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Six-Unit Mixed-Use Property
For Sale
$275,000

309 N Illinois Street, Belleville, IL 62220

Commercial and residential spaces are occupied, with off-street parking behind the building.

Property SizeContact for details
Days on Market59

Property Features for 309 N Illinois Street

General Information

Standard status Active
Property subtype Commercial
Occupancy 100%

Site & Location

Road Access Yes
Mixed-Use Components commercial, residential

Units

Unit Mix 2 x 1BR/1BA
Multifamily Units 2

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $3,875

Building Details

Year Built 1900
Buildings 2
Stories 2
Tenancy Multi
Listing Agency: Flowers Home Realty
Listed By: Marletta Flowers
Source: Flowershomerealty
Added: Aug 28 Changed: Oct 23 Last Checked: Oct 23 at 1:27PM

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 Flowers Home Realty

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Investment Insights

Based on property information with market context.

Built in 1900, this mixed-use property includes three commercial units and two one-bedroom, one-bath residences on the upper floor. A separate business space occupies the garage at the rear, bringing the property total to six units. Both apartments have been updated, and all six units are currently occupied.

The commercial and residential spaces face N Illinois Street. Rear off-street parking is available, and the offering includes three additional parcels of land.

Key Highlights

  • Six occupied units: 3 commercial, 2 upper‑floor residences, and a business space in the rear garage
  • Two updated upper‑level apartments, each with 1 bedroom and 1 bath
  • Three additional parcels of land included

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Pharmacy Electrical Service Nail Salon Dental Office Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,396
Businesses Nearby

Demographics for 62220, IL

19,474
Population
8,784
Households
2.2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
28.9 sq mi
ZIP Area
674
Density / Sq Mi
$65,261
Median Household Income
$37,105
Median Earnings
$976
Median Rent
$141,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial and residential spaces are occupied, with off-street parking behind the building.
Where is this mixed-use property located?
The property is located at 309 N Illinois Street Belleville, IL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Six occupied units: 3 commercial, 2 upper‑floor residences, and a business space in the rear garage; Two updated upper‑level apartments, each with 1 bedroom and 1 bath; Three additional parcels of land included
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