Outdated Browser

Some features of this site may not be available with your current browser.
In order to receieve the best experience, please update to a newer browser.

618-277-4400

Retail/Apartment Building - Investment Property

$185,000

Listing Resources

Listing Description

Investment Property

Retail space is fully leased on the first floor. Two second story apartments, one is currently leased.

Additional parking lot included in sale, with 20 spaces. Off street parking available for the retail building.

Located one block from the St. Clair County Courthouse on a highly visible corner location. Daily traffic count of 5,650. 

Sale Price: $185,000

Listing Details

Settings
Listing No : 2628
Sale Or Lease : For Sale
Property Type(s) : Investment, Retail
Building Size (Sqft) : 5,184 Sqft
Lot Size (Acres) : 0.09 Acre(s)
Sale Price : $185,000
Sale Price Per Sqft : $35.75
CAP Rate : 6.70%
NOI : $12,540
CAM Charges : $972
Building Total Sqft : 5,184 Sqft
Retail : 2,574 Sqft
Min Divisible Sqft : 5,184 Sqft
Max Contiguous Sqft : 5,184 Sqft
Parcel No : 08-21.0-443-001 & 08-21.0-442-018
Zoning : C-2
Zoning By : City of Belleville
Prior Use : Retail & Apartments
TIF : Yes
Environmental : Yes
Parking : 24
Parking Surface Type : Asphalt
Property Tax : $3,949.98
Tax Year : 2021
Traffic Count : 5,650
Year Built : 1910
Floors : 2
Siding : Brick
Acres : 0.09 Acre(s)
Frontage : 39 ft
Depth : 100 ft
Gross Rental Income : $24,784.50
Gross Other Income : $566.80
Insurance : $1,980
CAM : $972
Utilities : $5,909.32

Contact Agent

Commercial Real Estate Solutions

Not finding what you’re looking for?

Call Us

618-277-4400

Favorites
Clear All
Email Your Favorites