Mixed-Use Office and
3009 Nameoki Rd Granite City, IL 62040
For Sale
Contact for pricing
Property includes office/retail/commercial space with multiple rooms plus a 2-bedroom apartment upstairs.
Property Size2,400 SF
Price / SF$124.58
Days on Market333
Property Features for 3009 Nameoki Rd
General Information
Standard status
Active
Size
2,400 SF
Property subtype
RETAIL
Listing Agency:
Hartmann Realtors, Inc.
(618) 344-7900
Listed By:
Jeff Moss
Source:
Moodyscre
Added: Sep 1, 2025
Changed: Jul 28
Last Checked: Jul 29 at 3:29PM
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 Hartmann Realtors, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property offers approximately 2,400 square feet of office/retail/commercial space along with a two-bedroom apartment upstairs. The commercial portion includes several rooms and offices that may be separated into multiple leasable spaces. A large storage basement is located under part of the building.
The property is situated at 3009 Nameoki Rd in Granite City, IL 62040.
For leasing flexibility, the commercial space is arranged with multiple internal rooms suitable for division into more than one unit, supported by the additional storage area below.
The property is situated at 3009 Nameoki Rd in Granite City, IL 62040.
For leasing flexibility, the commercial space is arranged with multiple internal rooms suitable for division into more than one unit, supported by the additional storage area below.
Key Highlights
- Approximately 2,400 SF office/retail/commercial space plus a 2‑bedroom apartment upstairs
- Commercial space includes multiple rooms/offices and can potentially be separated into 2 or 3 leasable spaces
- Includes a large storage basement under about half the building
Financial Insights For Mixed Use
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 | $40.3k | $16.80 |
| − Vacancy | −$2.8k | −$1.18 |
| EGI | $37.5k | $15.62 |
| − OpEx | −$14.1k | −$5.86 |
| NOI | $23.4k | $9.76 |
2,400 SF · lease $16.80/SF/yr · vacancy 7.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 12.71%
Second Best
Retail
$420.8K
$368.2K – $490.9K
NOI $29,454 @ 7.0% cap · market cap 9.85%
Theoretical Best
Office A
$654.2K
$572.4K – $763.2K
NOI $45,792 @ 7.0% cap · market cap 15.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Property includes office/retail/commercial space with multiple rooms plus a 2-bedroom apartment upstairs.
Where is this mixed-use property located?
The property is located at 3009 Nameoki Rd Granite City, IL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Approximately 2,400 SF office/retail/commercial space plus a 2‑bedroom apartment upstairs; Commercial space includes multiple rooms/offices and can potentially be separated into 2 or 3 leasable spaces; Includes a large storage basement under about half the building
