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    5920 Gateway Industrial Dr Belleville, IL 62223

    For Lease
    $9 SF/Yr ($18,891 /Mo)

    Industrial space, multiple tenants, 15,643 SF vacant

    Lot size:
    25,188 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This Belleville, IL industrial property, located at 5920 Gateway Industrial Dr, offers 25,188 square feet of warehouse space in a single-story building. Built in 1970 and renovated in 2022, the property features a 24-foot ceiling height and 945 feet of frontage on an 8.02-acre lot. The zoning is Improved Commercial (APN: 07-13 .0-400-070). Currently, there are multiple tenants, with 15,643 square feet of vacant space available. Divisible units range from a minimum of 5,715 square feet to a maximum contiguous space of 9,928 square feet. The property includes 34 total parking spaces. The property previously served as a truck terminal, offering ample space for trailer parking and outdoor storage. A portion of the property is currently leased, generating $112,200 in annual lease income. This presents a unique opportunity for investors or businesses seeking a substantial industrial space in a prime location.

    Property Features for 5920 Gateway Industrial Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,188 SF
    Total Rate
    18891

    Building Details

    Year Built/Renovated
    1970/2022
    Stories
    1

    Unit(s) available at that property

    Space
    Building1
    Size
    9,928 SF
    Rate per SF
    $9
    Space
    Building 3
    Size
    5,715 SF
    Rate per SF
    $9

    HighLights

    • 25,188 SF single‑story warehouse in Belleville, IL.
    • 15,643 SF of vacant space available, divisible units from 5,715 SF to 9,928 SF.
    • Built in 1970, renovated in 2022, 24' ceiling height.
    • 8.02‑acre lot with 945' of frontage; 34 parking spaces.
    • Generating $112,200 in annual lease income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    HTE Rental Services Equipment Rental Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.0376091
    Latitude
    38.5292486

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    FAQs

    What type of property is this?
    Distribution property - Industrial space, multiple tenants, 15,643 SF vacant
    Where is this distribution property located?
    The property is located at 5920 Gateway Industrial Dr Belleville, IL.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 25,188 SF single-story warehouse in Belleville, IL.; 15,643 SF of vacant space available, divisible units from 5,715 SF to 9,928 SF.; Built in 1970, renovated in 2022, 24' ceiling height.
    Request Owner's contact information
    5920 Gateway Industrial Dr Belleville, IL 62223
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    Belleville, IL 62223
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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
    5920 Gateway Industrial Dr Belleville, IL 62223
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