Remodeled Brick Office
New
For Sale
$525,000
2806 Godfrey Rd, Godfrey, IL 62035
Two-level office layout with reception, four private offices, a kitchen, storage, and on-site parking.
Property Size2,000 SF
Price / SF$262.50
Days on Market5
Property Features for 2806 Godfrey Rd
General Information
Standard status
Active
Size
2,000 SF
Taxes and HOA fees
Annual Taxes
$2,217
Building Details
Buildings
1
Building Size
2,000 SF
Construction
brick
Listing Agency:
Landmark Realty
(618) 971-6655
Listed By:
Jeffrey Harman
(618) 971-6655
Source:
Exprealty
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 2 at 6:51AM
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 Landmark Realty
Investment Insights
Based on property information with market context.
This remodeled brick office property provides approximately 2,000 square feet across a main level and lower level. The main floor includes a reception area, four separate office rooms, and a bathroom. Downstairs, the layout adds a new kitchen, bonus area, and storage space, creating useful support space within the building.
The property is located at 2806 Godfrey Rd in Godfrey, Illinois, with ample parking on site. Its office configuration and combination of front-of-house, workspace, kitchen, and storage areas support a range of professional office operations.
The property is located at 2806 Godfrey Rd in Godfrey, Illinois, with ample parking on site. Its office configuration and combination of front-of-house, workspace, kitchen, and storage areas support a range of professional office operations.
Key Highlights
- Approximately 2,000 square feet of office space
- Four separate office spaces on the main level
- Remodeled brick office building at 2806 Godfrey Rd
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 | $48.0k | $24.00 |
| − Vacancy | −$5.8k | −$2.88 |
| EGI | $42.2k | $21.12 |
| − OpEx | −$10.6k | −$5.28 |
| NOI | $31.7k | $15.84 |
2,000 SF · lease $24.00/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$452.6K
$396.0K – $528.0K
NOI $31,680 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$545.1K
$477.0K – $636.0K
NOI $38,160 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 62035, IL
16,172
Population
7,145
Households
2.3
Avg Household Size
47
Median Age
33%
College-Educated
96%
High-School Grad
43.8 sq mi
ZIP Area
369
Density / Sq Mi
$91,696
Median Household Income
$51,693
Median Earnings
$1,158
Median Rent
$179,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-level office layout with reception, four private offices, a kitchen, storage, and on-site parking.
Where is this office building located?
The property is located at 2806 Godfrey Rd Godfrey, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately 2,000 square feet of office space; Four separate office spaces on the main level; Remodeled brick office building at 2806 Godfrey Rd
