Property profile

296 Main St Glen Carbon, IL 62034

OFF-MARKET
Other commercial real estate
Property ID
US28-2368042
8,250 SF 0.84 ac lot Built 2004
Entity Owned Free & Clear
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Property summary

AI-generated overview

Retail property constructed in 2003 consisting of an 8,744-square-foot building on a 0.84-acre site. The building is leased under a long-term agreement structure (25-year term historically in place) and includes remaining future extension rights with periodic rent escalations. The property is located in Glen Carbon in the St. Louis Metropolitan Statistical Area, with access to major highway routes I-285 and I-270 and nearby traffic volumes exceeding 15,000 vehicles per day. Area context includes proximity to Anderson Hospital (151 beds), Southern Illinois University Edwardsville (approximately 14,000 students), and Lambert-St. Louis International Airport (about 15 million annual passengers), as well as nearby national retailers such as Walmart, Target, Sam’s Club, Best Buy, Lowe’s, and Aldi. The site has been occupied by a Dollar General tenant, a Fortune 500 discount retailer with operations across multiple states.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2004
Total area 8,250 SF
Lot 0.84 ac (36,487 SF)
APN 13-2-21-04-05-101-021
UPID US28-2368042

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Postal Service Courier Service
  • Bank Credit Union
  • Discount Store

Location

296 Main St Glen Carbon, IL 62034-1105
Glen Carbon metro Census 403534 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$580k
CAP Approach CAP
by Request
Comparable Approach Comparable
$512k
Blend (final) Blend
$575k

Owner & transaction history

since 2025
Last sale
$600,000
6 recorded transactions
2025
$600,000
2020
$557,000
2016
$535,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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