Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    505 Buckeye Dr Troy, IL 62294

    For Lease
    $14 SF/Yr ($13,883 /Mo)

    Three buildings, flexible suites, prime location.

    Lot size:
    11,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional commercial real estate opportunity presents a three-building office complex totaling 11,900 square feet, situated on a 1.33-acre lot in Troy, Illinois. The property, built in 1997, comprises three separate structures, offering a flexible layout suitable for various business types. Individual suites range from a minimum of 2,400 square feet up to the entire 11,900 square feet, allowing for diverse tenancy options. Currently, all 11,900 square feet are available for lease or sale. The complex boasts a total of 80 parking spaces, ensuring ample accommodation for tenants and clients. Strategically located with convenient access to Highways 55 and 70, this property enjoys excellent visibility and accessibility. Its commercial zoning allows for a wide range of business uses, making it an attractive investment for owner-users or investors seeking a stable and adaptable property. The property's location within the expanding Madison County market offers significant potential for appreciation and strong tenant demand. The three buildings, identified as 505 Buckeye, 500 Ohara, and 504 Ohara, are a two-story construction, presenting a substantial opportunity in a thriving commercial area. The property's Assessed Parcel Number (APN) is 09-2-22-05-20-402-040, and it is located in Madison County.

    Property Features for 505 Buckeye Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,900 SF
    Total Rate
    13883.33

    Building Details

    Year Built
    1997
    Buildings
    3
    Stories
    2

    Unit(s) available at that property

    Space
    504 Ohara
    Size
    2,400 SF
    Rate per SF
    $14
    Space
    505 Buckeye
    Size
    7,100 SF
    Rate per SF
    $14
    Space
    500 Ohara
    Size
    2,400 SF
    Rate per SF
    $14

    HighLights

    • Three‑building office complex totaling 11,900 square feet in Troy, IL, offering excellent highway access (55 and 70).
    • The property features three buildings with a combined 11,900 square feet of flexible office space suitable for various uses, including medical, professional, and commercial tenants.
    • Available space ranges from 2,400 to 11,900 square feet, ideal for owner‑users or investors.
    • Located in the growing Madison County market, offering strong potential for appreciation and tenant demand.
    • The property is commercially zoned, providing flexibility for diverse business applications and investment stability, and includes approximately 80 parking spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Padda Institute - Center ... Pain Management Physician Center For Pain Management Pain Control Clinic Dr. Philip Gogel General Practitioner Khan Sohail a MD Doctor Khattak Hafiz K ... Doctor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Madison
    State
    Illinois
    Longitude
    -89.896222033628
    Latitude
    38.733354926973

    Nearby Similar for Lease

    • Contact for pricing
      4,800 SF

      Downtown Troy Warehouse Opportunity

      Prime Troy location, multiple spaces available
      101 Main St, Troy, IL 62294
      View Details
    • $13 SF/Yr
      30,500 SF

      Troy Shopping Center: Executive Suites

      Prime Troy location, retail & office space available.
      7640 Plummer Business Dr, Troy, IL 62294
      View Details
    • $13 SF/Yr
      1,194 SF

      Retail Space in Troy Plaza

      Retail spaces available in well-located Troy Plaza Shopping Center.
      525-547 Troy Plz, Troy, IL 62294
      View Details
    • $2,300,000
      4,000 SF

      Office/Retail Building with Leasing Potential

      12,040 SF building with existing leases and available space.
      7354 State Route 162, Troy, IL 62294
      View Details
    • $695 /Mo
      575 SF

      Office Space Near Interstate Access

      Office space with lighted signage and easy interstate access.
      535 Edwardsville Rd, Troy, IL 62294
      View Details
    • $14 SF/Yr
      1,540 SF

      Retail Space Available For Lease

      Retail space available in highly visible location.
      635-653 Edwardsville Rd, Troy, IL 62294
      View Details

    FAQs

    What type of property is this?
    Office space - Three buildings, flexible suites, prime location.
    Where is this office space located?
    The property is located at 505 Buckeye Dr Troy, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Three-building office complex totaling 11,900 square feet in Troy, IL, offering excellent highway access (55 and 70).; The property features three buildings with a combined 11,900 square feet of flexible office space suitable for various uses, including medical, professional, and commercial tenants.; Available space ranges from 2,400 to 11,900 square feet, ideal for owner-users or investors.
    Request Owner's contact information
    505 Buckeye Dr Troy, IL 62294
    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.
    505 Buckeye Dr
    Troy, IL 62294
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    505 Buckeye Dr Troy, IL 62294
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.