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Property profile

705 Il-157 Collinsville, IL 62234

OFF-MARKET
Retail properties & Spaces
5,999 SF
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Property summary

AI-generated overview

This exceptional 5,999 square foot retail property, located at 705 Illinois Route 157 in Collinsville, Illinois, presents a unique investment opportunity. Situated on a one-acre lot, this multi-tenant building offers ample space for a variety of commercial uses. Currently, the entire 5,999 square feet is available for lease, providing a blank canvas for a new business or expansion. The property boasts convenient access and high visibility along Illinois Route 157, ensuring significant foot traffic and exposure. With 50 parking spaces available, customer convenience is prioritized. The property is zoned HP-1, allowing for a range of commercial development options. The location in Madison County, Illinois, with a zip code of 62234, offers easy access to major transportation routes and a thriving local community. This is an ideal opportunity for businesses seeking a prominent location with substantial space and excellent visibility. The property's size and zoning make it suitable for a variety of retail concepts. The ample parking ensures a positive customer experience. Don't miss this chance to secure a prime retail location in a growing market.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,999 SF

Cap rate & NOI

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

Location

705 Il-157 Collinsville, IL 62234
Collinsville metro
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Value estimations

Realmo proprietary · 4 methods
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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
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