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17,300 SF / 10.68% CAP / MULTI TENANT / New Lease

400 West Main Street, Belleville, IL 62220

$1,300,000

17,300 SF | Office

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Main

Office Property For Sale

Price:
$1,300,000
Building Size:
17,300 SF
Price/SF:
$75.14
Property Type:
Office
Property Sub-type:
Institutional/Governmental
Additional Sub-types:
Warehouse
Office-Warehouse
Distribution Warehouse
Property Use Type:
Investment
Cap Rate:
10.68%
Occupancy:
100%
Tenancy:
Multiple
Year Built:
1989
Listing ID
14772495
Last Updated
19 days ago

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Highlights

  • NEW 20 YEAR RUBBER ROOF 2013
  • NEW HVAC UNITS 2013
  • $150,000 IN IMPROVEMENTS IN 2013
  • New Long Term Lease

Description

The subject property is a fully leased 17,300 SF multiple tenant office building/warehouse leased to the State of Illinois Drivers Services Facility and Secretary of State Police. Located off of West Main St. in downtown Belleville, the property is conveniently located for the region it serves. The 10,000 SF warehouse has 12 bays, an office, a washroom, 1000 SF of mezzanine space, and extensive parking. The drivers facility services 400 drivers per day.

400 West Main Street

Financial Summary

  • Actual
  • 2014
  • $138,914

Map of 400 West Main Street, Belleville, IL 62220 (Saint Clair County)

Research for 400 West Main Street, Belleville, IL 62220 (Saint Clair County)

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Sean's Other Listings (View All)

Asking Price Index Trends for Belleville, IL Office For Sale

  Oct 14 vs. 3 mo.
prior
Y-O-Y
-
State
$93+0.4%-0.6%
-
Metro
$80+0.3%-0.1%
-
County
$78+1.8%+0.8%

View Belleville Market Trends for other property types for sale or lease. Learn more about the chart info.

17,300 SF / 10.68% CAP / MULTI TENANT / New Lease
  • Office
  • $1,300,000
  • 17,300 SF