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312 Belt E Swansea, IL 62226-2419

OFF-MARKET Commercial real estate Google Maps
4,212 SF 1.31 ac lot Built 2003
Entity Owned Absentee Owner ~ Est. High Equity
Estimated value (blended)
$475k
Range $428k – $523k (±10%)
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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$475k

Owner & transaction history

since 2026
Last sale
$530,000
7 recorded transactions
2026
$530,000
2026
Price N/A
2019
Price N/A
2017
Price N/A
2003
Price N/A
2003
$210,000
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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