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Income producing Retail/Office Portfolio- Parking Garage Potential- fo


Listing Resources

Listing Description

Landmark Retail Location

Retail/Office Portfolio consisting of 6 Properties. Downtown Commercial District. TIF District and Enterprise Zone. 1 Block East of the Square in Downtown Belleville.

28,000 + SF Street Level Finished Retail Space, 1,500+ SF of Mezzanine/Office Space, 4,000+ SF Finished Lower Level Space, 6,259 SF of Lower Level Storage Space and over 25,000 SF of 2nd & 3rd Story Levels for Potential Office, Loft or Apartment Space for Development.

Entrances on East Main St. as well as South High St.

Abundant Public Parking adjoining the rear of the Property and numerous interior upgrades throughout.   

*116 East Main is Currently Leased.

12 South High Street,
108 & 110 East Main Street: $675,000
-11,490 SF combined on street level, 4,320 SF second Story (ideal for apartment, lofts, or office development), and 4,320 SF. The property has an unfinished lower level storage space. Connected to city owned public parking. 

116 & 120 East Main street: $495,000 – 9,204 SF combined on street level. 116 East Main is completely remodeled on the main floor. Featuring a 1,044 SF mezzanine. 120 East Main was remodeled in 2018. 11,080 SF combined SF on 2nd and 3rd floors (ideal for apartments, lofts or office redevelopment. Unfinished lower levels. Great location for an owner/user investment. Ground floor is fully leased.

112 East Main Street: $375,000 – 5,482 SF street level space, 4,048 SF finished lower-level space, 5,082 SF 2nd story and 5,082 SF 3rd story (Ideal for apartments, lofts, or office redevelop. 105 SF mezzanine office, overlooking the main level featuring a loading dock. Entrances from Main street and rear of building 

Sale Price: $1,625,000
Lease Rate: $10.00/SF, Modified Gross 

Listing Details

Listing No : 1815
Sale Or Lease : For Sale
Property Type(s) : Investment, Office, Retail, Retail - Store Front Retail
Building Size (Sqft) : 57,615 Sqft
Lot Size (Acres) : 0.62 Acre(s)
Total Sqft Available : 57,615 Sqft
Sale Price : $1,625,000
Building Total Sqft : 57,615 Sqft
Total Sqft Available : 57,347 Sqft
Direct Lease : 51,809 Sqft
Office : 1,559 Sqft
Retail : 26,176 Sqft
Min Divisible Sqft : 4,320 Sqft
Max Contiguous Sqft : 57,347 Sqft
Parcel No : 08-22.0-338-017;024;029;043;044;048;051
Zoning : C-2 Heavy Commercial
Zoning By : City of Belleville
Prior Use : Retail
TIF : Yes
Enterprise Zone : Yes
Parking : 4 Private/Public Parking
Property Tax : $28,152.68
Tax Year : 2021
Traffic Count : 7,000
Year Built : 1887
Rehab Year : 2021
Class : B
Clearance Min : 8 ft
Clearance Max : 16 ft
Exterior : Brick/Block
Floors : 3
Acres : 0.62 Acre(s)

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