Auto Shop on Centreville
321 Centreville Ave Belleville, IL 62220
321 Centreville Ave, Belleville, IL, 62220
Contact for pricing
For Sale
Contact for pricing
2,325 SF auto shop with equipment on 0.40 acres.
Property Size2,325 SF
Lot Size0.40 Acres
Price / SF$107.53
Days on Market1303
Property Features for 321 Centreville Ave
General Information
- Standard status
- Active
- Size
- 2,325 SF
- Lot size
- 0.40 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1970
Listing Agency
Barbermurphy Group
(618) 407-4240
Listed by
Tony Smallmon · License #IL 475120946
Source
Crexi
Added: Dec 23, 2022 Checked: Jul 17 at 4:04 am
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 Barbermurphy Group
Investment Insights
Based on property information with market context.
This is a 2,325 square foot auto shop building situated on a 0.40 acre lot. The property was formerly Stock’s Underhood Specialist for 39 years. It is a turn-key property that includes all furniture, fixtures, and inventory. The equipment includes three racks, an air compressor, an oil separator, tools, and tool shelves. A full equipment list is available upon request. The shop is heated and cooled and features newer windows, new LED lighting, a reception area and waiting room, an office, and two storage areas. The roof was replaced in 2020.
Key Highlights
- Turn‑key auto shop property with all FF & I (Furniture, Fixtures, and Inventory) included.
- Essential equipment included: (3) racks, air compressor, oil separator, tools and tool shelves.
- 2,325 SF building on a .40 acre lot.
Local Financial Insights For Industrial
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 | $22.6k | $9.72 |
| − Vacancy | −$1.2k | −$0.53 |
| EGI | $21.4k | $9.19 |
| − OpEx | −$6.4k | −$2.76 |
| NOI | $14.9k | $6.43 |
2,325 SF · lease $9.72/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$331.9K
$290.4K – $387.2K
NOI $23,231 @ 7.0% cap · market cap 9.29%
Second Best
Industrial
$213.6K
$186.9K – $249.2K
NOI $14,949 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$550.4K
$481.6K – $642.2K
NOI $38,529 @ 7.0% cap · market cap 15.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Stock's Underhood Specialists ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Belleville Towing Inc — 15 w cleveland ave, belleville, il 62220
- Auffenberg Ford, Inc. Collision — 901 S Illinois St, Belleville, IL 62220
- Bertco Automotive — 609 S Belt W, Belleville, IL 62220
- Collision XS — 1416 Centreville Ave, Belleville, IL 62220
- Classic Towing158 — 1420 Centreville Ave, Belleville, IL 62220
FAQs
What type of property is this?
Auto shop - 2,325 SF auto shop with equipment on 0.40 acres.
Where is this auto shop located?
The property is located at 321 Centreville Ave Belleville, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Turn‑key auto shop property with all FF & I (Furniture, Fixtures, and Inventory) included.; Essential equipment included: (3) racks, air compressor, oil separator, tools and tool shelves.; 2,325 SF building on a .40 acre lot.
