2319 Troy Rd Edwardsville, IL 62025
- Commercial real estate
- 5,004 SF
- 1.65 lot acres
Current Use by Public Records
- Chick-fil-A / Caterer / Breakfast Restaurant
Property Details for 2319 Troy Rd
- Year built
- 2022
- Lot size
- 1.65 lot acres
- Property size
- 5,004 SF
- Property type
- Commercial real estate
- APN
- 14-2-15-23-00-000-078
- APU
- 142152300000078
Description
Orchard Town Center presents a unique investment opportunity in Edwardsville, IL's thriving retail market. This Class A, 248,896 square foot center, completed in 2024, boasts a prime location at 2319 Troy Rd, at the intersection of Troy Rd. and Governor's Pkwy. The property features a mix of inline retail spaces and outparcels, offering flexibility for various businesses. With a total of seven suites, there is currently 13,300 square feet of vacant space available, divisible into units ranging from 1,750 to 7,000 contiguous square feet. The center benefits from high visibility and traffic counts, with Troy Road seeing 23,500 vehicles per day and Governor's Pkwy seeing 13,500. A significant anchor tenant, Meijer grocery store, further enhances the property's appeal and draws substantial foot traffic. Additional inline retail opportunities are available adjacent to a 50,000 square foot Dick's Sporting Goods. This development represents one of the last remaining developable sites in the strong Edwardsville/Glen Carbon market, making it an exceptional investment prospect. The single-story building offers convenient access and ample parking. This is a rare chance to secure space in a vibrant, high-traffic location within a newly constructed, premier retail center. Contact us today to learn more about the available spaces and investment potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,955,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,610,000
- 6.5%
- $1,810,000
- 7%
- $1,655,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,445,000
- Geo Method
- $1,720,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,960,000
- Retail
- $1,750,000
- Mixed-Use
- $1,745,000
- Hospitality
- $1,955,000
- Educational
- $1,550,000
- Residential Income
- $1,660,000
- Energy
- $1,435,000
- Income-Based Land
- $1,945,000
- Food Service
- $1,860,000
Location Insight
- Map
- Local Demand
- City
- Edwardsville
- County
- Madison
- State
- Illinois
- Longitude
- -89.9522
- Latitude
- 38.785
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
