86 Magnolia Dr Glen Carbon, IL 62034
Meridian Plaza Building #1, located at 86 Magnolia Dr, Glen Carbon, IL 62034, presents a unique opportunity for fast-food and other retail businesses. This Class A, single-story building, constructed in 2024, offers multiple suites within a thriving mixed-use development situated at the Edwardsville/Glen Carbon border along Route 157. The property boasts high visibility and ample parking (6.25 spaces per 1,000 square feet), with customizable layouts ranging from 1,800 to 4,200 contiguous square feet. Five total suites are available, with a minimum divisible space of 1,800 square feet. The building is zoned commercial and benefits from its location near major anchors such as X Golf, F45 Gym, and Lottie’s Café. Future development plans include a pizza restaurant, oyster bar, and gas station, further enhancing the area's appeal and foot traffic. This prime location in the Southwest Illinois Retail Corridor offers unparalleled community synergy and premium lease terms starting at $30 per square foot per year (NNN). The property's strategic placement ensures high visibility and accessibility, making it an ideal location for businesses seeking a strong presence in a rapidly growing market. Contact us to learn more about this exceptional retail opportunity in Glen Carbon.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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