4900 Main St Belleville, IL 62226-4725

Property Details for 4900 Main St

Lot size

0.34 lot acres

Property size

4,640 SF

Property type

Commercial real estate

APN

08-07-0-421-012

APU

8070421012

Description

This exceptional single-tenant medical office building presents a compelling investment opportunity in Belleville, Illinois. The 4,640 square foot property, built in 1985, boasts a 100% occupancy rate with a strong, creditworthy tenant, ECP Ophthalmology LLC (a subsidiary of Eye Care Partners), under a Net Lease (NN+) agreement with two years remaining. The asking price is $515,446, representing a compelling $111 per square foot and a 9.00% capitalization rate with a current NOI of $46,400. The property benefits from a recently completed lease extension and is currently undergoing a roof replacement, expected to be finished by the end of 2024. This investment offers significant advantages, including resilience to e-commerce disruption inherent in the healthcare sector and the backing of a large, established national healthcare provider, Eye Care Partners, with over 1,000 providers nationwide. The robust growth projections for the US and global eyecare market further solidify this investment's long-term potential. Located at 4900 W Main St, Belleville, IL 62226, this property is a rare opportunity to acquire a stable, high-yielding asset in a growing industry. The property is a single-story building situated on a single lot.

Location Insight

City

Belleville

County

St. Clair

State

Illinois

Longitude

-90.0283

Latitude

38.5431

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments