Financial
Distress signals
Property profile

2775 Madison Ave Granite City, IL 62040

OFF-MARKET
Other commercial real estate
Property ID
US28-1995455
1,100 SF 0.12 ac lot Built 1975
Last sale Apr 2026 · $50,000
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This commercial building is located on a corner lot and was previously configured for use as a beauty salon. The interior is set up with existing salon equipment, including two washing stations, two drying stations, chairs, mirrors, and included appliances such as a refrigerator and a washer and dryer. The layout supports up to five workstations. Mechanical systems include a furnace that is approximately six years old and an air conditioning unit that is approximately two years old. Special use

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?
$3k
Tax billed · 2022
Assessed value$25k
Assessed land$6k
Assessed improvement$19k
Effective rate10.00%

Value estimate

· Sep 2026
$280k
$252k – $308k

Realmo valuation models over county records and 14 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 comparables14

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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 agency17.3
Law Firm12.2
Dental Office11.6

Location

2775 Madison Ave Granite City, IL 62040-3608
County assessor Recorded deeds · 6 transfers 14 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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