427 Main StCollinsville, IL 62234

Property Details for 427 Main St

Year built

1960

Lot size

0.23 AC

Property size (Sq ft)

1,972 SF

Property type

Commercial real estate

APN

13-2-21-34-05-101-008

APU

132213405101008

Description

This exceptional 4,260-square-foot commercial property, located at 427 E Main St, Collinsville, IL 62234, presents a lucrative investment opportunity. The single-story building, constructed in 1988, boasts a versatile layout ideal for an auto shop or warehouse use, encompassing both retail and industrial zoning (B-2 Limited Commercial). The space includes 4,016 square feet of shop area and 244 square feet of office space, perfectly suited for a variety of automotive businesses. Six overhead doors facilitate efficient workflow: two measure 9'x12', one is 8'x10', and three are 8'x9'. The property features two in-ground car lifts, a paint booth complete with a fire suppression system, and a paint mixing room, also equipped with fire suppression. Security is enhanced by a security alarm system and three exterior security lights. A double-sided 4'x3' LED lighted pole sign provides excellent street visibility. The 0.23-acre lot offers ample parking with 12 spaces on an asphalt lot. The building benefits from its location in a Tax Increment Financing (TIF) District and Enterprise Zone. The ceiling height is 9'10", and the asking price is $281,500 ($66.08/sq ft). An equipment list is available upon request. This property is situated on a corner lot near downtown Collinsville, offering excellent accessibility and visibility.

• Alternative Use

  Use

  Valuation

  Residential

  $551,086

  Hospitality

  $504,791

  Educational

  $419,981

  Medical

  $434,424

  Retail

  $653,303

Location Insight

City

Collinsville

County

Madison

State

Illinois

Latitude

38.6715

Longitude

-89.9826

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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