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    548 Washington St Millstadt, IL 62260

    Sponsored
    For Lease
    $13 SF/Yr ($9,900 /Mo)

    Prime Millstadt Office & Retail Space

    Lot size:
    8,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property at 548 E Washington St, Millstadt, IL 62260, offers a unique opportunity for businesses seeking flexible and well-located space. The single-story, 8,800 square foot building, constructed in 2005, features a variety of spaces ideal for executive offices or retail storefronts. Currently, 4,300 square feet of space is available, divisible into units ranging from a minimum of 1,100 square feet to a maximum contiguous space of 3,200 square feet. The building boasts a 10-foot ceiling height, providing ample space and a modern feel. Located in a thriving retail center at the town's entrance, the property benefits from high visibility and significant traffic, with 8,300 average daily traffic on East Washington Street (IL Route 158). The 0.83-acre lot provides ample parking with 45 spaces available. The property is zoned B-2, offering versatility for various business types. Join established businesses such as Sunrise Restaurant, NT Nails, and Rae & James Home Decor in this vibrant commercial hub. The property's APN is 12-10.0-304-042, and it's situated in St. Clair County, Illinois. This is an excellent opportunity to establish or expand your business in a prime Millstadt location. The property offers multiple tenancy options, making it suitable for a variety of business needs.

    Property Features for 548 Washington St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,800 SF
    Total Rate
    9900

    Building Details

    Year Built
    2005
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 3
    Size
    3,200 SF
    Rate per SF
    $16
    Space
    Available Space 4
    Size
    1,100 SF
    Rate per SF
    $16
    Space
    Available Space 2
    Size
    1,100 SF
    Rate per SF
    $16
    Property Profile Location Intelligence

    Current Use by Public Records

    NT Nails Nail Salon Midwest Exteriors & Interiors Roofing Contractor Sunrise Pancake House Family Restaurant Rae and James Store Keck Jewelers Jeweler

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Millstadt
    County
    St Clair
    State
    Illinois
    Longitude
    -90.0834799
    Latitude
    38.4621739

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    FAQs

    What type of property is this?
    Individual retail property - Prime Millstadt Office & Retail Space
    Where is this individual retail property located?
    The property is located at 548 Washington St Millstadt, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    Request Owner's contact information
    548 Washington St Millstadt, IL 62260
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    Millstadt, IL 62260
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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
    548 Washington St Millstadt, IL 62260
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