422 Madison St, Lebanon, IL 62254
- Commercial real estate
- 0.63 lot acres
Current Use by Public Records
- Metro Storage Express / Storage Facility
Property Details for 422 Madison St
- Lot size
- 0.63 lot acres
- Property type
- Commercial real estate
- APN
- 05-19-0-428-019
- APU
- 5190428019
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 12, 2025 | — | Storage Near Me Lebanon Il | — | Deed · related | $434k · St Louis Bank |
| Dec 16, 2024 | $280,000 | Storage Near Me Lebanon LLC | Center House Holdings LLC | Warranty Deed | — |
| Jan 3, 2024 | — | Center House Holdings LLC | Metro Storage II LLC | Special Warranty Deed | — |
| Jan 10, 2022 | — | Metro Storage Il LLC | — | Deed · related | $60k · Carrollton Bank |
Description
This exceptional investment opportunity presents a 5,870 square foot retail and self-storage property located at 422 S Madison Street in Lebanon, Illinois, boasting 99 units. Built in 2002 and extensively renovated in 2022, the property sits on a 0.63-acre lot and is zoned B2. The asking price is $425,000, representing a compelling price per square foot of $72.40 and an attractive 8.60% cap rate, generating a Net Operating Income (NOI) of $36,332. The property benefits from its location in Lebanon's historic shopping district, close to McKendree University, a nationally ranked institution offering a variety of undergraduate and graduate programs. Lebanon's vibrant community features numerous amenities, including Horner Park, the Hettenhausen Center for the Arts, and the Looking Glass Playhouse. This prime location, coupled with the property's strong financial performance and recent renovations, makes it an ideal investment for discerning buyers seeking a high-return, low-risk opportunity in a thriving community. The property's APN is 05190428019. This well-maintained property offers a blend of retail and self-storage space, providing diverse income streams and significant potential for future growth. The property's strong cash flow and strategic location make it a highly desirable investment opportunity.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Lebanon
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.8068
- Latitude
- 38.5998
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
