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Property profile & analytics
OFF-MARKET
Commercial real estate
2415 Illinois St Swansea, IL 62226-2940
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1982153
Property summary
AI-generated overview
This exceptional Swansea, Illinois investment opportunity presents two buildings totaling 10,416 square feet on a 1.46-acre lot. Strategically located off Route 159, the property boasts high visibility and benefits from over 20,000 cars passing daily. Building 1, a 5,500 square foot warehouse, includes a mezzanine perfect for extra office space or storage, plus a drive-in door and a recently remodeled 2,000 square foot office area with kitchenette. Building 2 offers 2,916 square feet of office/retail space and its own drive-in door. The entire property underwent renovations in 2023. Originally constructed in 1987, this commercially zoned property (APN: 08-15.0-101-071) is currently vacant and priced at $450,000 ($43.20/sq ft). This presents a rare chance to acquire a versatile property with significant potential in a high-traffic location. The property is ready for immediate occupancy and offers a strong return on investment. The address is 2415 N Illinois St, Swansea, IL 62226.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1987
Construction
WOOD
Total area
2,916 SF
Lot
1.46 ac (63,598 SF)
APN
08-15-0-101-071
UPID
US28-1982153
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The Bike Surgeon Incorporated · 1 yrs held
The Bike Surgeon Incorporated
since 2025
Last sale
$320,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Swansea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Swansea submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,864
Tax year 2023
Assessed value
$197,213
Assessed 2023
Previous assessed
$197,213
+0.0% YoY
Effective rate
8.55%
On assessed value
Assessed land
$55,737
Assessed improvement
$141,476
Land market value
$167,211
Improvement market value
$424,428
Total market value
$591,639
Applied tax rate
7,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Buildings
2
Total area
2,916 SF
Lot
1.46 ac (63,598 SF)
APN
08-15-0-101-071
UPID
US28-1982153
Jurisdiction
ST CLAIR
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
NONE
Buildings
2
Lot
1.46 ac
Current owner
From public records · entity-resolved
The Bike Surgeon Incorporated
Individual
Mailing address
301 N MAIN ST W STE #812, SAINT ELMO, IL 62458-1634
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2025
—
The Bike Surgeon Incorporated
Ruralmed Ems INC
Special Warranty Deed
$327,500 · Bank Of Ofallon
Aug 11, 2023
$320,000
Ruralmed Ems INC
New Directions LLC
Warranty Deed
—
Jul 22, 2020
—
New Direction LLC
—
Deed
related
$89,112 · Central Bk/st Louis
Nov 19, 2019
—
New Direction LLC
—
Deed
related
$300,000 · Central Bk/st Louis
Nov 8, 2018
—
New Direction LLC
—
Deed
related
$300,000 · Central Bk/st Louis
Jul 11, 2018
—
New Direction LLC
—
Deed
related
$300,000 · Central Bk/st Louis
Oct 24, 2017
—
New Direction LLC
—
Deed
related
$70,000 · Central Bk/st Louis
Aug 14, 2017
—
New Direction LLC
—
Deed
related
$215,000 · Central Bk/st Louis
Oct 13, 2016
—
New Direction LLC
—
Deed
related
$70,000 · Central Bk/st Louis
Dec 26, 2006
—
New Direction LLC
—
Trustees Deed
related
$300,000 · First Nat'l Bk/st Louis
Jul 19, 2004
—
New Direction LLC
Derousse,robert B & Ellen M
Quit Claim Deed
related
—
Jun 6, 1997
$217,500
Robert B Derousse
Munie,wayne J
Grant Deed
$225,000 · Union Bank Of Illinois
—
—
New Direction LLC
—
Loan Modification
related
$300,000 · Central Bk/st Louis
—
—
Robert B Derousse
—
Deed Of Trust
related
$215,000 · First National Bank St Louis
—
—
New Direction LLC
—
Loan Modification
related
$300,000 · Central Bk/st Louis
—
—
New Direction LLC
—
Loan Modification
related
$300,000 · First National Bank St Louis
—
—
New Direction LLC
—
Deed Of Trust
related
$70,000 · Central Bk/st Louis
—
—
New Direction LLC
—
Loan Modification
related
$215,000 · First Nat'l Bk/st Louis
—
—
Robert B Derousse
—
Loan Modification
related
$215,000 · First Nat'l Bk/st Louis
—
—
New Direction LLC
—
Loan Modification
related
$70,000 · Central Bk/st Louis
—
—
New Direction LLC
—
Deed Of Trust
related
$215,000 · Central Bk/st Louis
—
—
New Direction LLC
—
Loan Modification
related
$300,000 · Central Bk/st Louis
—
—
New Direction LLC
—
Loan Modification
related
$89,112 · Central Bk/st Louis
—
—
New Direction LLC
—
Deed Of Trust
related
$300,000 · First National Bank St Louis
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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