2415 Illinois StSwansea, IL 62226

  • Commercial real estate
  • 2,916 SF
For Sale
$450,000 View listing

Property Details for 2415 Illinois St

Year built
1987
Construction
WOOD
Lot size
1.46 AC
Property size (Sq ft)
2,916 SF
Property type
Commercial real estate
APN
08-15-0-101-071
APU
8150101071

Description

This exceptional Swansea, Illinois investment opportunity presents two buildings totaling 10,416 square feet on a 1.46-acre lot. Strategically located off Route 159, the property boasts high visibility and benefits from over 20,000 cars passing daily. Building 1, a 5,500 square foot warehouse, includes a mezzanine perfect for extra office space or storage, plus a drive-in door and a recently remodeled 2,000 square foot office area with kitchenette. Building 2 offers 2,916 square feet of office/retail space and its own drive-in door. The entire property underwent renovations in 2023. Originally constructed in 1987, this commercially zoned property (APN: 08-15.0-101-071) is currently vacant and priced at $450,000 ($43.20/sq ft). This presents a rare chance to acquire a versatile property with significant potential in a high-traffic location. The property is ready for immediate occupancy and offers a strong return on investment. The address is 2415 N Illinois St, Swansea, IL 62226.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $762,927
    Hospitality
    $698,837
    Educational
    $581,424
    Medical
    $601,420
    Retail
    $904,438

Location Insight

City
Swansea
County
St. Clair
State
Illinois
Latitude
38.5392
Longitude
-89.9827
CBSA code
41180
CBSA name
ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,864
$55,737
$141,476
$197,213
-
$167,211
$424,428
$591,639

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