3015 W Delmar Avenue Godfrey, IL
$ 450,000
Property Attributes
  • MLS#20047641
  • TypeCommercial
  • CountyMADISON-IL
  • CityGodfrey
  • Zip62035
  • StyleRestaurant,Residential
  • Year Built1940
  • Taxes$ 8441
  • Price$ 450,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3800
  • Lot Size4.5 Acres
Listing Provided Courtesy Of:
RE/MAX Alliance
Data Source:
Mid America Regional Information Systems (MARIS) - 71 - MO
Property Description

ESTABLISHED GODFREY BUSINESS NEEDS LANDLORD! Prime corner location. All 4.5 acres has commercial potential. This property includes a restaurant, and three rental houses. All four have had active leases over the last several years. The restaurant has a lease agreement through 2023. This 4.5 acre parcel will be subdivided upon sale. Highlighted picture shows approximate parcel. The restaurant includes 3800 sq/ft of retail space on highly visible property at a high traffic intersection. The rental houses include a 1300 sq/ft 3 BR/1BA unit and two 800 sq/ft 2 BR/1BA units. The owner averages a gross income of $3225/mo over the last 10 years.

Price History
8/17/2020 Listed $500,000
2/2/2021 10% - $450,000

General Features

Attached Garage No
City Godfrey
Construction Materials Conventional
Cooling Electric
County Madison-IL
Current Use 1 Story, Mixed Use, Restaurant, Store Front, Warehouse, Bar/Tavern, Residential, Restaurant, Truck Garage
Days on Market 198
Directions Corner of Clifton Terrace Rd. and IL-3
Disclosures Unknown, Occupancy Perm Req
Electric 220 Volts, Ameren
Heating Forced Air
Lease Term More than 3 Years
Net Operating Income 24000
Possession Close Of Escrow
Possible Use Restaurant, Residential
Property SubType Commercial & Indr.
Property Type Commercial Sale
Roof Asphalt, Flat
Sewer Septic Tank
Showing Instructions By Appointment Only, Call Listing Agent, Do Not Disturb Ten's
Standard Status Active
Street Name Delmar
Subdivision Name none
Tax Annual Amount 8441
Tax Year 2018
Township Godfrey
Utilities Electricity Available, Gas to Site, Water Available, Sewer Available
Year Built 1940
Zoning Special Use

Interior Features

Above Grade Finished Area 3800
Above Grade Finished Area Source Owner
Heating Y/N Yes
Street Suffix Avenue

Exterior Features

Inclusions Building & Land
Lot Size Acres 4.5
Lot Size Source Owner
Lot Size Square Feet 196020
Parking Features Gravel
Road Frontage Type State Road
Total Parking 25
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 62035

AVG $210K
AVG $5,749
AVG 38
Year Built
AVG 1961
AVG 27
Data Provided by Walkscore ® not using MLS data

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