2 Richard Mark Way, Collinsville, IL 62234
This exceptional commercial property, located at 2 Richard Mark Way in Collinsville, Illinois, presents a lucrative investment opportunity. The 9,750 square foot, all-brick office building enjoys a highly visible location on a frontage road directly off Interstate 55, ensuring significant daily exposure to thousands of vehicles. Its strategic position offers easy access to a wealth of amenities, including numerous restaurants, shopping centers, and hotels, as well as convenient proximity to St. Louis. The building itself features a well-maintained interior, including an executive office and a conference room, each equipped with its own kitchenette. Ample space is available for various uses, complemented by a large parking lot providing 74 parking spaces. Currently operating under a triple net lease, the property offers a secure income stream extending through the end of 2025. The property's prime location, combined with its attractive features and existing lease, makes it an ideal investment for discerning buyers seeking a high-return, low-maintenance asset in a thriving market. The asking price is $1,890,000. The property is situated in Madison County, Illinois, zip code 62234.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.