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    7640 Plummer Business Dr Troy, IL 62294

    • Commercial real estate
    • 30,228 SF
    • 3.24 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimation
    $765,000
    Location Intelligence
    Property ID
    US28-1788768
    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 7640 Plummer Business Dr

    Year built
    2006
    Lot size
    3.24 lot acres
    Property size
    30,228 SF
    Property type
    Commercial real estate
    APN
    09-2-22-17-05-101-023
    APU
    92221705101023

    Description

    This exceptional single-story, Class B commercial property, the Troy Shopping Center, offers a unique opportunity for businesses seeking executive office space or retail space in a thriving location. Built in 2006 and renovated in 2017, the 30,500 square foot building sits on a 3.25-acre lot in Madison County, Illinois, and is zoned C-3. The property boasts excellent visibility from Highway 40, with easy access from I-55/70 (Exit 17), and is conveniently located adjacent to RP Lumber. Currently, there are two available spaces ranging from 1,492 to 1,520 contiguous square feet, with a total of 3,012 square feet of vacant space. The minimum divisible space is 1,492 square feet, allowing for flexibility in tenant needs. The property's address is 7640 Plummer Business Dr, Troy, IL 62294. Annual property taxes are $40,153.50. This location benefits from high traffic counts, with 15,000 average daily traffic (ADT) on Highway 40, ensuring high visibility and accessibility for businesses. The property's location within a growing business park further enhances its appeal. The APN is 09-2-22-17-05-101-023.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $735,000

    • CAP approach

      CAP return
      Estimation
      6%
      $930,000
      6.5%
      $875,000
      7%
      $1,020,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $830,000
      Geo Method
      $960,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $940,000
      Retail
      $885,000
      Mixed-Use
      $1,025,000
      Hospitality
      $965,000
      Educational
      $930,000
      Residential Income
      $780,000
      Energy
      $790,000
      Income-Based Land
      $885,000
      Food Service
      $805,000

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Madison
    State
    Illinois
    Longitude
    -89.911
    Latitude
    38.7159
    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
    $38,425
    $170,110
    $344,210
    $514,320
    -
    $510,841
    $1,033,664
    $1,544,505

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    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $13 SF/Yr
      30,500 SF

      Troy Shopping Center: Executive Suites

      Prime Troy location, retail & office space available.
      7640 Plummer Business Dr, Troy, IL 62294
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    • $14 SF/Yr
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      466,280 SF

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      21.5-acre industrial park; build-to-suit options.
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    • $14 SF/Yr
      1,540 SF

      Retail Space Available For Lease

      Retail space available in highly visible location.
      635-653 Edwardsville Rd, Troy, IL 62294
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    • $13 SF/Yr
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      Retail Space in Troy Plaza

      Retail spaces available in well-located Troy Plaza Shopping Center.
      525-547 Troy Plz, Troy, IL 62294
      View Details
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    Troy, IL 62294
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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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