For-Sale Drug Store Retail
For Sale
$2,715,054
2532 N Illinois St, Swansea, IL 62226
Drug store retail property is available for sale at 2532 N Illinois St in Swansea, IL.
Property Size13,905 SF
Days on Market97
Property Features for 2532 N Illinois St
General Information
Standard status
Active
Size
13,905 SF
Property subtype
Commercial
Lease Term
± 8 Years
Net Operating Income
$223,992
Building Details
Building Size
13,905 SF
Year Built
1997
Listing Agency:
Matthews
Listed By:
Preston Schwartz · License #761511 (TX)
(972) 587-9149
Source:
Matthews
Added: Jul 18
Changed: Oct 8
Last Checked: Oct 20 at 5:19PM
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 Matthews
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Investment Insights
Based on property information with market context.
This for-sale commercial property is classified as a drug store and retail space, presented for buyers seeking a retail-oriented asset in the drug store category.
The property is located at 2532 N Illinois St, Swansea, IL 62226. As a retail property type listing, it may be well-suited for investors or operators looking for a drug store retail platform, with the convenience of an established retail classification reflected in the property’s marketed use.
The property is located at 2532 N Illinois St, Swansea, IL 62226. As a retail property type listing, it may be well-suited for investors or operators looking for a drug store retail platform, with the convenience of an established retail classification reflected in the property’s marketed use.
Key Highlights
- Retail drug store property for sale at 2532 N Illinois St in Swansea, IL
- Built in 1997
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$189,424
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,788,480
$3.8M
Cap Rate 7%
$2,706,057
$2.7M
Cap Rate 9%
$2,104,711
$2.1M
Market Conditions
NOI Build-Up for 13,905 SF
Gross rent
$263.6K $18.96/SF
− Vacancy
−$11.1K −$0.80/SF
EGI
$252.6K $18.16/SF
− OpEx
−$63.1K −$4.54/SF
NOI
$189.4K $13.62/SF
Area
St. Clair County, IL
Vacancy
4.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,788,480
Cap Rate 7%
$2,706,057
Cap Rate 9%
$2,104,711
Alternative Uses
Best Use
Specialty Retail
$2.71M
$2.37M – $3.16M
NOI $189,424 @ 7.0% cap · market cap 6.98%
Second Best
Retail
$1.98M
$1.74M – $2.32M
NOI $138,936 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,427 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62226, IL
29,156
Population
13,285
Households
2.2
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
13.9 sq mi
ZIP Area
2,098
Density / Sq Mi
$66,018
Median Household Income
$43,284
Median Earnings
$946
Median Rent
$162,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Julie Collins — 1801 N Illinois St, Swansea, IL 622262931
- Christy Stratman — 2532 N Illinois St, Swansea, IL 622262353
- Bridgette Bacon — 2532 N Illinois St, Swansea, IL 622262353
- Elissa Pfeiffer — 2532 N Illinois St, Swansea, IL 622262353
- Leonard Lautz — 2532 N Illinois St, Swansea, IL 622262353
Frequently Asked Questions
What type of property is this?
Drug store - Drug store retail property is available for sale at 2532 N Illinois St in Swansea, IL.
Where is this drug store located?
The property is located at 2532 N Illinois St Swansea, IL.
What is the asking price?
The asking price for this property is $2,715,054.
What are key features of this property?
This property features: Retail drug store property for sale at 2532 N Illinois St in Swansea, IL; Built in 1997
