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    1336 Mercantile Dr Highland, IL 62249

    Sponsored
    For Lease
    $10 SF/Yr

    Prime 3,040 SF medical office, newly renovated.

    Lot size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,040 square foot medical office suite, located within the Woodcrest Plaza at 1336 Mercantile Dr, Highland, IL 62249, presents a unique investment opportunity. Situated on a 1.89-acre lot, this single-tenant property boasts a recent 2022 renovation. The building itself, constructed in 1980, is a single-story structure totaling 25,000 square feet, with the offered suite comprising 3,040 square feet of readily available space. The suite's thoughtful design includes a staff lounge complete with a kitchenette, a welcoming waiting room featuring a reception desk, seven well-appointed exam rooms, a dedicated lab/documentation area, and convenient restrooms. This well-designed layout ensures efficient workflow and versatile functionality. The property's strategic location in Highland, Illinois, offers easy access to Highway 40, simplifying transportation and logistics. Its proximity to St. Louis, Missouri (approximately 30 miles away), provides convenient access to a major metropolitan area. The property is zoned C-3 - Highland, and its APN is 02-2-18-32-16-401-014. This turnkey medical office suite is ready for immediate occupancy and represents an excellent opportunity for medical professionals seeking a modern, efficient, and conveniently located practice space.

    Property Features for 1336 Mercantile Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,000 SF
    Total Rate
    20833.33

    Building Details

    Year Built/Renovated
    1980/2022
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    0 SF
    Rate per SF
    $10

    HighLights

    • 3,040 SF medical office suite in Highland, IL.
    • Located at 1336 Mercantile Dr, within Woodcrest Plaza, on a 1.89‑acre lot.
    • Recently renovated in 2022; single‑story building (25,000 total SF), built in 1980.
    • Features seven exam rooms, lab/documentation area, waiting room, staff lounge with kitchenette, and restrooms.
    • Convenient Highway 40 access; ~30 miles from St. Louis, MO.
    • Zoned C‑3; APN 02‑2‑18‑32‑16‑401‑014.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply 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
    Highland
    County
    Madison
    State
    Illinois
    Longitude
    -89.6747725
    Latitude
    38.7487648

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    FAQs

    What type of property is this?
    Medical office - Prime 3,040 SF medical office, newly renovated.
    Where is this medical office located?
    The property is located at 1336 Mercantile Dr Highland, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 3,040 SF medical office suite in Highland, IL.; Located at 1336 Mercantile Dr, within Woodcrest Plaza, on a 1.89-acre lot.; Recently renovated in 2022; single-story building (25,000 total SF), built in 1980.
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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

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    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
    1336 Mercantile Dr Highland, IL 62249
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