Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8612 W Main Street Belleville, IL 62223

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $600,000

    5 Family or More, Traditional - Belleville, IL

    Property size:
    8,736 SF
    Price / SF:
    $68/SF
    Added:
    Mar 6, 2026
    Days on Market:
    50
    Last Refresh:
    Apr 25 at 11:06 pm

    Property Features for 8612 W Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking
    8
    Parking features
    Carport
    Basement Y/N
    1
    Standard status
    Active Under Contract
    APN
    07-01.0-101-007
    Size
    8,736 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    12365

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1979
    Number of units
    8
    Building materials
    Brick, Brick Veneer
    Roof type
    Composition
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Pam Shadwick
    Pam Shadwick

    Listing agent Pam Shadwick License #471015300

    Listing office Nester Realty 12 East Main Street, Edwardsville, IL

    Listing date Mar 6, 2026

    MLS# 25073647 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Belleville Multifamily Building with Apartments

    This well-maintained brick building in Belleville, Illinois, features eight 2-bedroom apartments. Two of the units include a basement. The property offers eight carport spaces and additional parking. The building is located at 8612 W Main Street. The property size is 8736 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.0533642
    Latitude
    38.5702694

    Nearby Similar for Sale

    • $290,000
      3,400 SF

      Belleville Commercial Space - Turnkey

      Prime downtown commercial space suitable for restaurant, bar, or retail.
      7 S High Street, Belleville, IL 62220
      View Details
    • $299,000
      3,200 SF

      Historic Mixed-Use Building in Belleville

      Two-story mixed-use building in downtown Belleville's commercial corridor.
      18 E Main Street, Belleville, IL 62220
      View Details
    • $459,000
      8,708 SF

      Belleville Retail Investment Opportunity

      Turn-key commercial property with income potential in downtown Belleville.
      1926 W Main Street, Belleville, IL 62226
      View Details
    • $450,000
      5,100 SF

      Historic Belleville Lofts - Income Property

      Four income-generating lofts in downtown Belleville, extensively renovated in 2019.
      511 E Main Street, Belleville, IL 62220
      View Details
    • $299,000
      8,744 SF

      Downtown Belleville Office Building

      8,500+ sq ft office building near St. Clair Courthouse.
      12 W Lincoln Street, Belleville, IL 62220
      View Details
    • $315,000
      3,576 SF

      Belleville Multifamily Investment Opportunity

      Four-unit apartment building in Belleville, Illinois, with income potential.
      219 N 48th Street, Belleville, IL 62226
      View Details
    • $275,000

      Belleville Commercial Building For Sale

      Commercial building with four units, ideal for investors.
      1913 N Belt E, Belleville, IL 62221
      View Details
    • $115,000

      Belleville Commercial Building For Sale

      Commercial building with showroom, shop, and storage in Belleville, IL.
      2100 N Belt, Belleville, IL 62226
      View Details
    • $175,000

      Belleville Church with Additional Lot

      Well-maintained brick church with redevelopment potential in Belleville, Illinois.
      2901 W Main Street, Belleville, IL 62226
      View Details
    • $500,000
      61,787 SF

      Belleville Mixed-Use Redevelopment Opportunity

      61,787 SF facility on 17.53 acres with redevelopment potential.
      1901 Mascoutah Avenue, Belleville, IL 62220
      View Details
    • $65,000
      1,152 SF

      Refurbished Office Space Downtown

      Refurbished office space in downtown Belleville, near courthouse.
      6 Lebanon Avenue, Belleville, IL 62220
      View Details
    • $175,000
      1,760 SF

      Belleville Duplex with Long-Term Tenants

      Income-producing duplex in Belleville with reliable, long-term tenants.
      6317 W Washington Street, Belleville, IL 62223
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 8-unit apartment building in Belleville, Illinois.
    Where is this apartment building located?
    The property is located at 8612 W Main Street Belleville, IL.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Well‑maintained brick building with eight 2‑bedroom apartments.; Eight carport spaces and additional parking available.; Two units include a basement.
    (618) 207-7502
    We can help!
    Listing Contact
    Pam Shadwick
    Pam Shadwick
    Real Estate License ID: 471015300
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!