Property profile

1336 Mercantile Dr Highland, IL 62249

OFF-MARKET
Office Spaces
25,000 SF Built 1980
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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

Location

1336 Mercantile Dr Highland, IL 62249
Highland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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