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Three-Story Office Building
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Pending

240 S BUCHANAN ST, Edwardsville, IL 62025

Three-story office building with ground-level kitchenette and a partially finished basement suited for office use.

Property Size3,068 SF
Days on Market206

Property Features for 240 S BUCHANAN ST

General Information

Standard status Pending
Size 3,068 SF
Class B
Property subtype Office
Zoning Commercial

Amenities

kitchenette
full bathroom with shower

Building Details

Year Built 1945
Buildings 1
Stories 3
Units 1
Tenancy Single
Listing Agency: H3 Capital Real Estate
Listed By: Brendan Barone · License #IL 475.166300
Source: Crexi
Added: Apr 10 Changed: Oct 25 Last Checked: Nov 1 at 3:47AM

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 H3 Capital Real Estate

Rey
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Investment Insights

Based on property information with market context.

This three-story office building offers a flexible interior layout with a ground floor, basement, and half-floor configuration. The building includes a partially finished basement with three offices and a full bathroom with a shower, which can support additional workspace or tenant use. The ground floor is set up for day-to-day office use, accommodating approximately 5–6 employees and featuring a kitchenette.

The property has new roofing and has included multi-tenant style use in the past, including one unit previously utilized as a 2-unit rental. Most recently, it was used by a mortgage lending office, following prior use as an accounting firm. The overall layout supports professional office users and also offers investors a value-add opportunity to reposition or lease multiple areas.

Key Highlights

  • Three‑story downtown Edwardsville office building built in 1945
  • Flexible layout with ground floor, basement, and half‑floor space; previously used as a 2‑unit rental
  • New roof

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

American Home Lending ... Loan Service

Suggested Use

Top Pick Electrical Service Garden Center Plumbing Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,053
Businesses Nearby

Demographics for 62025, IL

35,229
Population
14,347
Households
2.5
Avg Household Size
36
Median Age
53%
College-Educated
97%
High-School Grad
112.2 sq mi
ZIP Area
314
Density / Sq Mi
$103,300
Median Household Income
$54,529
Median Earnings
$1,215
Median Rent
$295,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Three-story office building with ground-level kitchenette and a partially finished basement suited for office use.
Where is this office unit located?
The property is located at 240 S BUCHANAN ST Edwardsville, IL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Three‑story downtown Edwardsville office building built in 1945; Flexible layout with ground floor, basement, and half‑floor space; previously used as a 2‑unit rental; New roof
(618) 606-3829 Call to check price and availability
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