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    517 Clay St Collinsville, IL 62234

    Sponsored
    For Sale
    $195,000

    Prime Collinsville location, 2,785 SF, high-visibility corner lot.

    Property size:
    2,785 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional mixed-use property, located at 517 W Clay St in Collinsville, Illinois (zip code 62234), presents a unique investment opportunity. The building, constructed in 1967, boasts a substantial 2,785 square feet situated on a 0.1-acre corner lot, providing excellent visibility and signage potential. The main level, previously a florist shop, features a spacious showroom, sales counter, ample shop space, two walk-in coolers, a kitchenette, an office, and a restroom. A significant asset is the attached greenhouse, offering versatile expansion or specialized use options. Upstairs, a vacant two-bedroom apartment awaits, complete with two bathrooms, a laundry room, a living room, and a kitchen. This provides additional income potential through rental or conversion. The property is zoned B-2, offering flexibility for a variety of commercial uses. The APN is 13-2-21-33-07-202-042. This property is ideal for an owner-occupier seeking a combined commercial and residential space or an investor looking for a strong return on investment in a desirable location. The asking price is $195,000.

    Property Features for 517 Clay St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,785 SF
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1967

    HighLights

    • $195,000 asking price.
    • Mixed‑use storefront totaling 2,785 square feet.
    • Built in 1967, situated on a 0.1‑acre corner lot in Collinsville, IL.
    • B‑2 zoning.
    • Features a former florist shop with showroom, sales area, coolers, kitchenette, office, restroom, and attached greenhouse; plus a vacant 2‑bedroom, 2‑bathroom apartment upstairs.
    • APN: 13‑2‑21‑33‑07‑202‑042.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bella's Blossoms - A Cullop ... Florist

    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
    Collinsville
    County
    Madison
    State
    Illinois
    Longitude
    -89.992946
    Latitude
    38.6691899

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    FAQs

    What type of property is this?
    Individual retail property - Prime Collinsville location, 2,785 SF, high-visibility corner lot.
    Where is this individual retail property located?
    The property is located at 517 Clay St Collinsville, IL.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: $195,000 asking price.; Mixed-use storefront totaling 2,785 square feet.; Built in 1967, situated on a 0.1-acre corner lot in Collinsville, IL.
    Request Owner's contact information
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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
    517 Clay St Collinsville, IL 62234
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