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    1604 Illinois St Swansea, IL 62226

    • Commercial real estate
    • 4,542 SF
    • 0.31 lot acres
    For Sale
    View listing
    $1,300,000
    Value Estimation
    Last Sale
    Nov 29, 2021
    $800,000
    Location Intelligence
    Property ID
    US28-3429090
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1604 Illinois St

    Year built
    1964
    Construction
    FRAME
    Lot size
    0.31 lot acres
    Property size
    4,542 SF
    Property type
    Commercial real estate
    APN
    08-16-0-407-004
    APU
    8160407004

    Description

    This exceptional 15,000-square-foot warehouse, situated on a 2.37-acre lot in Swansea, Illinois, presents a compelling investment opportunity. The property boasts a prime location on North Illinois Street (IL Route 159), a major north-south thoroughfare, ensuring high visibility and accessibility. Built in 1986 and renovated in 2018, the single-story building features a flexible layout currently configured with private offices, a showroom, and drive-in warehouse space. The clear-span design allows for easy conversion to entirely warehouse space if desired. Ample parking is available with 80 spaces. The property includes a secured lot and monument signage, enhancing its appeal. The zoning is HB - Highway Business - Village. Key features include 2 grade-level doors (10' x 10' and 14' x 12'), forced-air HVAC in the offices, 200-amp electrical service (120V/240V, single phase), and a minimum 14-foot and maximum 8-foot ceiling clearance. The construction is wood frame with metal siding and brick. This property offers significant potential for a variety of industrial, retail, or office uses. The APN is 08-16.0-407-007

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $850,000

    • CAP approach

      CAP return
      Estimation
      6%
      $730,000
      6.5%
      $800,000
      7%
      $820,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $770,000
      Geo Method
      $755,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $815,000
      Retail
      $790,000
      Mixed-Use
      $765,000
      Hospitality
      $775,000
      Educational
      $775,000
      Residential Income
      $700,000
      Energy
      $850,000
      Income-Based Land
      $770,000
      Food Service
      $865,000

    Location Insight

    • Map
    • Local Demand
    City
    Swansea
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9841
    Latitude
    38.5313
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,382
    $20,717
    $77,310
    $98,027
    -
    $62,151
    $231,930
    $294,081

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    1604 Illinois St
    Swansea, IL 62226
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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