Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2300-2324 Nameoki Rd Granite City, IL 62040

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.16 acre automobile lot with sales office and workshop.

    Property size:
    2,980 SF
    Lot size:
    2.16 Acres

    Property Features for 2300-2324 Nameoki Rd

    General Information

    Size
    2,980 SF
    Lot size
    2.16 Acres

    We can help!

    Listing Contact
    Anthony Smallmon
    Anthony Smallmon
    Source: Moodyscre

    Listing Agency: BARBERMurphy Listing Agent: Anthony Smallmon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Automobile Lot with Sales Office

    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.
    Location Intelligence

    Current Use by Public Records

    Automotive properties

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    S And G Market, U-Haul Neighborhood Dealer

    Location Insight

    • Map
    • Local Demand
    City
    Granite City
    County
    Madison
    State
    Illinois
    Longitude
    -90.122241
    Latitude
    38.702345

    Nearby Similar for Sale

    • $190,000
      0.79 Acres

      Granite City Commercial Property For Sale

      High-visibility commercial property with large parking lot and service bays.
      2805 E 23Rd St, Granite City, IL 62040
      View Details
    • $500,000
      6,950 SF

      Granite City Commercial Building

      Well-maintained building suitable for various community or educational purposes.
      1313 21St St, Granite City, IL 62040
      View Details
    • $55,000
      0.12 Acres

      Granite City Commercial Building For Sale

      Commercial building on corner lot, previously used as beauty salon.
      2775 Madison Ave, Granite City, IL 62040
      View Details
    • $220,000
      2,624 SF

      Granite City Commercial Office Building

      Commercial office building in Granite City, 15 minutes from St. Louis.
      2412 Corporate Ctr, Granite City, IL 62040
      View Details
    • $190,000
      17,691 SF

      Granite City Multi-Use Facility

      Multi-use facility in downtown Granite City with ample parking.
      1908 State St, Granite City, IL 62040
      View Details
    • $69,900
      1,264 SF

      Granite City Commercial Building

      Well-maintained commercial building in Granite City, Illinois for sale.
      2301 State St, Granite City, IL 62040
      View Details
    • $675,000
      4,950 SF

      Granite City Multifamily Investment

      Two fully occupied four-unit buildings in Granite City, Illinois.
      1 Georgetown Dr, Granite City, IL 62040
      View Details
    • New
      $105,000
      2,086 SF

      Granite City Income-Producing Duplex

      Income-producing duplex in Granite City, Illinois, with month-to-month leases.
      2824 E 24Th St, Granite City, IL 62040
      View Details
    • $139,900
      0.46 Acres

      Granite City Commercial Property

      Commercial property on high-traffic road with multiple office spaces.
      2335 Pontoon Rd, Granite City, IL 62040
      View Details
    • $675,000
      0.42 Acres

      Granite City Multifamily Investment Opportunity

      Two fully occupied 4-unit buildings in Granite City, Illinois.
      1 Georgetown Dr, Granite City, IL 62040
      View Details
    • $120,000
      1,565 SF

      Granite City Triplex Opportunity

      Triplex in central Granite City with income potential.
      2108 Washington Ave, Granite City, IL 62040
      View Details
    • $95,000
      1,761 SF

      Granite City Income Property

      Income-producing duplex with tenants in place in Granite City.
      2713 Ralph St, Granite City, IL 62040
      View Details

    FAQs

    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**
    (618) 407-4240 Call to check price and availability
    Request Owner's contact information
    2300-2324 Nameoki Rd Granite City, IL 62040
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2300-2324 Nameoki Rd
    Granite City, IL 62040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    2300-2324 Nameoki Rd Granite City, IL 62040
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Anthony Smallmon
    Anthony Smallmon
    (618) 407-4240 (618) 277-4400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!