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731 N Belt W
Swansea, IL 62226
Industrial Investment Property · Industrial Property For Sale
Executive Summary
34,393 SF fully leased investment opportunity for sale in Swansea, IL (12,353 SF office/warehouse and 21,930 SF of drive-through service bays – 18). Midwest Transit Equipment, Inc. is a well-established transportation and fleet solutions provider with 50 years of industry experience, specializing in new and used buses, commercial vehicles, parts, maintenance, and repair services, and has occupied this property since 2005. 9 locations nationwide. This Swansea facility is well positioned to serve school districts, municipalities, churches, private transportation operators, and commercial fleets throughout Southwestern Illinois and the broader St. Louis metropolitan area.
Current lease term expires May 31st, 2032. The tenant has an additional renewal term available through May 31, 2037. The landlord is responsible for capital improvements on the property.
Current NOI: $164,733.95
CAP Rate: 7.66%
Contact broker for financials.
Located along the heavily traveled North Belt West / IL-161 corridor, the site benefits from strong regional connectivity and convenient access to the surrounding Metro East market. Its location places it just minutes from IL-159, downtown Belleville, Fairview Heights’ major retail concentrations, and Interstate 64, providing direct access to the broader St. Louis metropolitan area.
Current lease term expires May 31st, 2032. The tenant has an additional renewal term available through May 31, 2037. The landlord is responsible for capital improvements on the property.
Current NOI: $164,733.95
CAP Rate: 7.66%
Contact broker for financials.
Located along the heavily traveled North Belt West / IL-161 corridor, the site benefits from strong regional connectivity and convenient access to the surrounding Metro East market. Its location places it just minutes from IL-159, downtown Belleville, Fairview Heights’ major retail concentrations, and Interstate 64, providing direct access to the broader St. Louis metropolitan area.
Property Facts
| Sale Type | Investment | Lot Size | 7.97 AC |
| Cap Rate | 7.66% | Rentable Building Area | 34,393 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built/Renovated | 1974/2000 |
| Building Class | C | Tenancy | Single |
| Zoning | Highway Business | ||
| Sale Type | Investment |
| Cap Rate | 7.66% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 7.97 AC |
| Rentable Building Area | 34,393 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1974/2000 |
| Tenancy | Single |
| Zoning | Highway Business |
Property Taxes
| Parcel Number | 08-16.0-207-024 | Improvements Assessment | $240,202 |
| Land Assessment | $146,648 | Total Assessment | $386,850 |
Property Taxes
Parcel Number
08-16.0-207-024
Land Assessment
$146,648
Improvements Assessment
$240,202
Total Assessment
$386,850
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