2 Richard Mark Way Collinsville, IL 62234
- Commercial real estate
- 8,960 SF
- 1.75 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2 Richard Mark Way
- Lot size
- 1.75 lot acres
- Property size
- 8,960 SF
- Property type
- Commercial real estate
Description
This exceptional 8,960-square-foot all-brick office building is strategically located on a frontage road directly off Interstate 55 in Collinsville, Illinois. Its prime location ensures high visibility to the thousands of vehicles traveling I-55 daily, providing unparalleled exposure for your business. The 1.75-acre lot offers ample space, including a large parking lot accommodating 74 vehicles. The building itself features a well-maintained interior with desirable amenities including an executive office and a conference room, each equipped with its own kitchenette. There is also a significant amount of open space adaptable to various business needs. The property is currently under a triple net lease, extending through the end of 2025, offering a stable income stream for an investor. Its proximity to numerous restaurants, shopping centers, hotels, and the city of St. Louis further enhances its appeal and accessibility. This presents a unique opportunity to acquire a high-profile commercial property in a thriving location with excellent visibility and existing lease income. The building's solid construction and desirable features make it an ideal investment for a discerning buyer seeking a strong return on investment in a prime commercial location. The substantial parking capacity caters to employees and clients alike, ensuring convenience and accessibility. The existing lease provides immediate cash flow, minimizing risk and maximizing potential returns.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Collinsville
- County
- Madison
- State
- Illinois
- Longitude
- -90.0172
- Latitude
- 38.678