Corner Retail and Office
For Sale
Contact for pricing
601 Range Ln, Cahokia, IL 62206
Concrete block building on a high-visibility corner with on-site paved parking and a full basement.
Property Size576 SF
Price / SF$260.42
Days on Market130
Property Features for 601 Range Ln
General Information
Standard status
Active
Size
576 SF
Property subtype
RETAIL
Additional Details
Corner Location
Yes
Amenities
full basement
newer furnace and central air
Building Details
Buildings
1
Building Size
576 SF
Construction
concrete block
Listing Agency:
RE/MAX Results
(314) 614-0247
Listed By:
Patrice TenBroek · License #475.189193
(314) 614-0247
Source:
Moodyscre
Added: Mar 23
Changed: Jul 29
Last Checked: Jul 30 at 2:36PM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This versatile commercial building is positioned on a high-visibility corner in Cahokia. The 576-square-foot concrete block structure is suited for retail, service-based businesses, or office use, and it includes existing trade fixtures from a prior salon operation. A full basement adds supplemental space for storage or other operational needs, and the property features updated mechanicals, including a newer furnace and central air.
The property sits on a paved lot that provides on-site parking for clients and staff. It is also described as being within walking distance of the local high school.
The building’s interior configuration supports multiple neighborhood-serving uses, with the added convenience of dedicated storage space in the basement and ready-to-operate trade fixtures.
The property sits on a paved lot that provides on-site parking for clients and staff. It is also described as being within walking distance of the local high school.
The building’s interior configuration supports multiple neighborhood-serving uses, with the added convenience of dedicated storage space in the basement and ready-to-operate trade fixtures.
Key Highlights
- 576 sq ft concrete block commercial building on a high‑visibility corner in Cahokia
- Versatile space suitable for retail, service‑based businesses, or office use; previously operated as a salon
- Includes existing trade fixtures from prior use
Financial Insights For Office B
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 | $11.1k | $19.20 |
| − Vacancy | −$2.2k | −$3.74 |
| EGI | $8.9k | $15.46 |
| − OpEx | −$2.2k | −$3.86 |
| NOI | $6.7k | $11.59 |
576 SF · lease $19.20/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$95.4K
$83.5K – $111.3K
NOI $6,677 @ 7.0% cap · market cap 4.45%
Second Best
Retail
$82.2K
$71.9K – $95.9K
NOI $5,755 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$136.4K
$119.3K – $159.1K
NOI $9,545 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
Business Placement
Demographics for 62206, IL
12,929
Population
6,586
Households
2
Avg Household Size
34
Median Age
12%
College-Educated
86%
High-School Grad
14.5 sq mi
ZIP Area
892
Density / Sq Mi
$39,520
Median Household Income
$27,611
Median Earnings
$1,021
Median Rent
$57,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Concrete block building on a high-visibility corner with on-site paved parking and a full basement.
Where is this retail space located?
The property is located at 601 Range Ln Cahokia, IL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 576 sq ft concrete block commercial building on a high‑visibility corner in Cahokia; Versatile space suitable for retail, service‑based businesses, or office use; previously operated as a salon; Includes existing trade fixtures from prior use
