3120 Maryville RdGranite City, IL 62040

Property Details for 3120 Maryville Rd

Year built

1979

Lot size

0.24 AC

Property size (Sq ft)

2,580 SF

Property type

Office properties

APN

22-2-20-09-19-401-007-001

APU

222200919401007001

Description

This exceptional commercial property at 3120 Maryville Road, Granite City, IL 62040, presents a unique investment opportunity. Priced at $325,000, this industrial property boasts a substantial 10,624 square foot lot. The existing building offers approximately 2500 square feet of brick construction, providing a solid foundation for a variety of uses. Its prime location in a high-traffic area offers excellent visibility and accessibility. The property's flexible zoning may allow for special use permits, opening doors to creative ventures such as restaurants, subject to local approvals. The large, open main space provides a blank canvas for customization, allowing buyers to design and develop the space to perfectly suit their needs. Additional finished square footage on the lower level offers versatile functionality, ideal for storage, preparation areas, or private events. The property also features ample parking at the rear and four bathrooms, ensuring convenience for both customers and staff. This is a rare chance to acquire a well-situated property with significant potential in a thriving area. The property is classified as Industrial and Land, with a Warehouse and Commercial subtype. The property is located in Madison County, Illinois, zip code 62040.

• CAP approach

  CAP return

  Valuation

  6%

  $630,917

  6.5%

  $582,385

  7%

  $540,786

• Comparable approach

  Method

  Valuation

  Relative Method

  $201,137

  Geo Method

  $201,137

• Alternative Use

  Use

  Valuation

  Residential

  $722,158

  Hospitality

  $661,493

  Educational

  $550,354

  Medical

  $569,282

  Retail

  $856,106

Location Insight

City

Granite City

County

Madison

State

Illinois

Latitude

38.7183

Longitude

-90.1033

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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