Auto Shop on Centreville
For Sale
Contact for pricing
321 Centreville Ave, Belleville, IL 62220
2,325 SF auto shop with equipment on 0.40 acres.
Property Size2,325 SF
Lot Size0.40 Acres
Price / SF$107.53
Days on Market1393
Property Features for 321 Centreville Ave
General Information
Standard status
Active
Size
2,325 SF
Class
C
Lot size
0.40 Acres
Property subtype
Retail
Zoning
C-1
Investment Type
Owner/User
Building Details
Year Built
1970
Year Renovated
2020
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Barbermurphy Group
Listed By:
Tony Smallmon · License #IL 475120946
(618) 407-4240
Source:
Crexi
Added: Dec 23, 2022
Changed: Oct 10
Last Checked: Oct 16 at 7:05AM
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 Barbermurphy Group
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Investment Insights
Based on property information with market context.
This is a 2,325 square foot auto shop building situated on a 0.40 acre lot. The property was formerly Stock’s Underhood Specialist for 39 years. It is a turn-key property that includes all furniture, fixtures, and inventory. The equipment includes three racks, an air compressor, an oil separator, tools, and tool shelves. A full equipment list is available upon request. The shop is heated and cooled and features newer windows, new LED lighting, a reception area and waiting room, an office, and two storage areas. The roof was replaced in 2020.
Key Highlights
- Turn‑key auto shop property with all FF & I (Furniture, Fixtures, and Inventory) included.
- Essential equipment included: (3) racks, air compressor, oil separator, tools and tool shelves.
- 2,325 SF building on a .40 acre lot.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,949
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,980
$299.0K
Cap Rate 7%
$213,557
$213.6K
Cap Rate 9%
$166,100
$166.1K
Market Conditions
NOI Build-Up for 2,325 SF
Gross rent
$22.6K $9.72/SF
− Vacancy
−$1.2K −$0.53/SF
EGI
$21.4K $9.19/SF
− OpEx
−$6.4K −$2.76/SF
NOI
$14.9K $6.43/SF
Area
St. Clair County, IL
Vacancy
5.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,980
Cap Rate 7%
$213,557
Cap Rate 9%
$166,100
Alternative Uses
Best Use
Retail
$331.9K
$290.4K – $387.2K
NOI $23,231 @ 7.0% cap · market cap 9.29%
Second Best
Industrial
$213.6K
$186.9K – $249.2K
NOI $14,949 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$550.4K
$481.6K – $642.2K
NOI $38,529 @ 7.0% cap · market cap 15.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,249
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62220, IL
19,474
Population
8,784
Households
2.2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
28.9 sq mi
ZIP Area
674
Density / Sq Mi
$65,261
Median Household Income
$37,105
Median Earnings
$976
Median Rent
$141,300
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 Retail in Midwest region
Similar Off Market Nearby
- Collision XS — 1416 Centreville Ave, Belleville, IL 62220
- Classic Towing158 — 1420 Centreville Ave, Belleville, IL 62220
- Bertco Automotive — 609 S Belt W, Belleville, IL 62220
- DeVan Automotive Services — 1110 S Church St, Belleville, IL 62220
- Belleville Towing Inc — 15 w cleveland ave, belleville, il 62220
Frequently Asked Questions
What type of property is this?
Auto shop - 2,325 SF auto shop with equipment on 0.40 acres.
Where is this auto shop located?
The property is located at 321 Centreville Ave Belleville, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Turn‑key auto shop property with all FF & I (Furniture, Fixtures, and Inventory) included.; Essential equipment included: (3) racks, air compressor, oil separator, tools and tool shelves.; 2,325 SF building on a .40 acre lot.
