12603 State Route 143 Highland, IL 62249
- Commercial real estate
- 25,868 SF
- 1.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 12603 State Route 143
- Year built
- 2006
- Lot size
- 1.13 lot acres
- Property size
- 25,868 SF
- Property type
- Commercial real estate
- APN
- 02-2-18-32-02-202-024
- APU
- 22183202202024
Description
This exceptional 25,070 square foot medical office and retail space, located at 12603 State Rte 143 in Highland, Illinois, presents a unique investment opportunity. The single-story, Class B building, constructed in 2006, sits on one acre of land and is zoned C-2. The property boasts a highly visible location on Highland's main retail corridor, benefiting from nearly 14,000 average daily traffic counts on IL-143. Its strategic placement at a lighted intersection in front of R.P. Lumber ensures excellent visibility and accessibility. Currently, there are multiple suites available, ranging from a minimum of 1,775 square feet to a maximum contiguous space of 2,604 square feet. A total of 4,379 square feet is currently vacant. The property's APN is 02-2-18-32-02-202-024, and it's situated in Madison County, Illinois, zip code 62249. This versatile property is ideal for a variety of medical and retail uses, offering significant potential for growth and return on investment. The property's convenient location and high visibility make it an attractive option for businesses seeking a strong presence in a thriving community. The building's single-story design provides easy accessibility for patients and customers. This is a rare opportunity to acquire a well-located, established property in a desirable market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $710,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $815,000
- 6.5%
- $830,000
- 7%
- $715,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $775,000
- Geo Method
- $855,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $840,000
- Retail
- $790,000
- Mixed-Use
- $890,000
- Hospitality
- $760,000
- Educational
- $730,000
- Residential Income
- $880,000
- Energy
- $890,000
- Income-Based Land
- $710,000
- Food Service
- $650,000
Location Insight
- Map
- Local Demand
- City
- Highland
- County
- Madison
- State
- Illinois
- Longitude
- -89.6805
- Latitude
- 38.7516
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA