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Multi-Building Light Industrial Property With 118 N 16th St 7,686 SF 100% Leased Industrial Building Belleville, IL 62220 $475,000 ($61.80/SF)

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Executive Summary

11 contiguous parcels totaling 1.76 D-1 (Light Industrial) zoned acres. Improvements consist of a 2,550 SF shop building with 3-8' drive-in doors, 1 sliding door, and electric; 2 detached garages totaling 836 SF; a 1,800 SF office/shop building with private offices, storage, and 1-8' overhead door; and 2 office/residential buildings (1,800 SF & 900 SF). Yard space for trailer parking with a partially fenced area.
Located a block south of West Main thoroughfare. Surrounding properties include residential and light/heavy industrial.

118 N 16th St_Belleville_Brochure

Property Facts

Price	$475,000	No. Stories	1
Price Per SF	$61.80	Year Built	1989
Sale Type	Investment	Parking Ratio	7.81/1,000 SF
Property Type	Industrial	No. Drive In / Grade-Level Doors	4
Lot Size	1.71 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Rentable Building Area	7,686 SF
Zoning	D-1 Industrial

Price	$475,000
Price Per SF	$61.80
Sale Type	Investment
Property Type	Industrial
Lot Size	1.71 AC
Rentable Building Area	7,686 SF
No. Stories	1
Year Built	1989
Parking Ratio	7.81/1,000 SF
No. Drive In / Grade-Level Doors	4
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	D-1 Industrial

Property Taxes

Parcel Numbers	Multiple 08-21.0-301-005 08-21.0-301-018 08-21.0-301-008 08-21.0-301-002 08-21.0-301-017 08-21.0-301-025 08-21.0-301-027 08-21.0-301-022 08-21.0-301-023 08-21.0-301-001 08-21.0-301-004 08-21.0-301-019	Improvements Assessment	$93,714
Land Assessment	$36,833	Total Assessment	$130,547