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
    The Largest CRE Database in the US with Over 1 Million Listings

    1606 Eastport Plaza Dr Collinsville, IL 62234

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    6,223 SF Available in Class A Building

    Lot size:
    18,310 SF

    Property Features for 1606 Eastport Plaza Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,310 SF
    Class
    A
    Total Rate
    27465

    Building Details

    Year Built
    2009
    Stories
    1

    Spaces For Lease

    at 1606 Eastport Plaza Dr, Collinsville, IL 62234 Contact us
    Unit Suite 100

    $18 /Mo

    Size
    6,223 SF
    Contact us

    We can help!

    Listing Contact
    Linda Miller
    Linda Miller

    Listing Agency: RE/MAX Preferred, Commercial Division Listing Agent: Linda Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 6,223-square-foot creative office space is located at 1606 Eastport Plaza Drive in Collinsville, Illinois, within the thriving Eastport District. The single-story, 18,310-square-foot building, constructed in 2009 using tilt-up concrete, boasts Class A finishes and is fully sprinklered. The available space features nine individual offices, a spacious lobby with two reception areas, a large workroom, a sizable conference room, a kitchen, a storage room, and ample restrooms. Parking is readily available with an asphalt lot providing approximately 4-5 spaces per 1,000 square feet. The property is zoned for Planned Business use and is conveniently located less than a mile from I-255 (Exit 26) and I-55/70 (Exit 11), offering easy access to major transportation routes. Its proximity to the Gateway Conference Center, restaurants, and lodging further enhances its appeal. The building is served by Ameren IL power. The Madison County property (APN: 13-2-21-29-00-000-031) offers a fantastic opportunity for businesses seeking a modern and well-appointed office environment in a prime location. The lease rate is $18.00 per square foot, NNN ($6.00 +/-).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mears Group, Inc. Corporate Office University of Illinois Extension, ... County Government Office Vector Force Development General Contractor The Kunin Law Offices, ... Law Firm Vector Services Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Collinsville
    County
    Madison
    State
    Illinois
    Longitude
    -90.0225189
    Latitude
    38.6856608

    Nearby Similar for Lease

    • $600 /Mo

      Collinsville Office Space For Lease

      Office space available in Collinsville, Illinois.
      101 St Louis Rd, Collinsville, IL 62234
      View Details
    • $5,000 /Mo
      5,000 SF

      Versatile Commercial Space Available

      Adaptable office space with modern finishes and customization options.
      1902 Vandalia St, Collinsville, IL 62234
      View Details
    • $11 SF/Yr
      1,400 SF

      Collinsville Office Space For Rent

      Office suite with reception area and six private offices.
      240-260 Regency Ctr, Collinsville, IL 62234
      View Details
    • $13 SF/Yr
      3,600 SF

      Turnkey Medical Office For Lease

      3,600 SF medical office with easy highway access.
      101 United Dr, Collinsville, IL
      View Details
    • Contact for pricing
      5,500 SF

      Retail/Restaurant Space For Lease

      Retail and restaurant spaces available in new development.
      705 N Bluff Rd, Collinsville, IL 62234
      View Details
    • $16 SF/Yr
      13,003 SF

      Collinsville Office Space for Lease

      13,000+ SF office space available in Collinsville's Eastport District.
      1616 Eastport Plaza Dr, Collinsville, IL 62234
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near Super Wal-Mart

      Retail space in power center near major highway intersection.
      1100-1146 Collinsville Crossing Blvd, Collinsville, IL
      View Details
    • $6 SF/Yr
      2,500 SF

      Office Suites Available For Lease

      Office suites for lease with high visibility and accessibility.
      9500 Collinsville Rd, Collinsville, IL 62234
      View Details
    • Contact for pricing
      2,095 SF

      Collinsville Retail Redevelopment Opportunity

      Freestanding retail building in St. Louis MSA with drive-thru.
      9502 Collinsville Rd, Collinsville, IL 62234
      View Details
    • Contact for pricing
      4,971 SF

      Retail Space Near St. Louis

      28,487 SF shopping center with retail space available.
      607-613 Belt Line Rd, Collinsville, IL 62234
      View Details
    • Contact for pricing
      20,000 SF

      Retail Space Near Rural King

      Retail space available near major retailers, restaurants, and tourist attractions.
      9525 Collinsville Rd, Collinsville, IL 62234
      View Details
    • Contact for pricing
      1,965 SF

      Retail Space with Ample Parking

      Retail space with easy access and abundant parking available for lease.
      501-581 Belt Line Rd, Collinsville, IL 62234
      View Details

    FAQs

    What type of property is this?
    Office space - 6,223 SF Available in Class A Building
    Where is this office space located?
    The property is located at 1606 Eastport Plaza Dr Collinsville, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 6,223 SF of creative office space available.; Nine individual offices.; Large lobby with two reception areas.
    (618) 444-3888 Call to check price and availability
    Request Owner's contact information
    1606 Eastport Plaza Dr Collinsville, IL 62234
    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.
    1606 Eastport Plaza Dr
    Collinsville, IL 62234
    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
    1606 Eastport Plaza Dr Collinsville, IL 62234
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Linda Miller
    Linda Miller
    Real Estate License ID: 475145158
    (618) 444-3888 (618) 624-2111 (770) 433-0333
    Learn more
    Google sign-in failed. Please try again or use another login method.