Historic Mixed-Use Building For
200 W Main St, Belleville, IL
Call to check price and availability
Updated mixed-use building near courthouse with retail and residential spaces.
Type:OFFICE
Property size:
7,019 SFLot size:
0.10 AcresPrice / SF:
$128/SF- Added:
- Feb 24, 2025
- Days on Market:
- 488
- Last Refresh:
- May 20 at 8:27 pm
Property Features for 200 W Main St
General Information
- Standard status
- Active
- Size
- 7,019 SF
- Lot size
- 0.10 Acres
- Property subtype
- OFFICE
Listing office BARBERMurphy (618) 407-4240
Listing date Feb 24, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of BARBERMurphy
HighLights
- Completely renovated historic mixed‑use building with new roof, windows, electric, plumbing, fixtures, and HVAC.
- Prime location: two blocks from St. Clair Courthouse and Public Square, in Blair Historical Landmark District, eligible for tax credits and property tax freeze.
- First floor commercial space (2,240 SF) with potential to be divided into two suites; currently used as a bar/event space.
- Second floor loft (2 Bed/2 Bath, 2,240 SF) featuring a temperature‑controlled 500‑bottle wine cellar, gas fireplace, balcony, and high‑end kitchen appliances.
- Third floor loft (1 Bed/1 Bath + Office, 2,240 SF) with open industrial concept, newer appliances, and Airbnb rental history.
- All utilities are separately metered, corner location on East/West Thoroughfare, surrounded by retail, office, restaurants, and governmental agencies.
Overview
This historic mixed-use building is available for sale, situated two blocks from the St. Clair Courthouse. The building has been updated with a new roof, windows, electric, plumbing, fixtures, and HVAC. All utilities are separately metered. The first floor features 2,240 square feet of commercial retail space, which can be separated into two suites of 1,419 square feet and 1,120 square feet. Currently, this space is used as a bar and event venue. The second floor loft offers 2,240 square feet, with two bedrooms and two bathrooms. It includes Ikea kitchen cabinets, granite countertops, a Kenmore Elite double-door refrigerator, a Kitchen Aid dishwasher, a Dacor gas stove, 12-foot ceilings, a temperature-controlled redwood wine cellar for 500 bottles, a gas fireplace, a balcony, a garden tub, a walk-in shower, and a large walk-in closet. The third-floor loft also provides 2,240 square feet, with one bedroom, one bathroom, and an office. This open industrial concept includes Ikea cabinets and newer appliances. The owner has been leasing these units on AirBnB. Located in the Blair Historical Landmark District, the property is eligible for tax credits and a property tax freeze. It is two blocks from the County Courthouse and Public Square, on a corner location on an east/west thoroughfare, surrounded by retail, office, restaurants, and governmental agencies. The property size is 7,019 square feet.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.3k | $18.00 |
| − Vacancy | −$12.6k | −$1.80 |
| EGI | $113.7k | $16.20 |
| − OpEx | −$42.6k | −$6.07 |
| NOI | $71.1k | $10.13 |
7,019 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.02M
$888.3K – $1.18M
NOI $71,067 @ 7.0% cap · market cap 7.91%
Second Best
Retail
$1.00M
$876.7K – $1.17M
NOI $70,132 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,315 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Copper Fire
Bar & Pub
Location Insight
- Map
- Local Demand
- City
- Belleville
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.9813
- Latitude
- 38.5133
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Updated mixed-use building near courthouse with retail and residential spaces.
Where is this mixed-use property located?
The property is located at 200 W Main St Belleville, IL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Completely renovated historic mixed‑use building with new roof, windows, electric, plumbing, fixtures, and HVAC.; Prime location: two blocks from St. Clair Courthouse and Public Square, in Blair Historical Landmark District, eligible for tax credits and property tax freeze.; First floor commercial space (2,240 SF) with potential to be divided into two suites; currently used as a bar/event space.
