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Troy, IL Office Park
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505 Buckeye Dr, Troy, IL 62294

Office park with three buildings totaling 11,900 square feet.

Property Size11,900 SF
Price / SF$84.03
Days on Market662

Property Features for 505 Buckeye Dr

General Information

Standard status Active
Size 11,900 SF
Total Parking Spaces 80
Property subtype Office
Zoning Commercial
Lease Type Modified Gross

Building Details

Year Built 1997
Buildings 3
Stories 2
Listing Agency: Manor Real Estate
Listed By: Caleb Anthonis · License #MO 2021000758
Source: Crexi
Added: Nov 12, 2024 Changed: Sep 2 Last Checked: Sep 1 at 9:39PM

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 Manor Real Estate

Investment Insights

Based on property information with market context.

This office park in Troy, IL, comprises three buildings: 505 Buckeye, 500 Ohara, and 504 Ohara, offering a total of 11,900 square feet of office space. The property is located near highways 55 and 70, providing accessibility and visibility. Zoned for various business uses, the office park is suitable for medical, professional, and commercial tenants. It includes approximately 75 parking spaces. Situated in the expanding Madison County market, this property is a potential investment opportunity with tenant appeal and appreciation potential.

Key Highlights

  • Excellent accessibility and visibility due to proximity to highways 55 and 70.
  • Versatile office space totaling 11,900 ft² across three buildings.
  • Approximately 75 parking spaces available.

Property Analytics

Current Use

Padda Institute - Center ... Physician Center For Pain Management Physician Dr. Philip Gogel Physician Khan Sohail a MD Physician Khattak Hafiz K ... Physician

Suggested Use

Top Pick Law Firm Auto Parts Store Parking Lot & Garage Grocery & Convenience Store Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

344
Businesses Nearby

Demographics for 62294, IL

15,431
Population
6,138
Households
2.5
Avg Household Size
39
Median Age
47%
College-Educated
98%
High-School Grad
29.5 sq mi
ZIP Area
523
Density / Sq Mi
$108,418
Median Household Income
$57,002
Median Earnings
$1,069
Median Rent
$255,700
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office park with three buildings totaling 11,900 square feet.
Where is this office building located?
The property is located at 505 Buckeye Dr Troy, IL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Excellent accessibility and visibility due to proximity to highways 55 and 70.; Versatile office space totaling 11,900 ft² across three buildings.; Approximately 75 parking spaces available.
(314) 647-6611 Call to check price and availability
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