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    1423 Main St Belleville, IL 62220

    Sponsored
    For Sale
    $95,000

    Historic Downtown Belleville, 4,088 SF, Vacant.

    Property size:
    4,088 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a historic commercial building located in the heart of downtown Belleville, Illinois. The property, situated at 1423 W Main St, boasts a prime location near thriving shops and restaurants, ensuring high visibility and foot traffic. This two-level building offers a generous 4,088 square feet of space, ideal for a variety of uses, including office or retail ventures. The building's versatile layout allows for customization to suit diverse business needs. An attached gravel parking lot provides convenient parking for customers and employees. The property also features a convenient overhead door, adding to its functionality. Built in 1862, this building retains its historic charm while offering ample space for modern business operations. The property is zoned C-1 Light Commercial, providing flexibility for various business types. The lot size mirrors the building's square footage at 4,088 square feet. The asking price is $95,000, and the property is being sold AS-IS. The APN is 08210324007. This is a rare chance to acquire a piece of Belleville's rich history and establish a thriving business in a vibrant downtown setting. Don't miss this opportunity to own a piece of Belleville's heritage.

    Property Features for 1423 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,088 SF
    Class
    C

    Building Details

    Year Built
    1862

    HighLights

    • Historic downtown Belleville location on W Main St., near amenities.
    • 4,088 SF two‑level commercial building, ideal for office or retail.
    • Attached gravel parking lot and convenient overhead door.
    • C‑1 Light Commercial zoning.
    • $95,000 asking price, AS‑IS sale. APN: 08210324007.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.0007845
    Latitude
    38.5172274

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    FAQs

    What type of property is this?
    Individual retail property - Historic Downtown Belleville, 4,088 SF, Vacant.
    Where is this individual retail property located?
    The property is located at 1423 Main St Belleville, IL.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: Historic downtown Belleville location on W Main St., near amenities.; 4,088 SF two-level commercial building, ideal for office or retail.; Attached gravel parking lot and convenient overhead door.
    Request Owner's contact information
    1423 Main St Belleville, IL 62220
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    Belleville, IL 62220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1423 Main St Belleville, IL 62220
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