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Property profile & analytics

12603 State Route 143 Highland, IL 62249

  • Commercial real estate
  • 25,868 SF
  • 1.13 lot acres
Value Estimation
$725,000
Location Intelligence
Property ID
US28-2104561
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 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

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

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
$44,895
$141,430
$449,390
$590,820
-
$424,715
$1,349,520
$1,774,235
More about this property
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