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    3981 Lake Dr Granite City, IL 62040

    For Lease
    $9 SF/Yr ($4,267 /Mo)

    Prime Madison County office/retail space.

    Lot size:
    5,690 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Madison County property at 3981 Lake Drive offers 5,690 square feet of versatile office and retail space, with two immediately available suites. The building boasts a prime location just off IL Route 111, providing excellent visibility and accessibility. Two contiguous spaces are available for lease, offering flexibility for businesses of varying sizes. Suite 3975 encompasses 2,263 square feet, while Suite 3977 offers 1,800 square feet. The minimum leasable space is 1,800 square feet, with a maximum contiguous space of 4,063 square feet, currently vacant and ready for immediate occupancy. The property's traditional office design is ideal for a variety of businesses. The building's location offers the benefit of being near existing tenants, including City Signs and Designs. This presents a unique opportunity to establish a presence in a thriving commercial area. The property's APN is 17-2-20-10-08-201-014. Competitive lease rates are available, making this an attractive investment for businesses seeking a strategic location and flexible space options in Madison County. Inquire today to learn more about this exceptional opportunity.

    Property Features for 3981 Lake Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,690 SF
    Total Rate
    4267.5

    Unit(s) available at that property

    Space
    3975
    Size
    2,263 SF
    Rate per SF
    $9
    Space
    3977
    Size
    1,800 SF
    Rate per SF
    $9

    HighLights

    • 5,690 SF Office Building in Madison County, IL
    • Traditional Office/Retail space with multiple tenancies.
    • 4,063 SF of vacant space available, divisible to 1,800 SF minimum.
    • Two suites available: 2,263 SF and 1,800 SF.
    • Convenient location off IL Route 111.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Granite City
    County
    Madison
    State
    Illinois
    Longitude
    -90.0766052
    Latitude
    38.7306269

    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Madison County office/retail space.
    Where is this office property / space located?
    The property is located at 3981 Lake Dr Granite City, IL.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 5,690 SF Office Building in Madison County, IL; Traditional Office/Retail space with multiple tenancies.; 4,063 SF of vacant space available, divisible to 1,800 SF minimum.
    Request Owner's contact information
    3981 Lake Dr Granite City, IL 62040
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    Granite City, IL 62040
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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
    3981 Lake Dr Granite City, IL 62040
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