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    1604 Illinois St Swansea, IL 62226

    Sponsored
    For Sale
    $1,300,000

    15,000 SF Warehouse, 2.37 Acres, High Visibility

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 15,000-square-foot warehouse, situated on a 2.37-acre lot in Swansea, Illinois, presents a compelling investment opportunity. The property boasts a prime location on North Illinois Street (IL Route 159), a major north-south thoroughfare, ensuring high visibility and accessibility. Built in 1986 and renovated in 2018, the single-story building features a flexible layout currently configured with private offices, a showroom, and drive-in warehouse space. The clear-span design allows for easy conversion to entirely warehouse space if desired. Ample parking is available with 80 spaces. The property includes a secured lot and monument signage, enhancing its appeal. The zoning is HB - Highway Business - Village. Key features include 2 grade-level doors (10' x 10' and 14' x 12'), forced-air HVAC in the offices, 200-amp electrical service (120V/240V, single phase), and a minimum 14-foot and maximum 8-foot ceiling clearance. The construction is wood frame with metal siding and brick. This property offers significant potential for a variety of industrial, retail, or office uses. The APN is 08-16.0-407-007

    Property Features for 1604 Illinois St

    General Information

    Property type
    Distribution properties
    Square Feet
    15,000 SF
    Lot Size
    103,237 SF

    Building Details

    Year Built/Renovated
    1986/2018
    Buildings
    1
    Stories
    1

    HighLights

    • Five parcels totaling 3.65 acres with 615 feet of frontage on North Illinois Street.
    • 4,260 square foot leased retail building (beauty supply).
    • 4,542 square foot vacant retail building (leaseback option available).
    • 15,000 square foot retail/warehouse flex building with fenced yard, overhead door, showroom, and office space.
    • Monument signage and property‑wide upgrades.
    • 8‑14 foot clear ceiling height.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Clothing Store Building Supply Gym & Fitness Accounting Firm Auto Repair Shop Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Swansea
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9842964
    Latitude
    38.5317488

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    FAQs

    What type of property is this?
    Distribution property - 15,000 SF Warehouse, 2.37 Acres, High Visibility
    Where is this distribution property located?
    The property is located at 1604 Illinois St Swansea, IL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Five parcels totaling 3.65 acres with 615 feet of frontage on North Illinois Street.; 4,260 square foot leased retail building (beauty supply).; 4,542 square foot vacant retail building (leaseback option available).
    Request Owner's contact information
    1604 Illinois St Swansea, IL 62226
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    Swansea, IL 62226
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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
    1604 Illinois St Swansea, IL 62226
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