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

    891 Edwardsville Rd Wood River, IL 62095

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

    Wood River, IL retail space available

    Lot size:
    8,134 SF

    Property Features for 891 Edwardsville Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,134 SF
    Class
    C

    Spaces For Lease

    at 891 Edwardsville Rd, Wood River, IL 62095 Contact us

    We can help!

    Listing Contact
    Shawn Krisher
    Shawn Krisher

    Listing Agency: Legacy Commercial Properties Listing Agent: Shawn Krisher

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

    Learn more

    Overview

    This exceptional Wood River, IL retail property, located at 891-897 Edwardsville Rd, offers 8,134 square feet of versatile space in a Class C strip center. Currently, 4,538 square feet is available, divisible into units as small as 1,348 square feet, with a maximum contiguous space of 4,538 square feet. The property sits on a 0.98-acre lot (42,500 square feet total land area) and provides ample parking with 58 spaces. The building features expansive storefronts for optimal visibility and well-maintained interiors with high ceilings and a flexible layout, ideal for a variety of retail uses. Its prime location in Wood River, Illinois, zip code 62095, ensures convenient access for both tenants and customers. This is a fantastic opportunity for businesses seeking a prominent presence in a thriving commercial area. The property's modern aesthetic and convenient amenities create a welcoming environment for both employees and patrons. The flexible layout allows for customization to suit individual business needs, maximizing efficiency and functionality. Don't miss this chance to establish your business in this high-traffic location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ruby's Bar & Pub

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wood River
    County
    Madison
    State
    Illinois
    Longitude
    -90.0825918
    Latitude
    38.8659494

    Nearby Similar for Lease

    • Contact for pricing
      4,000 SF

      Retail Space in Wood River

      Retail space for lease in highly-trafficked Wood River Plaza.
      620-636 Wesley Dr, Wood River, IL 62095
      View Details
    • Contact for pricing
      6,847 SF

      Retail Space in High-Visibility Location

      6,847 SF retail space with excellent visibility near St. Louis.
      900 E Edwardsville Rd, Wood River, IL 62095
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Wood River Plaza

      Retail space available in high-traffic shopping center anchored by Walmart.
      650-672 Wesley Dr, Wood River, IL 62095
      View Details
    • Contact for pricing
      2,835 SF

      Retail Space Near Walmart

      Retail space available in high-traffic Wood River location.
      1907-1921 Vaughn Rd, Wood River, IL 62095
      View Details
    • Contact for pricing
      4,538 SF

      Retail Space in Wood River

      Versatile retail space with ample parking and flexible layout.
      843 E Edwardsville Rd, Wood River, IL 62095
      View Details
    • Contact for pricing
      4,802 SF

      Retail Space Near Supercenter

      Available 4,802 SF retail space in Wood River, Illinois.
      1855 Vaughn Rd, Wood River, IL 62095
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Wood River

      2,800 SF retail space available for lease.
      12-18 Edwardsville Rd, Wood River, IL 62095
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Wood River, IL retail space available
    Where is this neighborhood center located?
    The property is located at 891 Edwardsville Rd Wood River, IL.
    What are key features of this property?
    This property features: High-demand retail/strip center space.; Abundant tenant and customer parking.; Adaptable floor plan for diverse businesses.
    Request Owner's contact information
    891 Edwardsville Rd Wood River, IL 62095
    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.
    891 Edwardsville Rd
    Wood River, IL 62095
    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
    891 Edwardsville Rd Wood River, IL 62095
    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 Shawn Krisher
    Shawn Krisher
    Learn more
    Google sign-in failed. Please try again or use another login method.