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    OFF-MARKET
    Office Spaces

    2 Richard Mark Way, Collinsville, IL 62234

    9,750 SF
    Property ID
    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
    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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