Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Professional Office Suite For Lease Title is generated by Realmo AI

    4 Park Pl, Swansea, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    3,200 SF office suite suitable for medical or professional use.

    Type:OFFICE
    Property size:
    3,200 SF
    Lot size:
    0.09 Acres
    Added:
    Nov 4, 2025
    Days on Market:
    198
    Last Refresh:
    Apr 5 at 8:43 pm

    Property Features for 4 Park Pl

    General Information

    Standard status
    Active
    Size
    3,200 SF
    Lot size
    0.09 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 4 Park Pl Contact us

    We can help!

    Listing Contact
    Michael T Durbin

    Listing agent Michael T Durbin

    Listing office BARBERMurphy

    Listing date Nov 4, 2025

    Source Moodyscre

    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 BARBERMurphy

    HighLights

    • Ready for immediate occupancy by medical professionals.
    • 3,200 SF professional office suite.
    • Features 8 exam rooms, laboratory, and large waiting room.
    • Includes 2 private offices, administration area, and staff lounge.
    • Located in a highly visible professional office park at the intersection of Fullerton Rd and IL‑159.
    • High traffic count of 15,700 ADT on IL‑159.

    Overview

    This 3,200 square foot professional office suite is available for lease. Formerly an Allergy and Asthma and Food Allergy Center, the suite is suitable for a wide range of medical users. The layout includes 8 exam rooms, a laboratory, a large waiting room, 2 private offices, an administration area, a private staff lounge, and 1 ADA restroom. The property is located in a highly visible professional office park at the intersection of Fullerton Rd and IL-159, with numerous amenities nearby within a 3-mile vicinity. The average daily traffic count on IL-159 is 15,700. The lease is a gross lease where the tenant is responsible for all utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

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

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

    Similar Places Nearby

    • Lashley Animal Hospital — 3120 N Illinois St, Swansea, IL 62226
    • MetroEast Home Vet Care — 1601 N Belt W, Belleville, IL 62226
    • Metro East Veterinary Acupuncture — 1601 n belt w, belleville, il 62226

    Location Insight

    • Map
    • Local Demand
    City
    Swansea
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9852593
    Latitude
    38.5408339

    Nearby Similar for Lease

    • Sponsored
      $119-$2,795/Mo
      11-1,292 SF

      Wolf Creek Drive

      12 Wolf Creek Dr, Unit 100, Swansea, IL 62226
      View Details
    • $18 SF/Yr
      1,200 SF

      Retail/Office Space on Illinois Street

      1,200 SF space with excellent visibility on Illinois Street.
      2704 N Illinois St, Swansea, IL
      View Details
    • $13 SF/Yr
      2,613 SF

      Professional Office Suite For Lease

      Office suite available for lease in Swansea, Illinois.
      28 Bronze Pointe N, Swansea, IL
      View Details
    • $19 SF/Yr

      Commercial Property for Lease

      Commercial property available for lease in Swansea, Illinois.
      4111 N Illinois Street, Swansea, IL 62226
      View Details
    • Contact for pricing
      8,960 SF

      Single-Tenant Office Building Near SAFB

      8,960 SF office building leased through 2030 near SAFB.
      5050 Old Collinsville Rd, Swansea, IL
      View Details
    • $11 SF/Yr
      9,728 SF

      Retail Space on Highway 159

      Freestanding retail building with ample parking and pylon signage.
      4500 N Illinois St, Swansea, IL
      View Details
    • Contact for pricing
      3,000 SF

      Swansea Office Space For Rent

      3,000 sq ft office space with flexible layout options.
      8 Park Pl, Swansea, IL 62226
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 3,200 SF office suite suitable for medical or professional use.
    Where is this medical office space located?
    The property is located at 4 Park Pl Swansea, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Ready for immediate occupancy by medical professionals.; 3,200 SF professional office suite.; Features **8 exam rooms, laboratory, and large waiting room**.
    (618) 277-4400 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael T Durbin
    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
    4 Park Pl, Swansea, 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!