Corner Storefront with
For Sale
$139,000
601 Range Lane, Cahokia, IL 62206
A compact masonry commercial space includes existing trade fixtures, central air, and on-site parking.
Property Size576 SF
Price / SF$241.32
Days on Market215
Property Features for 601 Range Lane
General Information
Standard status
Active
Size
576 SF
Property subtype
Commercial
Additional Details
Corner Location
Yes
Property Use
Office
Amenities
full basement
newer furnace
central air
paved lot
Building Details
Year Built
1954
Buildings
1
Stories
1
Building Size
576 SF
Construction
concrete block
Listing Agency:
RE/MAX Results Realty
(618) 216-4400
Listed By:
Star Harris · License #475.189193
(618) 581-2794
Source:
Flowershomerealty
Added: Mar 25
Changed: Oct 23
Last Checked: Oct 23 at 1:26PM
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 Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 576-square-foot storefront in Cahokia is constructed of concrete block and includes a full basement for additional storage or operational space. Trade fixtures remain from its former salon use. Mechanical features include a newer furnace and central air conditioning.
The property occupies a corner location within walking distance of a local high school. A paved lot provides on-site parking.
The property occupies a corner location within walking distance of a local high school. A paved lot provides on-site parking.
Key Highlights
- 576‑square‑foot concrete block storefront
- Full basement provides additional storage or operational space
- Existing trade fixtures from former salon use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,755
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$115,100
$115.1K
Cap Rate 7%
$82,214
$82.2K
Cap Rate 9%
$63,944
$63.9K
Market Conditions
NOI Build-Up for 576 SF
Gross rent
$9.0K $15.60/SF
− Vacancy
−$764 −$1.33/SF
EGI
$8.2K $14.27/SF
− OpEx
−$2.5K −$4.28/SF
NOI
$5.8K $9.99/SF
Area
St. Clair County, IL
Vacancy
8.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$115,100
Cap Rate 7%
$82,214
Cap Rate 9%
$63,944
Alternative Uses
Best Use
Retail
$82.2K
$71.9K – $95.9K
NOI $5,755 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$136.4K
$119.3K – $159.1K
NOI $9,545 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
27k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Groceries 36%
Dining 8%
Electronics 6%
MotoMart
Shops & Services
12,514 visits/mo
0.5 miles
Aldi
Groceries
9,767 visits/mo
0.4 miles
Pizza Hut
Dining
2,127 visits/mo
0.5 miles
Boost Mobile
Electronics
1,514 visits/mo
0.5 miles
Valvoline Instant Oil Change
Shops & Services
1,471 visits/mo
0.4 miles
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - A compact masonry commercial space includes existing trade fixtures, central air, and on-site parking.
Where is this storefront property located?
The property is located at 601 Range Lane Cahokia, IL.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: 576‑square‑foot concrete block storefront; Full basement provides additional storage or operational space; Existing trade fixtures from former salon use
