1186 State Route 157 Edwardsville, IL 62025
- Office Properties & Spaces
- 3,418 SF
- 1.28 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1186 State Route 157
- Year built
- 1999
- Lot size
- 1.28 lot acres
- Property size
- 3,418 SF
- Property type
- Office Properties & Spaces
- APN
- 14-2-15-22-10-101-002
- APU
- 142152210101002
Description
This exceptional commercial property, located at 1186 S. State Route 157 in Edwardsville, Illinois, presents a unique investment opportunity. Boasting a total of 7190 square feet, the building offers a versatile blend of office and warehouse space, ideal for a variety of commercial uses. The 2429 square foot office area features a welcoming reception area, private offices, a soundproof conference room, a convenient break room, and an upper-level lounge area, providing a comfortable and productive work environment. The expansive 3776 square foot warehouse space is equipped with two oversized 18-foot doors, a 9-foot garage door, high vaulted ceilings, and robust concrete flooring, suitable for heavy equipment. Situated on a 1.28-acre lot, the property benefits from over 205 feet of frontage along State Route 157, a high-traffic area with over 19,900 vehicles passing daily. Ample parking is available with 47 spaces, and there's potential for expansion. The property features a full brick exterior, a 22x59 covered patio/carport, professional landscaping, and attractive green space. A new roof was installed in August 2024. The property also includes monument signage, enhancing its visibility and appeal. This property offers a compelling combination of prime location, substantial space, and high-quality finishes, making it an excellent choice for discerning businesses seeking a prominent presence in a thriving Edwardsville market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $430,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $465,000
- 6.5%
- $470,000
- 7%
- $540,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $455,000
- Geo Method
- $575,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $485,000
- Retail
- $620,000
- Mixed-Use
- $610,000
- Hospitality
- $610,000
- Educational
- $615,000
- Residential Income
- $510,000
- Energy
- $620,000
- Income-Based Land
- $530,000
- Food Service
- $465,000
Location Insight
- Map
- Local Demand
- City
- Edwardsville
- County
- Madison
- State
- Illinois
- Longitude
- -89.9782
- Latitude
- 38.7844
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA