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Property profile & analytics
FOR LEASE
Commercial real estate

7640 Plummer Business Dr Troy, IL 62294

30,228 SF 3.24 ac lot Built 2006
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US28-1788768
Property summary
AI-generated overview

This exceptional single-story, Class B commercial property, the Troy Shopping Center, offers a unique opportunity for businesses seeking executive office space or retail space in a thriving location. Built in 2006 and renovated in 2017, the 30,500 square foot building sits on a 3.25-acre lot in Madison County, Illinois, and is zoned C-3. The property boasts excellent visibility from Highway 40, with easy access from I-55/70 (Exit 17), and is conveniently located adjacent to RP Lumber. Currently, there are two available spaces ranging from 1,492 to 1,520 contiguous square feet, with a total of 3,012 square feet of vacant space. The minimum divisible space is 1,492 square feet, allowing for flexibility in tenant needs. The property's address is 7640 Plummer Business Dr, Troy, IL 62294. Annual property taxes are $40,153.50. This location benefits from high traffic counts, with 15,000 average daily traffic (ADT) on Highway 40, ensuring high visibility and accessibility for businesses. The property's location within a growing business park further enhances its appeal. The APN is 09-2-22-17-05-101-023.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2006
Total area 30,228 SF
Lot 3.24 ac (141,134 SF)
APN 09-2-22-17-05-101-023
UPID US28-1788768
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.09M
Blend (final) Blend
$735k
Owner & transaction history
Plummer Investments LLC · 7 yrs held
Plummer Investments LLC
since 2019
4 recorded transactions
2019
Price N/A
2014
Price N/A
2012
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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