Financial
Distress signals
Property profile

2311 Madison Ave Granite City, IL 62040

OFF-MARKET
Other commercial real estate
Property ID
US28-2570611
5,730 SF 0.21 ac lot Built 1958
Last sale Sep 2025 · $120,000
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This commercial building was previously used as an auto repair shop. It is located on a parcel of 0.207 acres directly across from the Police and Fire Station, in a high-traffic city area. The property includes three heavy-duty vehicle lifts, a Hunter alignment system with an alignment pit, and a sizable work area configured for automotive service operations. A front office is built into the facility. The site and existing automotive infrastructure make it suitable for continued auto-related

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$7k
Tax billed · 2022
Assessed value$66k
Assessed land$15k
Assessed improvement$51k
Effective rate10.00%

Value estimate

· Sep 2026
$290k
$261k – $319k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$80/SF
ZIP average, outlier-cleaned · 150 recorded sales of this use type
Observed band · Q1–Q3$36 – $184
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMADISON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.8
Dental Office16.0
Electrical Service10.5

Location

2311 Madison Ave Granite City, IL 62040-4751
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2525 19th, Granite City, IL 62040 $120,000 Feb 2026 7,200 SF
2334 25th, Granite City, IL 62040-5503 $69,000 Jan 2026 4,480 SF
1 Perigen, Granite City, IL 62040-6178 $510,000 Dec 2025 4,800 SF
2100 Delmar, Granite City, IL 62040-4715 $90,000 Dec 2025 7,280 SF
1365 Niedringhaus, Granite City, IL 62040 $200,000 Jun 2025 6,290 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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