517 Clay St Collinsville, IL 62234
- Commercial real estate
- 2,785 SF
- 0.11 lot acres
Current Use by Public Records
- Bella's Blossoms - A Cullop Jennings Florist / Flower Designer / Gift Shop
Property Details for 517 Clay St
- Year built
- 1967
- Lot size
- 0.11 lot acres
- Property size
- 2,785 SF
- Property type
- Commercial real estate
- APN
- 13-2-21-33-07-202-042
- APU
- 132213307202042
Description
This exceptional mixed-use property, located at 517 W Clay St in Collinsville, Illinois (zip code 62234), presents a unique investment opportunity. The building, constructed in 1967, boasts a substantial 2,785 square feet situated on a 0.1-acre corner lot, providing excellent visibility and signage potential. The main level, previously a florist shop, features a spacious showroom, sales counter, ample shop space, two walk-in coolers, a kitchenette, an office, and a restroom. A significant asset is the attached greenhouse, offering versatile expansion or specialized use options. Upstairs, a vacant two-bedroom apartment awaits, complete with two bathrooms, a laundry room, a living room, and a kitchen. This provides additional income potential through rental or conversion. The property is zoned B-2, offering flexibility for a variety of commercial uses. The APN is 13-2-21-33-07-202-042. This property is ideal for an owner-occupier seeking a combined commercial and residential space or an investor looking for a strong return on investment in a desirable location. The asking price is $195,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $225,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $260,000
- 6.5%
- $260,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $225,000
- Geo Method
- $250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $220,000
- Retail
- $225,000
- Mixed-Use
- $225,000
- Hospitality
- $250,000
- Educational
- $215,000
- Residential Income
- $220,000
- Energy
- $225,000
- Income-Based Land
- $215,000
- Food Service
- $280,000
Location Insight
- Map
- Local Demand
- City
- Collinsville
- County
- Madison
- State
- Illinois
- Longitude
- -89.993
- Latitude
- 38.6692
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
