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    3227 Chain Of Rocks Rd Granite City, IL 62040

    For Lease
    $12 SF/Yr ($5,932 /Mo)

    Prime Retail Space Available, I-270 Access

    Lot size:
    5,932 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 5,932 square foot retail property, located at 3227 West Chain of Rocks Road in Granite City, Illinois, presents a unique investment opportunity. Built in 2005, this single-story building boasts a flexible layout currently configured as a multi-tenant space. A significant portion of the building, totaling 2,318 square feet, is currently vacant and available for lease. The property is zoned commercial and features a convenient location just off the I-270 and Route 3 interchange, providing excellent visibility and accessibility. Strong anchor tenants, including a Step-N-Go convenience store with a Phillips 66 gas station and an automatic car wash, ensure high traffic flow and customer exposure. The proximity to numerous hotels further enhances the property's appeal. This location is particularly well-suited for food service establishments or other retail businesses. The vacant space is adaptable and can be subdivided to accommodate various tenant needs, offering flexibility for potential buyers or lessees. The property's Madison County location (APN: 18-1-14-29-00-000-013.001) and 62040 zip code contribute to its strategic positioning within the market. This is a rare chance to acquire a well-situated retail property with significant upside potential.

    Property Features for 3227 Chain Of Rocks Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,932 SF
    Total Rate
    5932

    Building Details

    Year Built
    2005
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    2,318 SF
    Rate per SF
    $12

    HighLights

    • 2,318 SF of retail space available, divisible.
    • High‑traffic location at the I‑270 and IL‑3 interchange.
    • Strong co‑tenancy with Step N' Go convenience store and Phillips 66 gas station with car wash.
    • Excellent site for a restaurant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Granite City
    County
    Madison
    State
    Illinois
    Longitude
    -90.1220403
    Latitude
    38.7617056

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail Space Available, I-270 Access
    Where is this restaurant located?
    The property is located at 3227 Chain Of Rocks Rd Granite City, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 2,318 SF of retail space available, divisible.; High-traffic location at the I-270 and IL-3 interchange.; Strong co-tenancy with Step N' Go convenience store and Phillips 66 gas station with car wash.
    Request Owner's contact information
    3227 Chain Of Rocks Rd Granite City, IL 62040
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    Granite City, IL 62040
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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
    3227 Chain Of Rocks Rd Granite City, IL 62040
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