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    OFF-MARKET
    Office Spaces

    1336 Mercantile Dr, Highland, IL 62249

    25,000 SF Built 1980
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3,040 square foot medical office suite, located within the Woodcrest Plaza at 1336 Mercantile Dr, Highland, IL 62249, presents a unique investment opportunity. Situated on a 1.89-acre lot, this single-tenant property boasts a recent 2022 renovation. The building itself, constructed in 1980, is a single-story structure totaling 25,000 square feet, with the offered suite comprising 3,040 square feet of readily available space. The suite's thoughtful design includes a staff lounge complete with a kitchenette, a welcoming waiting room featuring a reception desk, seven well-appointed exam rooms, a dedicated lab/documentation area, and convenient restrooms. This well-designed layout ensures efficient workflow and versatile functionality. The property's strategic location in Highland, Illinois, offers easy access to Highway 40, simplifying transportation and logistics. Its proximity to St. Louis, Missouri (approximately 30 miles away), provides convenient access to a major metropolitan area. The property is zoned C-3 - Highland, and its APN is 02-2-18-32-16-401-014. This turnkey medical office suite is ready for immediate occupancy and represents an excellent opportunity for medical professionals seeking a modern, efficient, and conveniently located practice space.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1980
    Total area 25,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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