Realmo Analytics

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Property profile

2532 N Illinois St Swansea, IL 62226

FOR SALE
Commercial real estate
Property ID
US28-1861165
13,836 SF 1.82 ac lot Built 1997
Last sale Sep 2022 · $3,350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a freestanding Walgreens located at 2532 N Illinois St, Swansea, IL 62226. The 13,905 square foot property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $223,992. The property benefits from a 100% occupancy rate with Walgreens, a highly reputable tenant, under a net lease with over 10.1 years remaining. The lease includes nine five-year renewal options, providing long-term stability and predictable cash flow. …

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$49k
Tax billed · 2023
Assessed value$570k
Assessed land$174k
Assessed improvement$396k
Effective rate8.55%

Value estimate

· Oct 2026
$2.56M
$2.30M – $2.81M
AI approach$2.32M
CAP approach$2.16M
Submarket $/SF estimate$1.60M
NOI build-up
Gross scheduled income$264k
Vacancy & credit loss−$11k
Operating expenses−$63k
NOI · 6.98% cap applied$189k

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

Recently sold

What actually traded nearby?
$87/SF
ZIP average, outlier-cleaned · 73 recorded sales of this use type
Observed band · Q1–Q3$41 – $127
Qualifying comparables8

Cap rate analysis

How does the asset earn?
6.98%
$189k 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.

JurisdictionST CLAIR

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 agency12.3
Wholesale Shop11.6
Storage Facility11.5

Location

2532 N Illinois St Swansea, IL 62226
County assessor Recorded deeds · 7 transfers 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
4204 Main, Belleville, IL 62226-5501 $175,000 Dec 2025 7,232 SF
5600 Belleville Xing, Belleville, IL 62226-3104 $1,600,000 Dec 2025 12,950 SF
Illinois, Belleville, IL 62226 $750,000 Dec 2025 6,702 SF
4460 Illinois, Swansea, IL 62226-1899 $750,000 Dec 2025 6,702 SF
1148 Royal Hts, Belleville, IL 62226-5463 $315,000 Nov 2025 9,990 SF
1703 Belt W, Belleville, IL 62226-5924 $790,000 Oct 2025 20,054 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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