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205 S Illinois St 3,950 SF Office Building Belleville, IL 62220 $369,000 ($93.42/SF) 8% Cap Rate
Executive Summary
This exquisite complete gut rehab (2025) boasts 3950 sq ft 3 story building of total useable space plus a private entrance 900 square foot basement currently used for storage for both tenants. The first floor is 1500 square feet and leased as a commercial business. The second and third floors are 2400 sq feet and currently leased as a Luxury Townhome complete with all new appliances: refrigerator, electric oven, hood, washer, dryer. Two full baths, large laundry room, 3 bedrooms. Full of high end finishes including 4 ceiling fans and granite countertops. New roof, new windows, new asphalt parking, new electric mini split efficient heat/AC units, new luxury hardwood floors. This is listed individually or can be purchased with the property next door.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,950 SF
Building Class
C
Year Built/Renovated
1903/2025
Price
$369,000
Price Per SF
$93.42
Cap Rate
8%
NOI
$29,520
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
1,500 SF
Building FAR
0.49
Lot Size
0.18 AC
Zoning
C1
Parking
8 Spaces (1.9 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Schmale Realty Co Inc
- Real Estate
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Schmale Realty Co Inc | Real Estate | - | - | - |
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 08-28.0-204-005 | Improvements Assessment | $66,671 |
| Land Assessment | $13,974 | Total Assessment | $80,645 |
Property Taxes
Parcel Number
08-28.0-204-005
Land Assessment
$13,974
Improvements Assessment
$66,671
Total Assessment
$80,645
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Presented by
Philiatros HealthCare
205 S Illinois St
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