505 Buckeye DrTroy, IL 62294

For Sale
$1,375,000

Three-building office park, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a three-building office complex totaling 11,900 square feet, situated on a 1.33-acre lot in Troy, Illinois. The property, built in 1997, features a two-story design and is currently vacant, offering immediate occupancy for an owner-user or the potential to lease to multiple tenants. The buildings are ideally suited for a variety of uses, including creative, executive, and traditional office spaces, thanks to its Commercial zoning. Conveniently located near Highways 55 and 70, this complex boasts excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in the thriving Madison County market. Ample parking is available with approximately 80 spaces to accommodate tenants and clients. The asking price is $1,375,000, translating to a land value of $115.55 per square foot. The property's strategic location, versatile space, and strong potential for appreciation make it a compelling investment opportunity in a growing market. The property includes three buildings: 505 Buckeye Drive, 500 Ohara Drive, and 504 Ohara Drive. A modified lease type is available. The property's address is 505 Buckeye Drive, Troy, IL 62294. The APN is 09-2-22-05-20-402-040.

Highlights

  • Prime Troy, IL location with easy access to Highways 55 & 70, offering high visibility.
  • Three-building office park totaling 11,900 square feet, adaptable for various uses.
  • Excellent owner-user or investment opportunity.
  • Situated in the thriving Madison County market, promising strong appreciation and high tenant demand.
  • Commercially zoned for diverse business applications, ensuring investment stability.
  • Flexible lease options from 400 to 11,900 square feet available.

Property Details for 505 Buckeye Dr

Property type
Other office properties, Office space
Square Feet
11,900 SF
Year Built
1997
Buildings
3
Stories
2
Lot Size (sq. ft)
57,935 SF

Location Insight

City
Troy
County
Madison
State
Illinois
Latitude
38.733354926973
Longitude
-89.896222033628
505 Buckeye Dr, Troy, Illinois

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505 Buckeye Dr
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