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    4 Wade Sq Belleville, IL 62221

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    For Sale
    $533,419

    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

    Source: Legacy Real Estate Advisors Agent Dominic Shamany

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

    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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service Dollar General Dollar Store

    Suggested Use

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

    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

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    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
    Request Owner's contact information
    4 Wade Sq Belleville, IL 62221
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    Belleville, IL 62221
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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
    4 Wade Sq Belleville, IL 62221
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