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    2 Sheryl Dr Fairview Heights, IL 62208

    For Sale
    $177,000

    Versatile Warehouse, 13,504 sq ft lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 13,504 square foot lot in Fairview Heights, Illinois, presents a unique investment opportunity at an asking price of $177,000. Located at 2 Sheryl Drive, 62208, this property boasts a flexible zoning designation, previously utilized as a hair salon. The building features two separate front entrances, offering diverse usage potential. Interior amenities include two wash bowl stations with fixtures and ample storage/workspace. Exterior features are equally compelling, with 15 parking spaces, including two handicap-accessible spots, and an additional two spaces under a carport. An outdoor storage shed is also included. Note that the Fairview Heights Zoning Board is phasing out multi-use properties along Route 50; this property's future zoning classification should be verified independently. The property is classified as Industrial and Land, with a warehouse and commercial subtype. This property is ideal for a variety of commercial uses or even a residential conversion, subject to zoning regulations. The property's location offers convenient access to Route 50 and surrounding amenities. This is a rare opportunity to acquire a versatile property in a desirable location.

    Property Features for 2 Sheryl Dr

    General Information

    Property type
    Distribution properties

    HighLights

    • $177,000 asking price.
    • 13,504 sq ft lot.
    • Fairview Heights, IL location at 2 Sheryl Drive, 62208.
    • Industrial property with warehouse and commercial subtypes.
    • Previously used as a hair salon, features two wash bowl stations, ample storage, and 17 parking spaces (including 2 handicap accessible and 2 carport spaces).
    • Includes an outdoor storage shed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairview Heights
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.009855
    Latitude
    38.5936655

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    FAQs

    What type of property is this?
    Distribution property - Versatile Warehouse, 13,504 sq ft lot
    Where is this distribution property located?
    The property is located at 2 Sheryl Dr Fairview Heights, IL.
    What is the asking price?
    The asking price for this property is $177,000.
    What are key features of this property?
    This property features: $177,000 asking price.; 13,504 sq ft lot.; Fairview Heights, IL location at 2 Sheryl Drive, 62208.
    Request Owner's contact information
    2 Sheryl Dr Fairview Heights, IL 62208
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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 Sheryl Dr Fairview Heights, IL 62208
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