 bathrooms, small kitchen, and large fireproof storage room; Interior walls can be reconfigured for changing space requirements
