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    305-309 N Illinois St Belleville, IL 62220

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    For Sale
    $295,000

    Mixed-use property with retail, office, apartments, and warehouse space.

    Property size:
    5,970 SF
    Lot size:
    0.17 Acres

    Property Features for 305-309 N Illinois St

    General Information

    Size
    5,970 SF
    Lot size
    0.17 Acres

    Source: BARBERMurphy Agent Michael T Durbin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Investment Property For Sale

    This mixed-use investment property is available for sale. The property features a long-term insurance agency tenant, a newly placed barbershop, and two occupied 1-bedroom, 1-bathroom apartments on the second floor. A rear warehouse is currently leased. The property includes three additional parcels that add to the existing parking lot. There is one vacancy, a 617-square-foot office/retail suite, available for lease or owner occupancy. This open-concept suite has new flooring and paint.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9846978
    Latitude
    38.5103899

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail, office, apartments, and warehouse space.
    Where is this mixed-use property located?
    The property is located at 305-309 N Illinois St Belleville, IL.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Mixed-use property with multiple income streams from insurance, barbershop, apartments, and warehouse.; - Value-add opportunity: lease the vacant 617 SF office/retail suite.; - Includes 3 additional parcels, expanding the existing parking lot.
    (618) 277-4400
    Request Owner's contact information
    305-309 N Illinois St Belleville, IL 62220
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    Belleville, IL 62220
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    Realmo Value Estimation

    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.

    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.

    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
    305-309 N Illinois St Belleville, IL 62220
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