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    3214 Illinois St Swansea, IL 62226

    Sponsored
    For Sale
    $299,500

    $299,500 - 3,000 SF Executive Office

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 3,000 square foot Class B executive office building, situated on a 0.55-acre lot in Belleville, Illinois (zip code 62226), presents a unique investment opportunity. Built in 1957, this two-story property features a main level with a reception/waiting area, four exam rooms, and two offices, complemented by an elevated deck. The finished walkout basement includes a kitchenette, a large sitting/break area, a bathroom with a shower, and a spacious room suitable for various uses, potentially as an apartment or additional office space. The property boasts 25 parking spaces, including additional parking in the rear. Zoned PB, this high-visibility location on Highway 159 offers excellent potential for medical or professional use, benefiting from high traffic volume. The rear of the 0.55-acre lot is heavily wooded, providing a tranquil backdrop. The asking price is $299,500, translating to $125 per square foot. The property's APN is 08-09.0-205-010. This gross lease property is currently a single tenancy.

    Property Features for 3214 Illinois St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,000 SF
    Class
    B
    Lot Size
    23,958 SF

    Building Details

    Year Built
    1957
    Stories
    2

    HighLights

    • High‑visibility location on Highway 159 in Swansea.
    • 3,000 square feet with a finished walkout basement.
    • Two private offices.
    • Reception/waiting area.
    • Four exam rooms.
    • Walkout basement includes kitchenette, sitting area, and storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Swansea
    County
    St Clair
    State
    Illinois
    Longitude
    -89.9838591
    Latitude
    38.5504589

    Nearby Comparable

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    Nearby Similar for Sale

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    • Contact for pricing
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    FAQs

    What type of property is this?
    Office Property / Space - $299,500 - 3,000 SF Executive Office
    Where is this office property / space located?
    The property is located at 3214 Illinois St Swansea, IL.
    What is the asking price?
    The asking price for this property is $299,500.
    What are key features of this property?
    This property features: High-visibility location on Highway 159 in Swansea.; 3,000 square feet with a finished walkout basement.; Two private offices.
    (618) 570-8344
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    3214 Illinois St Swansea, IL 62226
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    Swansea, IL 62226
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    Realmo Value Estimation

    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.

    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.

    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
    3214 Illinois St Swansea, IL 62226
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