Belleville, IL
Commercial Real Estate Market Trends & Data

$65 Avg asking sale price
$17 Avg asking lease rate
28,187 SF Avg unit lease size
16,122 SF Avg building size for sale
7.82% Average cap rate

Belleville's Demographic Profile

Belleville has 17,027 households and a median income of $63,993, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 40,202
# Households 17,027
Median age 40
Median household income $63,993
Avg household size 2.0
Renter-occupied housing units 7,063
5-year population change -3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Belleville, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Belleville $67 14,144 SF 8.00%
Swansea $63 9,958 SF 2.82%
Shiloh $122 6,520 SF 6.42%
Fairview Heights $141 42,630 SF 7.50%
Nearby Retail Markets Avg Cost/SF Typical Size
Belleville $38 17,442 SF
Swansea $78 13,500 SF
Shiloh $69 13,299 SF
Freeburg $237 8,850 SF
Smithton $110 9,450 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Belleville $119 5,452 SF 7.63%
Swansea $131 5,561 SF 7.63%
East Saint Louis $101 32,223 SF 17.67%

Commercial Properties For Sale in Belleville

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Professional/Medical Upside in TIF Zone

Belleville, IL 62220

  • 6,557 SF Office Building
  • Auction Sale
For Sale

1200 Centreville Ave

Belleville, IL 62220

  • 67,012 SF Retail Building
  • $700,000
For Sale

Save A Lot Plaza

East Saint Louis, IL 62203

  • 20,115 SF Retail Building
  • $850,000
For Sale

205 S Illinois St

Belleville, IL 62220

  • 3,950 SF Office Building
  • 8.00% Cap Rate
  • $369,000
For Sale

7620-7648 Chase Ln

East Saint Louis, IL 62207

  • 6.12 AC Lot
  • 1 Commercial Lot
  • $400,000
For Sale

Office + Industrial For Sale

Belleville, IL

  • $499,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Belleville pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Belleville $65 16,122 SF
Swansea $63 13,978 SF
Shiloh $150 9,027 SF
Freeburg $138 9,885 SF
Smithton $110 9,450 SF

Regional Demographic Comparison

This comparison places Belleville alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Belleville or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Belleville 40,202 17,027 40 $63,993 2 7,063 -3%
Swansea 12,427 5,350 45 $84,378 2 1,550 -5%
Shiloh 13,904 5,491 40 $97,729 3 1,851 -3%
Freeburg 4,024 1,600 45 $94,464 2 288 -4%
Smithton 3,204 1,262 44 $115,600 3 114 -7%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Belleville, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Belleville

View All Commercial Real Estate For Sale in Belleville
Is Belleville a good market for a first-time commercial real estate investor?

Belleville offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Belleville?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Belleville. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Belleville?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Belleville. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Belleville compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Belleville. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Belleville acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Belleville, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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