1100 S State Route 157, Edwardsville, IL 62025
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.
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Imo's Pizza Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.