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    FOR SALE
    Commercial real estate

    1100 S State Route 157, Edwardsville, IL 62025

    4,224 SF 1.03 ac lot Built 2000
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US28-3403608
    No photos on file
    For Sale
    $1,350,000 4,224 SF
    1100 S State Route 157, Edwardsville, IL 62025
    View Listing →
    Property summary
    AI-generated overview

    This exceptional 1.03-acre commercial redevelopment opportunity is situated at a prime location in Edwardsville, Illinois, on State Route 157. Boasting 195 feet of frontage on this busy five-lane highway, the property enjoys an average daily traffic count of 20,000 vehicles, placing it at the heart of a thriving commercial area. Its strategic position near a four-way lighted intersection and adjacent to new construction projects ensures high visibility and accessibility. The site is conveniently located one lot from the intersection with Center Grove Road. The existing building, currently occupied by an Imo's restaurant and a Scoops Creamery, offers 4,224 square feet of space. The restaurant features a fully equipped kitchen, a spacious dining area, two restrooms, and a convenient drive-through window. The Scoops Creamery includes outdoor patio seating. The property also includes 44 existing parking spaces. The building benefits from a new rolled rubber roof installed in 2016, and the restaurant's dining area underwent a remodel in 2020. This property presents a unique chance to capitalize on a high-demand location with significant potential for redevelopment or continued operation as a thriving commercial establishment. The substantial traffic volume and proximity to new developments make this an unparalleled investment opportunity.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2000
    Total area 4,224 SF
    Lot 1.03 ac (44,867 SF)
    APN 14-1-15-22-00-000-004-022
    UPID US28-3403608
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Imo's Pizza Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.18M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $696k
    Blend (final) Blend
    $1.09M
    Owner & transaction history
    Cbl Investors INC · 6 yrs held
    Cbl Investors INC
    since 2020
    Last sale
    $1.1M
    3 recorded transactions
    2022
    2020
    $1.1M
    2019
    $1.1M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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