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

    4 Wade Sq Belleville, IL 62221

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Single tenant Dollar General in Belleville, IL for sale.

    Property size:
    7,925 SF
    Lot size:
    0.22 Acres

    Property Features for 4 Wade Sq

    General Information

    Size
    7,925 SF
    Lot size
    0.22 Acres

    We can help!

    Listing Contact
    Dominic Shamany
    Dominic Shamany
    Source: Moodyscre

    Listing Agency: Legacy Real Estate Advisors Listing Agent: Dominic Shamany

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

    Learn more

    Property Insight Report

    Overview

    Dollar General Investment Opportunity

    This single-tenant property is occupied by Dollar General (NYSE: DG) in Belleville, IL, part of the St. Louis MSA, which is ranked as the 21st largest MSA in the country. Dollar General is an investment-grade tenant with an S&P rating of 'BBB'. The tenant has operated at this location for over 26 years. A newly negotiated 5-year lease is in place, featuring two 5-year options and 6% increases per option period. The property is situated at the signalized corner of Hwy-161 and Lebanon Ave, with exposure to over 36,730 vehicles per day. The surrounding area is highly populated, with 109,146 residents within a 5-mile radius. The average household income within a 1-mile radius exceeds $72,120. The property has a size of 7,925 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Western Union Bank Dollar General Discount Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9701425
    Latitude
    38.5306918

    Nearby Similar for Sale

    • New
      $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 St, Belleville, IL 62220
      View Details
    • $290,000
      3,400 SF

      Belleville Commercial Space - Turnkey

      Prime downtown commercial space suitable for restaurant, bar, or retail.
      7 S High St, Belleville, IL 62220
      View Details
    • $799,000
      5,890 SF

      Versatile Mixed-Use Commercial Building

      Multi-use commercial building in O'Fallon with live-work potential.
      101 Springfield Ct, O Fallon, IL 62269
      View Details
    • New
      $127,900
      1,437 SF

      Belleville Commercial Building with Equipment

      Turnkey commercial building with equipment in high-traffic Belleville location.
      507 Sherman St, Belleville, IL 62221
      View Details
    • $275,000
      3,924 SF

      Belleville Commercial Building For Sale

      Commercial building with four units, ideal for investors.
      1913 N Belt E, Belleville, IL 62221
      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 St, Belleville, IL 62220
      View Details
    • $250,000
      1 SF

      Belleville Retail Opportunity For Sale

      Retail property in high-traffic area near Belleville's historic public square.
      500 N Illinois St, Belleville, IL 62220
      View Details
    • $500,000
      Pending

      Belleville Mixed-Use Redevelopment Opportunity

      61,787 SF facility on 17.53 acres with redevelopment potential.
      1901 Mascoutah Ave, Belleville, IL 62220
      View Details
    • $350,000
      1,120 SF

      O'Fallon Commercial Building For Sale

      Iconic commercial building on heavily trafficked Highway 50 in O'Fallon.
      406 Highway 50 W, O Fallon, IL 62269
      View Details
    • $65,000
      1,152 SF

      Refurbished Office Space Downtown

      Refurbished office space in downtown Belleville, near courthouse.
      6 Lebanon Ave, Belleville, IL 62220
      View Details
    • $1,400,000
      6,256 SF

      Belleville Winery, Events, and Venue

      Upscale winery, special event, and wedding venue on 21 acres.
      1720 E State Route 15, Belleville, IL 62221
      View Details
    • New
      $175,000
      2,716 SF

      Belleville Duplex with Fenced Yard

      Updated duplex in quiet neighborhood, ideal for owner-occupant or investor.
      922 S 74Th St, Belleville, IL 62223
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Single tenant Dollar General in Belleville, IL for sale.
    Where is this grocery and convenience store located?
    The property is located at 4 Wade Sq Belleville, IL.
    What is the asking price?
    The asking price for this property is $533,419.
    What are key features of this property?
    This property features: - Investment grade tenant: Dollar General (NYSE: DG, S&P Rated 'BBB').; - Tenant has operated successfully at this location for over 26 years.; - Newly negotiated 5-year lease with (2) 5-year options and 6% increases per option period.
    (248) 450-3259 Call to check price and availability
    Request Owner's contact information
    4 Wade Sq Belleville, IL 62221
    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.
    4 Wade Sq
    Belleville, IL 62221
    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
    4 Wade Sq Belleville, IL 62221
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dominic Shamany
    Dominic Shamany
    Real Estate License ID: #6506047766
    (248) 450-3259 (248) 450-3257
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!