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3021 Godfrey Rd Godfrey, IL 62035-1808

OFF-MARKET Commercial real estate Google Maps
1,236 SF 0.48 ac lot Built 1975
Entity Owned ~ Est. High Equity
Estimated value (blended)
$275k
Range $248k – $303k (±10%)
Property ID US28-1192416

Property summary

AI-generated overview

This exceptional commercial property, located at 3021 Godfrey Road in Godfrey, Illinois, presents a fantastic opportunity for a variety of businesses. Situated on a 0.48-acre lot, this single-story building offers high visibility and easy access, making it an ideal location for attracting customers. The main level features a spacious entry room, multiple offices, and two half bathrooms, providing ample space for both staff and clients. A significant advantage is the full walk-out basement, which includes a convenient loading area at the back, two additional offices, and a 34 x 14 unfinished utility area, offering significant storage or expansion potential. The building benefits from recent upgrades, including a new heating and central air system installed in 2022, and a roof replacement in 2008. Furthermore, the sewer line was replaced in 2000, featuring a 6-inch clean-out for enhanced maintenance. The property's ample parking further enhances its appeal and functionality. This well-maintained building offers a blend of established infrastructure and modern conveniences, making it a truly attractive investment opportunity in a desirable Godfrey location. The property's multi-use potential allows for a wide range of business applications, making it a versatile and adaptable space for future growth.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1975
Total area 1,236 SF
Lot 0.48 ac (20,909 SF)
APN 24-1-01-35-14-301-011
UPID US28-1192416

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
  • Insurance Agency
  • Construction Company General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2025
Last sale
$150,000
1 recorded transaction
2025
$150,000

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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