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    OFF-MARKET
    Commercial real estate

    312 Belt E, Swansea, IL 62226-2419

    4,212 SF 1.31 ac lot Built 2003
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US28-1885108
    Property summary
    AI-generated overview

    This exceptional 4,212-square-foot medical office building, located at 312 N Belt E in Swansea, Illinois (zip code 62226), presents a unique investment opportunity. Priced at $695,000, this single-story, Class B building was constructed in 2003 and is currently vacant. The property boasts a desirable location on a main thoroughfare, offering excellent visibility and accessibility. Previously used as a veterinary hospital, the space features a dedicated pharmacy area, a spacious front reception and waiting room, and two private offices. The building's versatile layout allows for a variety of medical uses, or even potential conversion for daycare purposes. Recent improvements include a new roof and interior paint, completed within the last two years, ensuring the property is well-maintained and ready for immediate occupancy. The previous practice vacated in October 2023, and some legacy hospital items may be available. This property offers a strong foundation for a new medical practice or a savvy investor seeking a prime location in a thriving community. The property's convenient location in St. Clair County, Illinois, provides easy access to major transportation routes and a strong local market. This is a rare opportunity to acquire a well-maintained, ready-to-occupy medical office building in a high-demand area.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2003
    Construction WOOD
    Total area 4,212 SF
    Lot 1.31 ac (57,064 SF)
    APN 08-15-0-103-032
    UPID US28-1885108
    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
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Jmagnuson Properties LLC
    Jmagnuson Properties LLC
    since 2026
    Last sale
    $530,000
    7 recorded transactions
    2026
    $530,000
    2026
    2019
    2017
    2003
    2003
    $210,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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