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Property profile & analytics
OFF-MARKET Estimated value $1,205,000
Commercial real estate

548 Washington St Millstadt, IL 62260-1287

9,240 SF 0.84 ac lot Built 2005
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US28-1283590
Property summary
AI-generated overview

This exceptional commercial property at 548 E Washington St, Millstadt, IL 62260, offers a unique opportunity for businesses seeking flexible and well-located space. The single-story, 8,800 square foot building, constructed in 2005, features a variety of spaces ideal for executive offices or retail storefronts. Currently, 4,300 square feet of space is available, divisible into units ranging from a minimum of 1,100 square feet to a maximum contiguous space of 3,200 square feet. The building boasts a 10-foot ceiling height, providing ample space and a modern feel. Located in a thriving retail center at the town's entrance, the property benefits from high visibility and significant traffic, with 8,300 average daily traffic on East Washington Street (IL Route 158). The 0.83-acre lot provides ample parking with 45 spaces available. The property is zoned B-2, offering versatility for various business types. Join established businesses such as Sunrise Restaurant, NT Nails, and Rae & James Home Decor in this vibrant commercial hub. The property's APN is 12-10.0-304-042, and it's situated in St. Clair County, Illinois. This is an excellent opportunity to establish or expand your business in a prime Millstadt location. The property offers multiple tenancy options, making it suitable for a variety of business needs.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2005
Construction WOOD
Total area 9,240 SF
Lot 0.84 ac (36,590 SF)
APN 12-10-0-304-042
UPID US28-1283590
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
  • NT Nails Nail Salon
  • Midwest Exteriors & Interiors Roofing Company General Contractor
  • Sunrise Pancake House Restaurant
  • Rae and James Department Store
  • Keck Jewelers (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.44M
Comparable Approach Comparable
$962k
Blend (final) Blend
$1.21M
Owner & transaction history
Millstadt Crossing LLC
Millstadt Crossing LLC
since 2026
7 recorded transactions
2026
$587,000
2020
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
2017
Price N/A
2015
$880,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.9M +142.5%
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