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    1600 State St Jerseyville, IL 62052

    Sponsored
    For Lease
    $11 SF/Yr

    Prime Jerseyville location, multiple suites available.

    Lot size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional Jerseyville property, located at 1600 S State St, 62052, offers a unique blend of retail, office, and restaurant opportunities. The single-story building boasts a total of 6,500 square feet of vacant space, strategically situated in the highly visible Jerseyville submarket. The flexible layout allows for multiple tenancy options, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 4,000 square feet. The property's zoning is commercial, making it suitable for a variety of uses. Three spaces are currently available. One space is nearly ready for immediate occupancy as a restaurant, featuring almost turnkey functionality. The remaining 4,000 square feet can be subdivided into smaller units of 2,000 square feet each, providing exceptional adaptability for various business needs. This prime location along S. State St. ensures high visibility and accessibility for your business. The property is ideal for medical offices, creative offices, or traditional office spaces, offering a versatile solution for diverse business requirements. This is a rare opportunity to secure a prominent space in a thriving Jerseyville commercial area.

    Property Features for 1600 State St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,000 SF

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    2,000 SF
    Rate per SF
    $11
    Space
    Available Space 2
    Size
    2,000 SF
    Rate per SF
    $11

    HighLights

    • 6,500 SF vacant single‑story building in Jerseyville, IL.
    • High‑visibility location on S. State St.
    • Flexible layout with 2,000 SF minimum and 4,000 SF maximum divisible spaces.
    • Three available spaces, including a nearly turnkey restaurant space.
    • Commercially zoned, suitable for retail, office, or restaurant uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jerseyville
    County
    Jersey
    State
    Illinois
    Longitude
    -90.3134945
    Latitude
    39.101781

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    FAQs

    What type of property is this?
    Restaurant - Prime Jerseyville location, multiple suites available.
    Where is this restaurant located?
    The property is located at 1600 State St Jerseyville, IL.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 6,500 SF vacant single-story building in Jerseyville, IL.; High-visibility location on S. State St.; Flexible layout with 2,000 SF minimum and 4,000 SF maximum divisible spaces.
    Request Owner's contact information
    1600 State St Jerseyville, IL 62052
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    Jerseyville, IL 62052
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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
    1600 State St Jerseyville, IL 62052
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