Property profile

547 Bargraves Blvd Troy, IL 62294

OFF-MARKET
Commercial real estate
Property ID
US28-2785154
14,400 SF 3.68 ac lot Built 1988
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Troy Plaza, a 14,400 square foot retail center in Troy, Illinois, presents a compelling leasing opportunity. Located at 547 Bargraves Blvd, this single-story, 1988-built property sits on a 3.89-acre lot and is zoned C2 (General Commercial). Currently, 3,600 square feet of space is immediately available, divisible into units ranging from 1,184 to 3,600 contiguous square feet. The center enjoys a high-traffic location just off IL-162, less than a mile from Highway 55, with approximately 11,600 vehicles passing daily, ensuring excellent visibility. Pylon signage is available. This well-established shopping center benefits from strong co-tenancy with established businesses such as Subway and China King, creating a vibrant and attractive retail environment. The property's APN is 092220520402023, and it's situated in Madison County, Illinois, zip code 62294. This is an exceptional opportunity for businesses seeking high visibility and convenient access in a thriving community. The property is under new ownership.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1988
Total area 14,400 SF
Lot 3.68 ac (160,301 SF)
APN 09-2-22-05-20-402-023
UPID US28-2785154

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

547 Bargraves Blvd Troy, IL 62294
Troy metro Census 403531 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.17M
Comparable Approach Comparable
$2.04M
Blend (final) Blend
$3.94M

Owner & transaction history

since 2023
Last sale
$2.8M
7 recorded transactions
2023
$2.8M
2023
Price N/A
2017
Price N/A
2017
Price N/A
2004
Price N/A
1969
Price N/A
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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