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    423 Illinois St Belleville, IL 62220

    For Sale
    $950,000

    Thriving Preschool Business & Real Estate

    Property size:
    13,770 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a profitable, established daycare and preschool for sale in Belleville, Illinois. Located at 423 S Illinois St, this property encompasses 13,770 square feet on a 0.53-acre lot, featuring a main building constructed in 1932 and extensively renovated in 2020. The property includes four classrooms on the lower walk-out level and three additional classrooms on the upper floor. Upper-level amenities include a large cafeteria, a fully equipped kitchen, a private office, and a staff breakroom/kitchenette. The center boasts two fenced-in playgrounds and ample parking for 26 vehicles on asphalt surfaces. The building is fully sprinklered and zoned C-1 Light Commercial. Currently operating at over 80% capacity (seasonal), with a maximum permitted enrollment of 97 children, this daycare has experienced a remarkable 33% annual increase in net operating income since 2021. The sale includes all furniture, fixtures, and equipment (FF&E) related to the business, along with the real estate across three parcels. The property's ceiling height is 7'10". A fourth parcel, potentially an additional rental house, may also be available for purchase separately. The asking price for this turnkey operation is $950,000, representing a price per square foot of $68.99. Detailed financial information is available upon request. The property's APN is 08-28.0-215-015 08-28.0-215-019 08-28.0-215-007.

    Property Features for 423 Illinois St

    General Information

    Property type
    Investment properties
    Square Feet
    13,770 SF
    Class
    C
    Lot Size
    23,087 SF

    Building Details

    Year Built/Renovated
    1932/2020
    Buildings
    1

    HighLights

    • Four lower‑level classrooms with walkout access.
    • Three upper‑level classrooms.
    • Large cafeteria with kitchen.
    • Private office.
    • Staff breakroom with kitchenette.
    • Two fenced playgrounds.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    D & D Motors ... Used Car Dealer My Little School ... Day Care Center

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -89.9846382
    Latitude
    38.5089473

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    FAQs

    What type of property is this?
    Investment property - Thriving Preschool Business & Real Estate
    Where is this investment property located?
    The property is located at 423 Illinois St Belleville, IL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Four lower-level classrooms with walkout access.; Three upper-level classrooms.; Large cafeteria with kitchen.
    (502) 767-4199
    Request Owner's contact information
    423 Illinois 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
    423 Illinois St Belleville, IL 62220
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