Flex Space with Drive-In
For Sale
$374,900
B-22 Kettle River Dr, Glen Carbon, IL 62034
The property combines dedicated office space with warehouse and shop functionality.
Property Size2,720 SF
Lot Size0.70 Acres
Price / SF$137.83
Days on Market55
Property Features for B-22 Kettle River Dr
General Information
Standard status
Active
Size
2,720 SF
Total Parking Spaces
18
Lot size
0.70 Acres
Warehouse & Industrial
Clear Height
14 ft
Office Build-Out
968 SF
Drive-In Doors
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,473
Building Details
Year Built
2001
Listing Agency:
Fusion Realty, LLC
Listed By:
Kevin Wrigley · License #471003942
(618) 781-9170
Source:
Exprealty
Added: Aug 14
Changed: Oct 1
Last Checked: Oct 5 at 8:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fusion Realty, LLC
Investment Insights
Based on property information with market context.
This 2,720 SF flex property combines warehouse and office components, including approximately 968 SF of office space. The warehouse has 14-foot ceilings, two 12' x 12' electric drive-in doors, floor drains with oil separators, and a shop sink. Wiring is in place for a high-end security system, and the building was constructed in 2001.
The property occupies 0.70 acres in a business and industrial park setting near Hwy 159 in Glen Carbon, Illinois. Approximately 18 parking spaces serve the building. Its combination of enclosed shop area, office space, high ceilings, and drive-in access supports the range of uses identified for the property, including construction or service trade operations and gym-type use.
The property occupies 0.70 acres in a business and industrial park setting near Hwy 159 in Glen Carbon, Illinois. Approximately 18 parking spaces serve the building. Its combination of enclosed shop area, office space, high ceilings, and drive-in access supports the range of uses identified for the property, including construction or service trade operations and gym-type use.
Key Highlights
- 2,720 SF building with approximately 968 SF of office space
- 0.70‑acre property with approximately 18 parking spaces
- Two 12' x 12' electric drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,646
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,920
$272.9K
Cap Rate 7%
$194,943
$194.9K
Cap Rate 9%
$151,622
$151.6K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$16.5K $6.06/SF
− Vacancy
−$429 −$0.16/SF
EGI
$16.1K $5.90/SF
− OpEx
−$2.4K −$0.89/SF
NOI
$13.6K $5.02/SF
Area
Madison County, IL
Vacancy
2.60%
Lease Rate
$6.06 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,920
Cap Rate 7%
$194,943
Cap Rate 9%
$151,622
Alternative Uses
Best Use
Office B
$615.5K
$538.6K – $718.1K
NOI $43,085 @ 7.0% cap · market cap 11.49%
Second Best
Warehouse
$194.9K
$170.6K – $227.4K
NOI $13,646 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$741.4K
$648.7K – $865.0K
NOI $51,898 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 62034, IL
14,665
Population
6,197
Households
2.4
Avg Household Size
39
Median Age
49%
College-Educated
97%
High-School Grad
13.7 sq mi
ZIP Area
1,070
Density / Sq Mi
$93,366
Median Household Income
$53,030
Median Earnings
$1,100
Median Rent
$274,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- Super Trux Inc — 18 Dogwood Ln, Glen Carbon, IL 62034
- Mother's Catering Services Inc — 412 Orchard View Ct, Glen Carbon, IL 62034
Frequently Asked Questions
What type of property is this?
Flex space - The property combines dedicated office space with warehouse and shop functionality.
Where is this flex space located?
The property is located at B-22 Kettle River Dr Glen Carbon, IL.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 2,720 SF building with approximately 968 SF of office space; 0.70‑acre property with approximately 18 parking spaces; Two 12' x 12' electric drive‑in doors
