13 Collinsville AveEast St. Louis, IL 62201

Property Details for 13 Collinsville Ave

Year built

2007

Construction

STEEL FRAME

Lot size

0.22 AC

Property size (Sq ft)

6,978 SF

Property type

Banks

APN

01-13-0-121-011

APU

1130121011

Description

This exceptional 6,978-square-foot retail property, located at 13 Collinsville Ave in East St. Louis, Illinois, presents a compelling investment opportunity. Built in 2007, the single-story building features a modern design and is situated on a 0.22-acre lot, offering ample parking and potential for expansion. Previously a credit union bank branch, the property boasts a convenient drive-thru, a secure vault, six private offices, and a conference room. Its strategic location adjacent to City Hall and the Police Department ensures high visibility and accessibility. Easy access to Highway 64 further enhances its appeal. The asking price is $2,000,000, translating to $286.62 per square foot. This versatile space is ideal for a variety of commercial ventures, offering a strong return on investment in the thriving East St. Louis market. The property's modern amenities and prime location make it an attractive option for businesses seeking a well-established and easily accessible space. The combination of its previous use as a financial institution and its convenient features makes this a truly unique opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,504,007

  6.5%

  $2,311,391

  7%

  $2,146,292

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,370,892

  Geo Method

  $1,370,892

• Alternative Use

  Use

  Valuation

  Residential

  $1,949,745

  Hospitality

  $1,785,956

  Educational

  $1,485,894

  Medical

  $1,536,996

  Retail

  $2,311,391

Location Insight

City

East Saint Louis

County

St. Clair

State

Illinois

Latitude

38.6261

Longitude

-90.162

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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