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Investment Property - Fully Leased 305-309 N Illinois St 5,970 SF 100% Leased Retail Building Belleville, IL 62220 $295,000 ($49.41/SF) 12.42% Cap Rate
Executive Summary
Fully-leased mixed-use investment property for sale. Long term insurance agency tenant, barbershop, diagnostics testing user and 2, 1 BD/1BA apartments occupied on 2nd floor. Rear warehouse is currently leased. Property includes 3 additional parcels adding to the existing parking lot.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,970 SF
Building Class
C
Year Built/Renovated
1900/2010
Price
$295,000
Price Per SF
$49.41
Cap Rate
12.42%
NOI
$36,650
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.31
Lot Size
0.44 AC
Zoning
C-2 - Heavy Commercial
Parking
15 Spaces (2.51 Spaces per 1,000 SF Leased)
Frontage
24’ on Illinois St
Amenities
- Air Conditioning
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (73)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $37,140 | |
| Land Assessment | $19,110 | Total Assessment | $56,250 |
Property Taxes
Parcel Numbers
Land Assessment
$19,110
Improvements Assessment
$37,140
Total Assessment
$56,250
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Investment Property - Fully Leased | 305-309 N Illinois St
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