Financial
Distress signals
Property profile

2301 State St Granite City, IL 62040

FOR SALE
Other commercial real estate
Property ID
US28-2795611
1,264 SF 0.1 ac lot Built 1948
Last sale Aug 2007 · $72,000
Individually Owned Owner of record is an individual. 14-yr Hold Held for 14 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 1948-era corner-lot storefront building with a substantial open interior configured for a range of lower-traffic commercial or office uses. The main room features high decorative ceilings and finishes including luxury vinyl tile and carpet, with an updated bathroom. The property includes a full basement with perimeter shelving and a central workbench for additional utility such as storage or staging. Site features include grassed side area, street access to the building, and a designated

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$2k
Tax billed · 2022
Assessed value$17k
Assessed land$4k
Assessed improvement$14k
Effective rate10.00%

Value estimate

· Sep 2026
$165k
$149k – $182k
NOI build-up
Gross scheduled income$23k
Vacancy & credit loss−$591
Operating expenses−$7k
NOI · 25.85% cap applied$16k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$80/SF
ZIP average, outlier-cleaned · 150 recorded sales of this use type
Observed band · Q1–Q3$36 – $184
Qualifying comparables5

Cap rate analysis

How does the asset earn?
25.85%
$16k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMADISON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.7
Dental Office12.8
Parking Facility9.7

Location

2301 State St Granite City, IL 62040
County assessor Recorded deeds · 13 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3995 Nameoki, Granite City, IL 62040-3718 $335,000 Jun 2025 1,542 SF
2901 Iowa, Granite City, IL 62040-4925 $47,500 Jun 2025 1,440 SF
2800 Nameoki, Granite City, IL 62040-4912 $120,000 May 2025 3,000 SF
2829 Warren, Granite City, IL 62040-5841 $270,000 Mar 2025 2,160 SF
2032 Lindell, Granite City, IL 62040-3963 $50,000 Jan 2025 2,595 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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