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    OFF-MARKET
    Office Spaces

    3120 Maryville Rd, Granite City, IL 62040-5189

    2,580 SF 0.24 ac lot Built 1979
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-1182214
    Property summary
    AI-generated overview

    This exceptional commercial property at 3120 Maryville Road, Granite City, IL 62040, presents a unique investment opportunity. Priced at $325,000, this industrial property boasts a substantial 10,624 square foot lot. The existing building offers approximately 2500 square feet of brick construction, providing a solid foundation for a variety of uses. Its prime location in a high-traffic area offers excellent visibility and accessibility. The property's flexible zoning may allow for special use permits, opening doors to creative ventures such as restaurants, subject to local approvals. The large, open main space provides a blank canvas for customization, allowing buyers to design and develop the space to perfectly suit their needs. Additional finished square footage on the lower level offers versatile functionality, ideal for storage, preparation areas, or private events. The property also features ample parking at the rear and four bathrooms, ensuring convenience for both customers and staff. This is a rare chance to acquire a well-situated property with significant potential in a thriving area. The property is classified as Industrial and Land, with a Warehouse and Commercial subtype. The property is located in Madison County, Illinois, zip code 62040.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1979
    Total area 2,580 SF
    Lot 0.24 ac (10,625 SF)
    APN 22-2-20-09-19-401-007-001
    UPID US28-1182214
    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
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    Blend (final) Blend
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    Owner & transaction history
    Jasons Ice Creme INC · 4 yrs held
    Jasons Ice Creme INC
    since 2021
    6 recorded transactions
    2022
    2021
    $190,000
    2006
    1999
    $140,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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