Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    134 St Clair Sq Fairview Heights, IL 62208
    Back to Search
    Property profile & analytics

    134 St Clair Sq, Fairview Heights, IL 62208

    View on Map
    • Retail properties & Spaces
    • 1,067,610 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 134 St Clair Sq

    Year built
    1974
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    St. Clair Square in Fairview Heights, Illinois, presents exceptional office opportunities within a vibrant retail environment. This expansive 1,067,610 square foot complex, built in 1974, offers multiple tenancy options in a variety of spaces, ranging from 1,098 to 4,457 square feet. The property is ideally suited for executive offices, coworking spaces, medical offices, or creative office uses, reflecting its diverse subtype offerings. Located at 134 St Clair Square, 62208, this St. Clair County property benefits from its strategic location within a thriving retail center. The complex boasts a strong anchor tenant lineup including Macy's (with Macy's Backstage), Dillard's, and JCPenney, alongside numerous nationally recognized brands. Further enhancing its appeal, the associated Shoppes at St. Clair Square provides a wealth of retail, dining, and service options, creating a dynamic and convenient environment for tenants and their employees. This property offers a unique blend of professional workspace and immediate access to a wide array of amenities, making it an attractive investment for businesses seeking a high-profile location in a bustling commercial hub. The property type is classified as Retail, Restaurant, and Office.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fairview Heights
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9809
    Latitude
    38.5952

    Comparable in this City

    • Value Estimation by Request
      47,798 SF

      4608 Illinois St

      Restaurants
      4608 Illinois St, Fairview Heights, IL 62208
      View Details
    • Value Estimation by Request
      3,000 SF

      5500 Illinois St

      Office Units
      5500 Illinois St, Fairview Heights, IL 62208
      View Details
    • Value Estimation by Request
      4,000 SF

      5036 Illinois St

      Medical Office Space
      5036 Illinois St, Fairview Heights, IL 62208
      View Details
    • Value Estimation by Request
      1.11 Acres

      5031 Illinois St

      Medical Office Space
      5031 Illinois St, Fairview Heights, IL 62208
      View Details
    • Value Estimation by Request
      12,200 SF

      101 Frey Ln

      Office Units
      101 Frey Ln, Fairview Heights, IL 62208
      View Details
    • Value Estimation by Request
      2,500 SF

      10050 St Clair Ave

      Restaurants
      10050 St Clair Ave, Fairview Heights, IL 62208
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,896 SF

      Restaurant Building with High Visibility

      Second-generation restaurant with existing FF&E, ample parking, and signage.
      6900 N Illinois St, Fairview Heights, IL 62208
      View Details
    • Contact for pricing
      12,500 SF

      Fairview Heights Retail Investment Opportunity

      12,500 SF retail property with high occupancy and CAP rate.
      10251 Lincoln Trl, Fairview Heights, IL 62208
      View Details
    • Contact for pricing
      4,480 SF

      Well-Maintained Office Suites For Rent

      Two office suites available, can be combined, upgraded finishes throughout.
      10513 Lincoln Trl, Fairview Heights, IL 62208
      View Details
    • Contact for pricing
      7,820 SF

      Mixed-Use Property in Fairview Heights

      5,940 SF building with office, warehouse, and showroom space.
      5515 Old Collinsville Rd, Fairview Heights, IL 62208
      View Details
    • Contact for pricing
      1,680 SF

      Fairview Heights Office For Sale

      1,680 SF office space in high-traffic area.
      10326 Lincoln Trl, Fairview Heights, IL 62208
      View Details
    • Contact for pricing
      85,603 SF

      Retail Property For Sale

      85,603 SqFt retail property with 8.00% CAP rate.
      6601 N Illinois St, Fairview Heights, IL 62208
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      St. Clair Square Retail Space

      Retail and office spaces available within St. Clair Square.
      134 St Clair Sq, Fairview Heights, IL 62208
      View Details
    • Contact for pricing

      Well-Maintained Office Suites Available

      Office suites for rent with upgraded finishes and ample parking.
      10513 Lincoln Trl, Fairview Heights, IL 62208
      View Details
    • Contact for pricing
      1,960 SF

      Fairview Heights Retail/Office Suites

      Office and retail suites available in established Fairview Heights center.
      4600-4660 N Illinois St, Fairview Heights, IL 62208
      View Details
    • Contact for pricing

      Professional Office Spaces For Lease

      Professional office spaces for lease with full service leases.
      10314 Lincoln Trl, Fairview Heights, IL 62208
      View Details
    • Contact for pricing
      3,683 SF

      Office/Flex Space For Rent

      Office and flex spaces available in Fairview Heights, Illinois.
      13 Executive Dr, Fairview Heights, IL 62208
      View Details
    • Contact for pricing

      Renovated Office Suite with Views

      Turnkey 4,723 SF office suite with abundant natural light.
      16 Executive Dr, Fairview Heights, IL 62208
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    134 St Clair Sq
    Fairview Heights, IL 62208
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    134 St Clair Sq, Fairview Heights, IL, 62208
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!