Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    3723 Nameoki Road Granite City, IL 62040

    View on Map
    Claim this Listing
    For Lease
    $1,700/Mo $6 SF/Yr (calc)

    Office - Granite City, IL

    Type:Office
    Property size:
    3,372 SF
    Lot size:
    0.29 Acres
    Added:
    Mar 21, 2026
    Days on Market:
    41
    Last Refresh:
    Apr 30 at 12:06 pm

    Property Features for 3723 Nameoki Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    22-2-20-08-06-101-021
    Size
    3,372 SF
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    11684

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1979
    Building materials
    Brick, Brick Veneer
    Architectural style
    Other

    We can help!

    Listing Contact
    Kassi McDonald

    Listing agent Kassi McDonald License #475.184829

    Listing office Brian Lucas Real Estate 389 Barnett Dr, Edwardsville, IL

    Listing date Mar 21, 2026

    MLS# 26016306 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Granite City Office Building

    Located on Nameoki Road in Granite City, this multi-tenant office building offers an investment or owner-user opportunity. The property is a 3,372 square foot building on a 0.287-acre lot. It features two long-standing tenants: State Farm Insurance and a law firm. There is also a 1,700 square foot suite available for lease or owner occupancy. The property underwent a comprehensive renovation in 2022 and offers resurfaced parking and prominent signage. The location provides strong exposure along a major commercial corridor. The available suite is suitable for co-working, professional office, medical, conference, or service-based uses, providing accessibility and visibility in a retail and business district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Granite City
    County
    Madison
    State
    Illinois
    Longitude
    -90.123591
    Latitude
    38.728127

    Nearby Similar for Lease

    • $7 SF/Yr

      Retail/Office Space in Nameoki Plaza

      Retail or office space for lease in high-traffic location.
      3661-3671 Nameoki Rd, Granite City, IL
      View Details
    • $12 SF/Yr

      Retail Space in Granite City

      Neighborhood retail hub with excellent visibility and ample parking.
      1 American Village, Granite City, IL
      View Details
    • Contact for pricing

      Niedringhaus Avenue Commercial Property

      Commercial property available for rent on Niedringhaus Avenue.
      1511 Niedringhaus Avenue, Granite City, IL 62040
      View Details
    • $3 SF/Yr

      Pontoon Beach Sports Complex

      28,600 SF sports complex for lease in Pontoon Beach.
      4141 State Rte 111, Granite City, IL
      View Details
    • $10 SF/Yr

      Retail Space in Granite City

      Retail space available for lease in Granite City, Illinois.
      4020 Pontoon Rd, Granite City, IL
      View Details
    • Contact for pricing

      Granite City Industrial Space Available

      55,350 SF industrial space for lease in Granite City.
      1521 W 3rd St, Granite City, IL
      View Details
    • $9 SF/Yr

      Granite City Office Space Available

      Office space for rent near Maryville Rd. and Pontoon Rd.
      3908 Maryville Rd, Granite City, IL
      View Details
    • Contact for pricing

      Retail Spaces For Rent

      Retail spaces available, ranging from 1,500 to 11,800 SF.
      3401-3551 Nameoki Rd, Granite City, IL
      View Details
    • Contact for pricing

      Granite City Class A Warehouse

      806,400 SF Class A warehouse available October 2025.
      3 Gateway Commerce Center Dr E, Granite City, IL
      View Details
    • $4 SF/Yr

      Granite City Warehouse Sublease Opportunity

      Sublease opportunity with truck docks, clear height, and office space.
      1000 Access Blvd, Granite City, IL
      View Details
    • $12 SF/Yr

      Retail Space in Granite City

      Retail property with excellent visibility and ample parking.
      3801-3995 Nameoki Rd, Granite City, IL
      View Details
    • Contact for pricing

      Retail Space in Granite City

      Retail space available for lease in Granite City, Illinois.
      3248-3259 Nameoki Rd, Granite City, IL
      View Details

    FAQs

    What type of property is this?
    Office building - Well-maintained office building with high visibility and strong tenants.
    Where is this office building located?
    The property is located at 3723 Nameoki Road Granite City, IL.
    What is the lease rate?
    The lease rate is $1,700 /Mo.
    What are key features of this property?
    This property features: High‑visibility location on Nameoki Road, a major commercial corridor.; Well‑maintained 1,700 SF suite available for lease or owner occupancy.; Property underwent comprehensive renovation in 2022.
    (618) 514-2353
    We can help!
    Listing Contact
    Kassi McDonald
    Real Estate License ID: 475.184829
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!