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    4904 W Main St Belleville, IL 62269

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    For Sale
    $475,000

    Net leased medical office building with lease extension and roof replacement.

    Property size:
    4,640 SF
    Lot size:
    0.51 Acres

    Property Features for 4904 W Main St

    General Information

    Size
    4,640 SF
    Lot size
    0.51 Acres

    Source: Matthews Real Estate Investment Services - Orange County Agent Tarik Fattah

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

    Overview

    Belleville Medical Office Investment Opportunity

    This property is a medical office building operating under a net lease, offering a passive investment opportunity. The current tenant has elected to extend their lease for an additional two years and assigned the lease to ECP Ophthalmology LLC, also known as Eye Care Partners, which has over 1,000 providers across the country. The roof is currently being replaced, with work expected to be completed by the end of 2024. Healthcare properties are highly sought-after investments due to their insulation from e-commerce competition and resistance to economic downturns. The US eyecare industry is expected to grow at a compound annual growth rate (CAGR) of 4.34% from 2024 to 2030. The global eye care market is expected to grow at a CAGR of 6.72% from 2024 to 2030, reaching an estimated size of $70.78 billion in 2023. The property is located in Belleville, IL and has a size of 4,640 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.0282297
    Latitude
    38.5433179

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    FAQs

    What type of property is this?
    Medical office - Net leased medical office building with lease extension and roof replacement.
    Where is this medical office located?
    The property is located at 4904 W Main St Belleville, IL.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Tenant is a subsidiary of Eye Care Partners (ECP Ophthalmology LLC), a large national healthcare provider with over 1,000 providers.; - The tenant just extended their lease for an additional two years.; - **Net lease structure provides a passive, hands-off investment.**
    (925) 549-1155
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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
    4904 W Main St Belleville, IL 62269
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