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    FOR LEASE
    Commercial real estate

    505 Buckeye Dr, Troy, IL 62294

    7,138 SF 0.5 ac lot Built 1997
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US28-1097653
    Property summary
    AI-generated overview

    This exceptional commercial real estate opportunity presents a three-building office complex totaling 11,900 square feet, situated on a 1.33-acre lot in Troy, Illinois. The property, built in 1997, comprises three separate structures, offering a flexible layout suitable for various business types. Individual suites range from a minimum of 2,400 square feet up to the entire 11,900 square feet, allowing for diverse tenancy options. Currently, all 11,900 square feet are available for lease or sale. The complex boasts a total of 80 parking spaces, ensuring ample accommodation for tenants and clients. Strategically located with convenient access to Highways 55 and 70, this property enjoys excellent visibility and accessibility. Its commercial zoning allows for a wide range of business uses, making it an attractive investment for owner-users or investors seeking a stable and adaptable property. The property's location within the expanding Madison County market offers significant potential for appreciation and strong tenant demand. The three buildings, identified as 505 Buckeye, 500 Ohara, and 504 Ohara, are a two-story construction, presenting a substantial opportunity in a thriving commercial area. The property's Assessed Parcel Number (APN) is 09-2-22-05-20-402-040, and it is located in Madison County.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1997
    Total area 7,138 SF
    Lot 0.5 ac (21,780 SF)
    APN 09-2-22-05-20-402-040
    UPID US28-1097653
    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
    Current use
    Occupant on record · Public records
    • Padda Institute - Center For Interventional Pain Management: Gurpreet S. Padda, MD Physician
    • Center For Pain Management Physician
    • Dr. Philip Gogel Physician
    • Khan Sohail a MD Physician
    • Khattak Hafiz K MD Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $910k
    CAP Approach CAP
    $1.07M
    Comparable Approach Comparable
    $872k
    Blend (final) Blend
    $840k
    Owner & transaction history
    Buckeye Ohara Il LLC · 5 yrs held
    Buckeye Ohara Il LLC
    since 2020
    Last sale
    $820,000
    7 recorded transactions
    2020
    2017
    2007
    2002
    $820,000
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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