Back to Search Results

1501 Garfield Avenue, Granite City, IL, 62040

Excellent opportunity to own a well-maintained commercial property in a high-visibility location! This approximately 1,300 sq ft building is currently set up as a salon, offering a functional and inviting layout that can easily accommodate a variety of business uses. Please note: the business is not included in the sale, but all contents and equipment are negotiable. The property features a bright, open interior with flexible space that can be tailored to your needs—whether continuing as a salon, office space, boutique, or other commercial venture. Zoned commercial with potential for residential conversion (buyer to verify), this property offers added versatility for investors or owner-occupants. A full basement provides excellent additional space for storage, workspace, or future expansion. Major updates include a newer HVAC system and water heater (approximately 2023), along with a roof replaced in 2019—offering peace of mind and added value. Positioned on a busy corner, this location offers strong visibility and accessibility—ideal for attracting clients or customers. Don’t miss this unique opportunity to own a move-in ready space with endless potential. Schedule your showing today!

Subdivision: Nameoki Terrace

List Price

$ 129,000

Status

Active

Days on market

0

MLS#

26018618

Bedrooms

0

Full baths

0

Subdivision

Nameoki Terrace

County

Madison-IL

Property Type

Commercial Sale

Type

Commercial Sale

Additional Information

Property Tax (2024)

$5,332

Recent Nearby Sales in 62040

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
2921 Dogwood Drive, Granite City, IL 62040 2/1 1,384 $130,000 $137,000
105.4% of ask
Sep 4, 2026
2029 Lindell Boulevard, Granite City, IL 62040 2/1 1,475 $150,000 $150,000
100% of ask
Sep 4, 2026
143 Catalpa Drive, Unincorporated, IL 62040 5/3 2,012 $285,000 $280,000
98.2% of ask
Sep 3, 2026
4713 Warnock Avenue, Granite City, IL 62040 2/1 840 $130,000 $130,000
100% of ask
Sep 3, 2026
190 Sandy Shore Dr, Granite City, IL 62040 3/2 1,118 $215,000 $210,000
97.7% of ask
Sep 1, 2026
1921 Saint Clair Avenue, Granite City, IL 62040 3/1 1,035 $125,000 $125,000
100% of ask
Sep 1, 2026

Price & Listing History

Listed for sale
Apr 1, 2026 at $155,000
Price reduced by $26,000 (16.8%)
From $155,000 to $129,000
Current status: Active
As of Aug 25, 2026 · $129,000

Mortgage Estimator

Estimate your monthly payment. Adjust the sliders below.

Estimated Monthly Payment
$0
Principal & Interest: $0 · Tax: $0 · Ins: $0
Loan Amount: $0
Total Interest: $0
Total of Payments: $0
A Guerrilla Brokers, LLC agent will connect you with a trusted local lender.

Estimate only. Not a loan offer. Consult a lender for an accurate quote, including HOA fees, PMI, and current rates.