1604 Illinois StSwansea, IL 62226

  • Commercial real estate
  • 4,542 SF
For Sale
$1,300,000 View listing

Property Details for 1604 Illinois St

Year built
1964
Construction
FRAME
Lot size
0.31 AC
Property size (Sq ft)
4,542 SF
Property type
Commercial real estate
APN
08-16-0-407-004
APU
8160407004

Description

This exceptional 15,000-square-foot warehouse, situated on a 2.37-acre lot in Swansea, Illinois, presents a compelling investment opportunity. The property boasts a prime location on North Illinois Street (IL Route 159), a major north-south thoroughfare, ensuring high visibility and accessibility. Built in 1986 and renovated in 2018, the single-story building features a flexible layout currently configured with private offices, a showroom, and drive-in warehouse space. The clear-span design allows for easy conversion to entirely warehouse space if desired. Ample parking is available with 80 spaces. The property includes a secured lot and monument signage, enhancing its appeal. The zoning is HB - Highway Business - Village. Key features include 2 grade-level doors (10' x 10' and 14' x 12'), forced-air HVAC in the offices, 200-amp electrical service (120V/240V, single phase), and a minimum 14-foot and maximum 8-foot ceiling clearance. The construction is wood frame with metal siding and brick. This property offers significant potential for a variety of industrial, retail, or office uses. The APN is 08-16.0-407-007

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,188,345
    Hospitality
    $1,088,518
    Educational
    $905,634
    Medical
    $936,780
    Retail
    $1,408,764

Location Insight

City
Swansea
County
St. Clair
State
Illinois
Latitude
38.5313
Longitude
-89.9841
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
$8,382
$20,717
$77,310
$98,027
-
$62,151
$231,930
$294,081

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