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    2 Richard Mark Way Collinsville, IL 62234

    Sponsored
    For Sale
    $1,890,000

    I-55 Frontage, 9,750 SF, High Visibility

    Property size:
    9,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 2 Richard Mark Way in Collinsville, Illinois, presents a lucrative investment opportunity. The 9,750 square foot, all-brick office building enjoys a highly visible location on a frontage road directly off Interstate 55, ensuring significant daily exposure to thousands of vehicles. Its strategic position offers easy access to a wealth of amenities, including numerous restaurants, shopping centers, and hotels, as well as convenient proximity to St. Louis. The building itself features a well-maintained interior, including an executive office and a conference room, each equipped with its own kitchenette. Ample space is available for various uses, complemented by a large parking lot providing 74 parking spaces. Currently operating under a triple net lease, the property offers a secure income stream extending through the end of 2025. The property's prime location, combined with its attractive features and existing lease, makes it an ideal investment for discerning buyers seeking a high-return, low-maintenance asset in a thriving market. The asking price is $1,890,000. The property is situated in Madison County, Illinois, zip code 62234.

    Property Features for 2 Richard Mark Way

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    9,750 SF

    Building Details

    Buildings
    1

    HighLights

    • 9,750 SF all‑brick office building in Collinsville, IL.
    • High‑visibility location on I‑55 frontage road.
    • 74 parking spaces.
    • Triple‑net lease in place through 2025.
    • Asking price: $1,890,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply 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
    Collinsville
    County
    Madison
    State
    Illinois
    Longitude
    -90.0171426
    Latitude
    38.6779736

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    FAQs

    What type of property is this?
    Office Property / Space - I-55 Frontage, 9,750 SF, High Visibility
    Where is this office property / space located?
    The property is located at 2 Richard Mark Way Collinsville, IL.
    What is the asking price?
    The asking price for this property is $1,890,000.
    What are key features of this property?
    This property features: 9,750 SF all-brick office building in Collinsville, IL.; High-visibility location on I-55 frontage road.; 74 parking spaces.
    Request Owner's contact information
    2 Richard Mark Way Collinsville, IL 62234
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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
    2 Richard Mark Way Collinsville, IL 62234
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