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    86 Magnolia Dr Glen Carbon, IL 62034

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    For Lease
    Contact for pricing

    Glen Carbon, IL: Prime Retail Opportunity

    Lot size:
    4,700 SF

    Property Features for 86 Magnolia Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,700 SF
    Class
    A

    Building Details

    Year Built
    2024
    Stories
    1

    Spaces For Lease

    at 86 Magnolia Dr, Glen Carbon, IL 62034 Contact us
    Unit Available Space 2

    $32 /Mo

    Size
    1,800 SF
    Contact us
    Unit Available Space 1

    $30 /Mo

    Size
    2,900 SF
    Contact us

    We can help!

    Listing Contact
    Brendan Barone
    Brendan Barone

    Listing Agent: Brendan Barone

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Meridian Plaza Building #1, located at 86 Magnolia Dr, Glen Carbon, IL 62034, presents a unique opportunity for fast-food and other retail businesses. This Class A, single-story building, constructed in 2024, offers multiple suites within a thriving mixed-use development situated at the Edwardsville/Glen Carbon border along Route 157. The property boasts high visibility and ample parking (6.25 spaces per 1,000 square feet), with customizable layouts ranging from 1,800 to 4,200 contiguous square feet. Five total suites are available, with a minimum divisible space of 1,800 square feet. The building is zoned commercial and benefits from its location near major anchors such as X Golf, F45 Gym, and Lottie’s Café. Future development plans include a pizza restaurant, oyster bar, and gas station, further enhancing the area's appeal and foot traffic. This prime location in the Southwest Illinois Retail Corridor offers unparalleled community synergy and premium lease terms starting at $30 per square foot per year (NNN). The property's strategic placement ensures high visibility and accessibility, making it an ideal location for businesses seeking a strong presence in a rapidly growing market. Contact us to learn more about this exceptional retail opportunity in Glen Carbon.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Carbon
    County
    Madison
    State
    Illinois
    Longitude
    -89.9817046
    Latitude
    38.7775415

    Nearby Similar for Lease

    • $5,000 /Mo
      43,560 SF

      Glen Carbon Office For Rent

      Office space available in updated building with high visibility.
      3711 S State Route 157, Glen Carbon, IL 62034
      View Details
    • $27 SF/Yr
      1,755 SF

      Retail Space Near Retail Centers

      Retail space with high visibility near major retail centers.
      3000-3024 State Route 159, Glen Carbon, IL 62034
      View Details
    • $17 SF/Yr
      8,000 SF

      Medical Office Building For Lease

      Highly visible medical office building with easy highway access.
      4273 S State Route 159, Glen Carbon, IL 62034
      View Details

    FAQs

    What type of property is this?
    Restaurant - Glen Carbon, IL: Prime Retail Opportunity
    Where is this restaurant located?
    The property is located at 86 Magnolia Dr Glen Carbon, IL.
    What is the lease rate?
    The lease rate is $30-$32 SF/Yr.
    What are key features of this property?
    This property features: Prime Edwardsville/Glen Carbon location on Route 157, offering high visibility and easy SIUE access.; Excellent co-tenancy with X Golf, F45 Gym, and Lottie’s Café.; 1,800 SF unit features a drive-thru.
    (618) 606-3829 Call to check price and availability
    Request Owner's contact information
    86 Magnolia Dr Glen Carbon, IL 62034
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    Glen Carbon, IL 62034
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    86 Magnolia Dr Glen Carbon, IL 62034
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    Contact for Pricing
    Please call us for current price
    and status of this listing Brendan Barone
    Brendan Barone
    Real Estate License ID: 475166300
    (618) 606-3829 (618) 632-8200 (224) 261-7682
    Learn more
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