Belleville Retail/Office
For Sale
Contact for pricing
648 Carlyle Ave, Belleville, IL 62221
Retail/office space available for sale in Belleville, Illinois.
Property Size3,557 SF
Price / SF$275.51
Days on Market700
Property Features for 648 Carlyle Ave
General Information
Standard status
Active
Size
3,557 SF
Property subtype
Office, Retail
Listing Agency:
NAI DESCO - St. Louis
(314) 994-4292
Listed By:
Jeff Eisenberg · License #MO 1999006126
Source:
Crexi
Added: Aug 30, 2024
Changed: Jul 6
Last Checked: Jul 30 at 1:57PM
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 NAI DESCO - St. Louis
Investment Insights
Based on property information with market context.
This commercial property in Belleville, Illinois, offers 3,557 square feet of retail and office space and is available for sale. The property is suitable for both retail and office use.
Key Highlights
- No property information was provided to extract selling points.
Financial Insights For Office B
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 | $68.3k | $19.20 |
| − Vacancy | −$13.3k | −$3.74 |
| EGI | $55.0k | $15.46 |
| − OpEx | −$13.7k | −$3.86 |
| NOI | $41.2k | $11.59 |
3,557 SF · lease $19.20/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$589.0K
$515.4K – $687.2K
NOI $41,233 @ 7.0% cap · market cap 4.21%
Second Best
Retail
$507.7K
$444.3K – $592.4K
NOI $35,541 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$842.1K
$736.8K – $982.4K
NOI $58,945 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 62221, IL
29,039
Population
12,460
Households
2.3
Avg Household Size
38
Median Age
37%
College-Educated
96%
High-School Grad
35.0 sq mi
ZIP Area
830
Density / Sq Mi
$78,619
Median Household Income
$45,353
Median Earnings
$1,078
Median Rent
$207,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail/office space available for sale in Belleville, Illinois.
Where is this retail space located?
The property is located at 648 Carlyle Ave Belleville, IL.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: No property information was provided to extract selling points.
