Belleville Retail/Office
For Sale
Contact for pricing
648 Carlyle Ave, Belleville, IL 62221
Retail/office space available for sale in Belleville, Illinois.
Property Size3,557 SF
Price / SF$275.51
Days on Market779
Property Features for 648 Carlyle Ave
General Information
Standard status
Active
Size
3,557 SF
Property subtype
Office, Retail
Building Details
Tenancy
Single
Listing Agency:
NAI DESCO - St. Louis
Listed By:
Jeff Eisenberg · License #MO 1999006126
(314) 994-4292
Source:
Crexi
Added: Aug 30, 2024
Changed: Oct 4
Last Checked: Oct 16 at 9:21AM
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 NAI DESCO - St. Louis
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property in Belleville, Illinois, offers 3,557 square feet of retail and office space and is available for sale. The property is suitable for both retail and office use.
Key Highlights
- No property information was provided to extract selling points.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,233
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,660
$824.7K
Cap Rate 7%
$589,043
$589.0K
Cap Rate 9%
$458,144
$458.1K
Market Conditions
NOI Build-Up for 3,557 SF
Gross rent
$68.3K $19.20/SF
− Vacancy
−$13.3K −$3.74/SF
EGI
$55.0K $15.46/SF
− OpEx
−$13.7K −$3.86/SF
NOI
$41.2K $11.59/SF
Area
St. Clair County, IL
Vacancy
19.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,660
Cap Rate 7%
$589,043
Cap Rate 9%
$458,144
Alternative Uses
Best Use
Office B
$589.0K
$515.4K – $687.2K
NOI $41,233 @ 7.0% cap · market cap 4.21%
Second Best
Retail
$507.7K
$444.3K – $592.4K
NOI $35,541 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$842.1K
$736.8K – $982.4K
NOI $58,945 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Explore this area
Business Placement
Demographics for 62221, IL
29,039
Population
12,460
Households
2.3
Avg Household Size
38
Median Age
37%
College-Educated
96%
High-School Grad
35.0 sq mi
ZIP Area
830
Density / Sq Mi
$78,619
Median Household Income
$45,353
Median Earnings
$1,078
Median Rent
$207,200
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 Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Retail/office space available for sale in Belleville, Illinois.
Where is this retail space located?
The property is located at 648 Carlyle Ave Belleville, IL.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: No property information was provided to extract selling points.
