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    216 Evergreen Ln Glen Carbon, IL 62034

    Sponsored
    For Sale
    $1,200,000

    Modern Office Space, Prime Location

    Property size:
    3,990 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,990 square foot office building, constructed in 2018 and featuring a custom build-out completed in 2020, is available for purchase at $1,200,000. Located in the prestigious Magnolia Commons Business Park in Glen Carbon, Illinois (zip code 62034), this property enjoys a convenient location near the Edwardsville border, providing easy access to major roadways and commercial hubs. The building boasts a desirable traditional office layout, including a spacious 2,030 square foot open area with high ceilings, perfect for a variety of business needs. Additional features include two private bathrooms, a separate rear office, and efficient central heating and air conditioning. The property is ADA compliant and currently has an office tenant occupying a portion of the building. The asking price translates to $300.75 per square foot. This is a triple net (NNN) lease opportunity, offering a strong investment potential for a business seeking a modern, well-appointed space in a thriving location, approximately 25 minutes from St. Louis. The building's design seamlessly blends style and functionality, making it an ideal setting for both established businesses and startups.

    Property Features for 216 Evergreen Ln

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,990 SF

    Building Details

    Year Built
    2018

    HighLights

    • 2,030 SF of space available for lease.
    • Lease rate: $23.00/SF, NNN.
    • 3,990 SF office building for sale.
    • Asking price: $1.2M.
    • Built in 2018 with a custom build‑out completed in 2020.
    • ADA‑compliant bathrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Great Future Insurance ... Insurance Agency ShutterRoom Photos Photography Service

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Carbon
    County
    Madison
    State
    Illinois
    Longitude
    -89.9857993
    Latitude
    38.7757785

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    FAQs

    What type of property is this?
    Office Property / Space - Modern Office Space, Prime Location
    Where is this office property / space located?
    The property is located at 216 Evergreen Ln Glen Carbon, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 2,030 SF of space available for lease.; Lease rate: $23.00/SF, NNN.; 3,990 SF office building for sale.
    (618) 606-3829
    Request Owner's contact information
    216 Evergreen Ln Glen Carbon, IL 62034
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    Glen Carbon, IL 62034
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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
    216 Evergreen Ln Glen Carbon, IL 62034
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