Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    120 N Main St Edwardsville, IL 62025

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    3,160 SF available in busy downtown Edwardsville corridor.

    Type:Office
    Property size:
    3,160 SF
    Added:
    Nov 13, 2023
    Days on Market:
    886
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 120 N Main St

    General Information

    Standard status
    Active
    Size
    3,160 SF
    Property subtype
    Office

    Building Details

    Year Built
    1960

    Spaces For Lease

    at 120 N Main St Contact us

    120 N Main Space $24 /Mo

    Size
    3,160 SF
    Type
    Office
    3,160 SF available at 120 N Main in Edwardsville. Busy downtown corridor would play...
    show more
    Contact us

    We can help!

    Listing Contact
    Carter Marteeny, CCIM

    Listing agent Carter Marteeny, CCIM License #IL 475188628

    Listing office Barbermurphy Group

    Listing date Nov 13, 2023

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Barbermurphy Group

    Overview

    Edwardsville Retail or Office Space

    Located at 120 N Main Street in Edwardsville, this property offers 3,160 square feet of space suitable for either office or retail use. The property is situated in a busy downtown corridor. Its location on North Main Street places it adjacent to multiple retailers and restaurants in the heart of Downtown Edwardsville.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flanigan Law Office Law Firm Moran Economic Development Social Service Agency Minty Cola Exchange Clothing Store Cafe Birdie Restaurant Madison County Title ... Title Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Edwardsville
    County
    Madison
    State
    Illinois
    Longitude
    -89.955698
    Latitude
    38.811416

    Nearby Similar for Lease

    • Contact for pricing

      Office Suite For Lease

      Single office suite for rent near downtown Edwardsville, Illinois.
      340 S Fillmore Street, Edwardsville, IL 62025
      View Details
    • Contact for pricing

      Class A Office Space

      Prime office space in Edwardsville, IL for lease.
      3 Club Centre Suite A, Edwardsville, IL 62025
      View Details
    • Sponsored
      Contact for pricing

      Il, Edwardsville - Vandalia St.

      101 Vandalia St, Edwardsville, IL 62025
      View Details
    • $3/mo

      Edwardsville Warehouse with Conditioned Space

      195,000 SF warehouse with office and conditioned space available.
      21 Gateway Commerce Center Drive East, Edwardsville, IL, 62025
      View Details
    • $3/mo

      Spacious Warehouse in Gateway Commerce Center

      Large industrial space available for lease in Edwardsville, Illinois.
      1 Gateway Commerce Center Drive West, Edwardsville, IL, 62025
      View Details
    • $26/mo

      Retail Space in Edwardsville Center

      Retail-focused shopping center with parking and high visibility.
      2323 Plum St, Edwardsville, IL
      View Details
    • $24/mo

      Downtown Edwardsville Office Space

      Prime office space adjacent to Madison County courthouse.
      241 N Main, Edwardsville, IL
      View Details
    • Contact for pricing

      Professional Office Space Available

      950 SF professional office space for lease.
      9 Junction Dr, Edwardsville, IL
      View Details
    • $12/mo

      New Warehouse Space Available

      3,600 SF warehouse space for lease near I-255.
      5998 Redbud Ln, Edwardsville, IL
      View Details
    • $25/mo

      Downtown Edwardsville Office/Retail Space

      1,800 SF space with frontage and visibility on Main Street.
      220 N Main St, Edwardsville, IL
      View Details
    • $25/mo

      Downtown Edwardsville Retail/Office Space

      Freestanding 1,029 SF retail/office space in downtown Edwardsville.
      501 N Main, Edwardsville, IL
      View Details
    • $32/mo

      Retail Space Available For Lease

      Retail space available for lease in Edwardsville, Illinois.
      2100 Troy Rd, Edwardsville, IL
      View Details

    FAQs

    What type of property is this?
    Office units - 3,160 SF available in busy downtown Edwardsville corridor.
    Where is this office units located?
    The property is located at 120 N Main St Edwardsville, IL.
    What are key features of this property?
    This property features: Premiere location on North Main Street in Downtown Edwardsville; 3,160 SF available, suitable for office or retail use; Busy downtown corridor
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Carter Marteeny, CCIM
    Real Estate License ID: IL 475188628
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!