1186 S State Route 157
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1186 S State Route 157
7,434 SF Office Building Edwardsville, IL 62025 $1,900,000 ($256/SF)
Investment Highlights
- Heavy traffic count - over 19,900 vehicles per day - located in the thick of everything happening along State Route 157, Edwardsville
- Full brick exterior, oversized garage doors, covered patio/car port area.
- Executive style, high-end finishes within the office area. Loft -flex space. Impressive warehouse space.
Executive Summary
Same GREAT building, only the price has changed. LOCATION! LOCATION ! LOCATION! SO MANY COMMERCIAL POSSIBILITIES! Over 7190 sq ft commercial building comprised of 2429 sq ft of office space and 3776 sq ft of warehouse space nestled on a 1.28-acre lot in the thick of all the growth that's occurring on State Route 157, Edwardsville. Over 205' of frontage along the heavy traffic count of over 19,900 vehicles/day. A full brick exterior, 47 parking spaces (possible to add much more) & high-quality interior finishes makes this an excellent business environment. Inside: A front reception area, beautiful interior offices, a sound-proof conference room, break room & an upper-level lounge quarter. The enormous warehouse space features 2 over-sized garage doors (18'), 1- 9' garage door, vaulted ceilings, & thick concrete flooring for heavy equipment. The exterior features a 22x59 covered patio/car port, monument signage, professional landscape & plenty of green space. Possible uses: Office space, distribution center, warehouse, retail, showroom, service center & more! Operating expenses are not displayed (- this variable of utility expenses, etc., is per occupant use)- sale is land and building only with taxes shown as expense. Occupancy date is negotiable. Seller will need to rent back until April 2025.
Taxes & Operating Expenses (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$28,655
|
$3.85
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$28,655
|
$3.85
|
Taxes & Operating Expenses (Actual - 2022)
| Taxes | |
|---|---|
| Annual | $28,655 |
| Annual Per SF | $3.85 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $28,655 |
| Annual Per SF | $3.85 |
Property Facts Under Contract
Sale Type
Owner User
Property Type
Office
Property Subtype
Building Size
7,434 SF
Building Class
B
Year Built
1999
Price
$1,900,000
Price Per SF
$256
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,717 SF
Building FAR
0.13
Lot Size
1.28 AC
Zoning
Commercial
Parking
47 Spaces (6.32 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Kitchen
- Central Heating
- High Ceilings
- Open-Plan
- Partitioned Offices
- Shower Facilities
- Monument Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 14-2-15-22-10-101-002 | Total Assessment | $423,310 (2023) |
| Land Assessment | $228,190 (2023) | Annual Taxes | $28,655 ($3.85/SF) |
| Improvements Assessment | $195,120 (2023) | Tax Year | 2022 Payable 2023 |
PROPERTY TAXES
Parcel Number
14-2-15-22-10-101-002
Land Assessment
$228,190 (2023)
Improvements Assessment
$195,120 (2023)
Total Assessment
$423,310 (2023)
Annual Taxes
$28,655 ($3.85/SF)
Tax Year
2022 Payable 2023
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1186 S State Route 157
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