505 Buckeye Dr Troy, IL 62294
- Commercial real estate
- 7,138 SF
- 0.50 lot acres
Current Use by Public Records
- Padda Institute - Center For Interventional Pain Management: Gurpreet S. Padda, MD / Pain Management Physician
- Center For Pain Management / Pain Control Clinic
- Dr. Philip Gogel / General Practitioner / Doctor
- Khan Sohail a MD / Doctor
- Khattak Hafiz K MD / Doctor
Property Details for 505 Buckeye Dr
- Year built
- 1997
- Lot size
- 0.50 lot acres
- Property size
- 7,138 SF
- Property type
- Commercial real estate
- APN
- 09-2-22-05-20-402-040
- APU
- 92220520402040
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $850,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $735,000
- 6.5%
- $705,000
- 7%
- $810,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $825,000
- Geo Method
- $880,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $885,000
- Retail
- $775,000
- Mixed-Use
- $775,000
- Hospitality
- $1,005,000
- Educational
- $990,000
- Residential Income
- $1,015,000
- Energy
- $745,000
- Income-Based Land
- $800,000
- Food Service
- $995,000
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Madison
- State
- Illinois
- Longitude
- -89.8957
- Latitude
- 38.7333
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
