Automobile Lot with Sales
2300-2324 Nameoki Rd Granite City, IL
For Sale
Contact for pricing
2.16 acre automobile lot with sales office and workshop.
Property Size2,980 SF
Lot Size2.16 Acres
Price / SF$117.45
Days on Market308
Property Features for 2300-2324 Nameoki Rd
General Information
Standard status
Active
Size
2,980 SF
Lot size
2.16 Acres
Property subtype
RETAIL
Listing Agency:
BARBERMurphy
(618) 407-4240
Listed By:
Anthony Smallmon
(618) 407-4240
Source:
Moodyscre
Added: Sep 26, 2025
Changed: Jul 10
Last Checked: Jul 21 at 4:41AM
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
Investment Insights
Based on property information with market context.
This 2.16-acre automobile lot features an 1,800 square-foot sales office and workshop area equipped with two overhead doors. Additionally, there is a 1,180 square-foot detached shop with a garage door at the front and two overhead doors at the rear. The property includes digital marquee signage. Situated at the signalized corner of Nameoki Road and E 23rd Street, the location benefits from a daily average traffic count of 9,200 vehicles.
Key Highlights
- 2.16 Acre Automobile Lot at Signalized Corner
- High Traffic Location: 9,200 ADT
- 1,800 SF Sales Office & Workshop with Overhead Doors
Financial Insights For Industrial
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 | $18.1k | $6.06 |
| − Vacancy | −$470 | −$0.16 |
| EGI | $17.6k | $5.90 |
| − OpEx | −$5.3k | −$1.77 |
| NOI | $12.3k | $4.13 |
2,980 SF · lease $6.06/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$522.5K
$457.2K – $609.5K
NOI $36,572 @ 7.0% cap · market cap 10.45%
Second Best
Industrial
$175.9K
$153.9K – $205.2K
NOI $12,312 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$812.3K
$710.7K – $947.6K
NOI $56,858 @ 7.0% cap · market cap 16.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- S And G Market — 2526 Nameoki Rd, Granite City, IL 62040
- U-Haul Neighborhood Dealer — 2526 Nameoki Rd, Granite City, IL 62040
Frequently Asked Questions
What type of property is this?
Automotive property - 2.16 acre automobile lot with sales office and workshop.
Where is this automotive property located?
The property is located at 2300-2324 Nameoki Rd Granite City, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2.16 Acre Automobile Lot at Signalized Corner; High Traffic Location: 9,200 ADT; **1,800 SF Sales Office & Workshop with Overhead Doors**
