216 Evergreen Ln, Glen Carbon, IL 62034
Modern office space available for lease in Glen Carbon, IL.
- Added:
- Nov 7, 2024
- Days on Market:
- 585
- Last Refresh:
- May 12 at 8:57 pm
Property Features for 216 Evergreen Ln
General Information
- Standard status
- Active
- Size
- 3,990 SF
- Property subtype
- Office
Building Details
- Year Built
- 2018
Listing agent Brendan Barone License #IL 475.166300
Listing office H3 Capital Real Estate
Listing date Nov 7, 2024
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 H3 Capital Real Estate
HighLights
- 2,030 SF of open, light‑filled space suitable for various business needs.
- Located in the prestigious Magnolia Commons Business Park.
- Modern building constructed in 2018/2019.
- Features 2 private bathrooms, a rear office, and central heating & air.
- Soaring ceilings enhance the space's appeal.
- Strategic location near the Edwardsville/Glen Carbon border with easy access to major roads.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.8k | $24.00 |
| − Vacancy | −$11.5k | −$2.88 |
| EGI | $84.3k | $21.12 |
| − OpEx | −$21.1k | −$5.28 |
| NOI | $63.2k | $15.84 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Glen Carbon
- County
- Madison
- State
- Illinois
- Longitude
- -89.986109
- Latitude
- 38.774235
