Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Commercial Condo For Sale Title is generated by Realmo AI

    284 Southwoods Ctr, Columbia, IL 62236

    View on Map
    Claim this Listing
    For Sale
    $115,000

    900 SF commercial condo, tenant occupied, great investment opportunity.

    Property size:
    900 SF
    Price / SF:
    $127/SF
    Added:
    Mar 24, 2026
    Days on Market:
    72
    Last Refresh:
    May 21 at 6:34 am

    Property Features for 284 Southwoods Ctr

    General Information

    Standard status
    Active
    Size
    900 SF

    We can help!

    Listing Contact
    Linda Frierdich
    Linda Frierdich

    Listing agent Linda Frierdich License #471012311

    Listing office Century 21 Advantage

    Listing date Mar 24, 2026

    Source Exprealty

    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 Century 21 Advantage

    HighLights

    • Great opportunity for investors seeking immediate rental income due to current tenant occupancy.
    • Functional 900 sq ft layout suitable for a variety of professional uses.
    • Located in a desirable business complex with easy access to major roads.
    • Ample natural light creates a welcoming atmosphere.
    • Includes a convenient half bathroom.
    • Well‑maintained office space.

    Overview

    Located at 284 Southwoods Dr in Columbia, IL, this commercial condo offers 900 square feet of space suitable for various business needs. The well-maintained office space is currently tenant occupied, presenting an opportunity for investors seeking immediate rental income. The functional layout is designed to accommodate a variety of professional uses, making it suitable for expanding an investment portfolio or planning for future business needs. The space features a half bathroom, ample natural light, and a welcoming atmosphere for both clients and staff. Situated in a desirable business complex, the property provides easy access to major roads and nearby amenities, offering both visibility and convenience. This property is an opportunity to invest in your business's future.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Monroe
    State
    Illinois
    Longitude
    -90.196009
    Latitude
    38.436441

    Nearby Similar for Sale

    • $115,000
      900 SF

      Versatile Commercial Condo For Sale

      900 SF commercial condo in Columbia, IL, tenant occupied.
      284 Southwoods Drive, Columbia, IL 62236
      View Details
    • $115,000
      900 SF

      Versatile Commercial Condo in Columbia, IL

      900 SF commercial condo, tenant occupied, great investment opportunity.
      282 Southwoods Drive, Columbia, IL 62236
      View Details
    • $1,100,000
      11,100 SF

      Multi-Use Commercial Building in Columbia

      Commercial building with four spaces and two residential apartments.
      102 N Main Street, Columbia, IL 62236
      View Details
    • $115,000
      900 SF

      Versatile Commercial Condo in Columbia, IL

      900 SF commercial condo perfect for various business needs.
      272 Southwoods Drive, Columbia, IL 62236
      View Details
    • Contact for pricing
      34,712 SF

      Class A Office/Flex Building

      Turn-key office/flex building with high-end finishes and strategic location.
      265 Admiral Trost Dr, Columbia, IL
      View Details
    • Contact for pricing
      18,000 SF

      Highway Exposure Development Opportunity

      Move-in ready suites and development opportunities with highway visibility.
      Southport Dr, Columbia, IL
      View Details

    FAQs

    What type of property is this?
    Office units - 900 SF commercial condo, tenant occupied, great investment opportunity.
    Where is this office units located?
    The property is located at 284 Southwoods Ctr Columbia, IL.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: Great opportunity for investors seeking immediate rental income due to current tenant occupancy.; Functional 900 sq ft layout suitable for a variety of professional uses.; Located in a desirable business complex with easy access to major roads.
    (618) 281-7621
    We can help!
    Listing Contact
    Linda Frierdich
    Linda Frierdich
    Real Estate License ID: 471012311
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    284 Southwoods Ctr, Columbia, IL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!