2100 S Illinois St
Belleville, IL 62220
First State Bank Building · Property For Lease

Golden Group Real Estate is proud to present architecturally attractive and well-managed 12,000 SF office property, known as the First State Bank Building. Located at the juncture of IR 159 and IR 15, the property is in a 25-minute drive to Downtown St. Louis, within 5 minutes to downtown Belleville & less than one mile from IR-15. With population of 42,000 Belleville is the most-populated city in Southern Illinois and in the Metro East region of Greater St. Louis. Due to its proximity to Scott Air Force Base, the population receives a boost from military and federal civilian personnel, defense contractors, and military retirees. The average household income sits at $87,306, within one-mile radius of the property, and is projected to remain steady. Recently vacated bank has invested 1.5 million dollars on the interior build-out to include beautiful class A finishes. This is an excellent value-add or owner-user opportunity at 16% occupancy with potential to be at 17.65%. One of the units is occupied by NNN tenant Lutz Insurance Agency which recently renewed its lease until November 30, 2029. The remaining 10,140 SF space can be combined for an owner-user or divided into 2, 3, 4, or 5 units to rent out as separate offices. The property enjoys ample parking, excellent visibility and high traffic counts. Appraised just for the real estate value alone at $1,660,000 in 2007, this property is offered at a deep discounted price.