Technical
Financial
Distress signals
Property profile

2 Richard Mark Way Collinsville, IL 62234

OFF-MARKET
Office Spaces
9,750 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Total area 9,750 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2 Richard Mark Way Collinsville, IL 62234
Collinsville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2 Richard Mark Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
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