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Property profile & analytics

517 Clay St Collinsville, IL 62234

  • Commercial real estate
  • 2,785 SF
  • 0.11 lot acres
Value Estimation
Last Sale
Feb 13, 2024
$225,000
Location Intelligence
Property ID
US28-0923388
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

  • 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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

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
2022
$2,803
$6,400
$36,000
$42,400
-
$19,219
$108,108
$127,327
More about this property
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