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

    3227 West Chain of Rocks Road Granite City, IL 62040

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

    Retail space near I-270 interchange, suitable for various businesses.

    Type:Retail, Restaurant
    Added:
    Feb 6, 2021
    Days on Market:
    1896
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 3227 West Chain of Rocks Road

    General Information

    Standard status
    Active
    Property subtype
    Retail, Restaurant

    Building Details

    Year Built
    2005

    Spaces For Lease

    at 3227 West Chain of Rocks Road Contact us

    Available Space 1 $12 /Mo

    Size
    2,318 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    John Eichenlaub
    John Eichenlaub

    Listing agent John Eichenlaub License #IL 471004100

    Listing office Barbermurphy Group

    Listing date Feb 6, 2021

    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

    Retail Space Near I-270

    Located just off I-270 and Route 3 Interchange, this commercial space is suitable for food service or other retail users. Anchor tenants include a Step-N-Go convenience store with a Phillips 66 gas station and an automatic car wash. The location is near many hotels. The space may be subdivided.
    Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Granite City
    County
    Madison
    State
    Illinois
    Longitude
    -90.12135
    Latitude
    38.761375

    Nearby Similar for Lease

    • $7/mo

      Retail/Office Space in Nameoki Plaza

      Retail or office space for lease in high-traffic location.
      3661-3671 Nameoki Rd, Granite City, IL
      View Details
    • $12/mo

      Retail Space in Granite City

      Neighborhood retail hub with excellent visibility and ample parking.
      1 American Village, Granite City, IL
      View Details
    • $3/mo

      Pontoon Beach Sports Complex

      28,600 SF sports complex for lease in Pontoon Beach.
      4141 State Rte 111, Granite City, IL
      View Details
    • $10/mo

      Retail Space in Granite City

      Retail space available for lease in Granite City, Illinois.
      4020 Pontoon Rd, Granite City, IL
      View Details
    • Contact for pricing

      Granite City Industrial Space Available

      55,350 SF industrial space for lease in Granite City.
      1521 W 3rd St, Granite City, IL
      View Details
    • $9/mo

      Granite City Office Space Available

      Office space for rent near Maryville Rd. and Pontoon Rd.
      3908 Maryville Rd, Granite City, IL
      View Details
    • Contact for pricing

      Retail Spaces For Rent

      Retail spaces available, ranging from 1,500 to 11,800 SF.
      3401-3551 Nameoki Rd, Granite City, IL
      View Details
    • Contact for pricing

      Granite City Class A Warehouse

      806,400 SF Class A warehouse available October 2025.
      3 Gateway Commerce Center Dr E, Granite City, IL
      View Details
    • $4/mo

      Granite City Warehouse Sublease Opportunity

      Sublease opportunity with truck docks, clear height, and office space.
      1000 Access Blvd, Granite City, IL
      View Details
    • $12/mo

      Retail Space in Granite City

      Retail property with excellent visibility and ample parking.
      3801-3995 Nameoki Rd, Granite City, IL
      View Details
    • Contact for pricing

      Retail Space in Granite City

      Retail space available for lease in Granite City, Illinois.
      3248-3259 Nameoki Rd, Granite City, IL
      View Details
    • Contact for pricing

      Granite City Warehouse Sublease Opportunity

      Sublease opportunity: 154,800 SF warehouse near major transportation routes.
      1000 Access Blvd, Granite City, IL 62040
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail space near I-270 interchange, suitable for various businesses.
    Where is this retail property located?
    The property is located at 3227 West Chain of Rocks Road Granite City, IL.
    What are key features of this property?
    This property features: Excellent location just off I‑270 and Rt.3 Interchange.; Anchor tenants include Step‑N‑Go and Phillips 66 gas station.; Automatic car wash on site.
    (618) 570-8344 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Eichenlaub
    John Eichenlaub
    Real Estate License ID: IL 471004100
    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!