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    Godfrey, IL
    Retail

    Godfrey, IL Retail Space for Sale

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    Alton, IL Brighton, IL West Alton, MO
    Retail Cottage with On-Site Parking
    Updated: Jun 15
    Retail Cottage with On-Site Parking

    509 Pearl Street, Godfrey, IL 62035

    $128,500
    714 sqft · 0.92 AC lot
    Former one‑bed, one‑bath cottage built in 1940, with vinyl siding and vinyl flooring
    Converted/updated for commercial use, with currently residential zoning and potential for business with a special use permit
    Capped plumbing in place from earlier hair salon use, plus washer/dryer combo and dryer included
    Heating and cooling: forced air heating and central air
    Large paved, fenced parking area in back with space for approximately 8–10 vehicles
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    This listing looks promising.

    Here's a quick look at some key insights for

    509 Pearl Street, Godfrey, IL 62035

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    • Est. Cap Rate

      8.8%
      Above avg (5.9%)

    • Est. NOI

      $11K
      Annual

    • Price @ 7% Cap

      $162K
      Above asking

    • Property Type

      Single Family Residence
      Built 1940
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    Flexible Retail/Office Building
    Updated: Jun 15
    Flexible Retail/Office Building

    1007 W Delmar Avenue, Godfrey, IL 62035

    $350,000
    6,000 sqft · 0.67 AC lot
    6,000 SF commercial building on busy Delmar Ave. in Godfrey, built in 1975
    Block and brick construction with multiple heating systems (forced air, natural gas) and central air plus ductless and wall unit cooling
    Significant updates since 2013 including electrical upgrades, roof improvements, drainage enhancements, waterproofing, HVAC updates, and window updates
    Illuminated LED roadside sign and LED roadside signage for exposure to passing traffic
    Two separate lots with B‑1 zoning, with layout options for retail, office, showroom, service businesses, or combinations
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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Godfrey, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Downtown Retail Potential in Wood River
    Downtown Retail Potential in Wood River

    16 E Ferguson Avenue, Wood River, IL 62095

    $87,500
    2,875 sqft · 0.07 AC lot

    Commercial property with retail potential in downtown Wood River, Illinois.

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    Downtown Commercial Property with Retail Potential
    Downtown Commercial Property with Retail Potential

    16 E Ferguson Avenue, Wood River, IL 62095

    $87,500
    2,875 sqft

    Downtown commercial property featuring 2875 sq ft of retail potential.

    View details
    Mixed-Use Downtown Restaurant & Apartments
    Mixed-Use Downtown Restaurant & Apartments

    119 W 3rd Street, Alton, IL 62002

    $699,000

    Mixed-use building with restaurant and bar plus four apartments and outdoor patio, near the Mississippi River.

    View details
    Retail Space on Homer Adams
    Retail Space on Homer Adams

    2600-2610 Homer M Adams Pkwy, Alton, IL

    Contact for pricing
    24,300 sqft · 22.93 AC lot

    Retail property with high visibility and ample parking.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime PUD-Zoned Land Opportunity
    Prime PUD-Zoned Land Opportunity

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    900 sqft · 2.07 AC lot

    2.07 acres of PUD-zoned land in a growing corridor.

    View details

    Godfrey, IL Retail Space Market Trends and Statistics

    Explore 2 retail space for sale in Godfrey, IL on our real estate platform. These investment opportunities span a total of 6,714 square feet of properties for sale, with an estimated market value of $478,500.

    Sale prices for retail space in Godfrey, IL start at $128,500, averaging $239,250, and reaching up to $350,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 4
    Grocery and convenience stores 2
    Showrooms 2
    Storefront properties 1

    Demographics Overview

    Population 16K
    Population Growth (5Y) -3.7%
    Median Household Income $91,696
    College Educated 43.8%

    High-Yield Neighborhoods for Investment

    Identify Godfrey submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62035 $239.3K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Madison County

    New Delisted

    Total CRE Inventory on Market (SF)

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