Professional Office
224 South Main Street Edwardsville, IL 62025
New
For Sale
Contact for pricing
Functional office layout with dedicated off-street parking at 224 S. Main Street.
Property Size1,736 SF
Price / SF$244.82
Days on Market7
Property Features for 224 South Main Street
General Information
- Standard status
- Active
- Size
- 1,736 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1980
Listing Agency:
Barbermurphy Group
(618) 304-3917
Listed By:
Carter Marteeny, CCIM · License #IL 475188628
Source:
Crexi
Added: Jul 20
Changed: Jul 25
Last Checked: Jul 25 at 1:33PM
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
Investment Insights
Based on property information with market context.
Located along the South Main Street corridor, 224 S. Main Street presents a 1,736 SF professional office building with a functional office layout. The property includes dedicated off-street parking, an added convenience for both employees and clients.
The building is positioned in the heart of Edwardsville and surrounded by established businesses and restaurants as well as residential neighborhoods. The central setting supports easy access to Downtown Edwardsville, Southern Illinois University Edwardsville (SIUE), Illinois Route 157, and Interstate 270.
The property is offered for sale and can work well for an owner-user or investor seeking a quality office asset in a well-established commercial area.
The building is positioned in the heart of Edwardsville and surrounded by established businesses and restaurants as well as residential neighborhoods. The central setting supports easy access to Downtown Edwardsville, Southern Illinois University Edwardsville (SIUE), Illinois Route 157, and Interstate 270.
The property is offered for sale and can work well for an owner-user or investor seeking a quality office asset in a well-established commercial area.
Key Highlights
- 1,736 SF professional office building built in 1980
- Functional office layout
- Dedicated off‑street parking
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 | $41.7k | $24.00 |
| − Vacancy | −$5.0k | −$2.88 |
| EGI | $36.7k | $21.12 |
| − OpEx | −$9.2k | −$5.28 |
| NOI | $27.5k | $15.84 |
1,736 SF · lease $24.00/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$392.8K
$343.7K – $458.3K
NOI $27,498 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.2K
$414.0K – $552.1K
NOI $33,123 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Morning Glory Home ...
Home Health Care Service
Gori Realtors® LLC
Real Estate Agency
FAQs
What type of property is this?
Office building - Functional office layout with dedicated off-street parking at 224 S. Main Street.
Where is this office building located?
The property is located at 224 South Main Street Edwardsville, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,736 SF professional office building built in 1980; Functional office layout; Dedicated off‑street parking
