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Triangular Corner Grocery Retail
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500 North Illinois Street, Belleville, IL 62220

Former produce and vegetable grocer on a triangular corner lot with multiple ingress and egress.

Property Size3,022 SF
Price / SF$41.36
Days on Market125

Property Features for 500 North Illinois Street

General Information

Standard status Active
Size 3,022 SF
Total Parking Spaces 25
Property subtype Retail

Additional Details

Road Access Yes
Listing Agency: Barbermurphy Group
Listed By: Matt Barriger · License #IL 475148523
Source: Crexi
Added: May 12 Changed: Sep 13 Last Checked: Sep 13 at 4:53AM

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.

The property is a former produce and vegetable retail grocer configured as a storefront retail use. It sits on a triangular lot and features multiple ingress/egress points for vehicle access and circulation.

Located at the lighted intersection of Lebanon Ave and N Illinois St, the site is in a high-visibility setting. It is approximately five blocks north of Downtown Belleville, and it is located within both the Belleville TIF District and the Enterprise Zone.

This is a corner-focused retail site with direct access to the intersection, suited for businesses that require straightforward storefront presence and flexible site entry and exit.

Key Highlights

  • Former produce and vegetable retail grocer
  • Located at the lighted intersection of Lebanon Ave and N Illinois St
  • Triangular corner lot with multiple ingress/egress

Property Analytics

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Current Use

Farmers Market Grocery & Convenience Store wiseguys Restaurant

Suggested Use

Top Pick Electrical Service Pharmacy (Bike/Boat/Book/etc) Store Computer & Electronic Repair Carpet & Flooring Store Real Estate Agency

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,336
Businesses Nearby
Under-served
Demand for This Use

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
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Former produce and vegetable grocer on a triangular corner lot with multiple ingress and egress.
Where is this grocery and convenience store located?
The property is located at 500 North Illinois Street Belleville, IL.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Former produce and vegetable retail grocer; Located at the lighted intersection of Lebanon Ave and N Illinois St; Triangular corner lot with multiple ingress/egress
(618) 973-5507 Call to check price and availability
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