Financial
Distress signals
Property profile

2323 Plum St Edwardsville, IL 62025

FOR SALE
Other commercial real estate
Property ID
US28-1160186
15,901 SF 2.91 ac lot Built 2018
Last sale Apr 2026 · $7,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

Ironworks is a retail-focused shopping center containing multiple commercial spaces designed for leasing, constructed as a new retail development and located at 2323 Plum St in Edwardsville, Illinois, in a suburban area. The center provides a parking supply of over 125 spaces and is positioned for street-level visibility. An available retail space within the center is 4,493 square feet in size.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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?
$99k
Tax billed · 2022
Assessed value$1.35M
Assessed land$413k
Assessed improvement$940k
Effective rate7.32%

Value estimate

· Sep 2026
$740k
$666k – $814k
CAP approach$2.39M
Submarket $/SF estimate$2.62M
NOI build-up
Gross scheduled income$391k
Vacancy & credit loss−$10k
Operating expenses−$114k
NOI · 3.37% cap applied$266k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$219/SF
ZIP average, outlier-cleaned · 101 recorded sales of this use type
Observed band · Q1–Q3$112 – $382
Qualifying comparables8

Cap rate analysis

How does the asset earn?
3.37%
$266k 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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm21.8
Realty agency21.8
Auto Parts Store17.7

Location

2323 Plum St Edwardsville, IL 62025
County assessor Recorded deeds · 1 transfer 8 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
7205 Marine, Edwardsville, IL 62025-4545 $785,000 Dec 2025 6,380 SF
401 Saint Marys, Edwardsville, IL 62025-4276 $4,620,000 Jul 2025 32,426 SF
1095 University, Edwardsville, IL 62025-3961 $4,620,000 Jul 2025 32,782 SF
246 Main, Edwardsville, IL 62025-1604 $850,000 Jul 2025 6,161 SF
1200 State Rte 157, Edwardsville, IL 62025 $2,774,000 May 2025 9,558 SF
6132 Shoger, Edwardsville, IL 62025-4714 $6,300,000 Mar 2025 40,206 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
Try Rey
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
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message