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    86 Magnolia Dr Glen Carbon, IL 62034

    Sponsored
    For Lease
    $30 SF/Yr

    Glen Carbon, IL: Prime Retail Opportunity

    Lot size:
    4,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 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

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    1,800 SF
    Rate per SF
    $32
    Space
    Available Space 1
    Size
    2,900 SF
    Rate per SF
    $30

    HighLights

    • 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.
    • New construction offering customizable interiors, individual HVAC control, and upscale finishes.
    • Situated in a burgeoning mixed‑use development with retail, dining, and entertainment options.
    • Spaces ranging from 1,800 SF to 4,700 SF available, with competitive lease rates from $30/SF/YR.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

    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

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    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.
    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 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
    86 Magnolia Dr Glen Carbon, IL 62034
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