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    29 64Th St Belleville, IL 62223

    Sponsored
    For Sale
    $399,000

    Prime 40,896 SF building, 4 acres, great potential.

    Property size:
    40,896 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story, 40,896 square foot building situated on a generous 4.09-acre lot presents a compelling investment opportunity in Belleville, Illinois. Currently zoned C-1 Light Commercial District, the property offers remarkable versatility. The building features an elevator, ample parking, and is ideally suited for a variety of uses. Potential redevelopment options include, but are not limited to, hotel, apartment complex, senior housing, or self-storage facility. The existing structure provides significant square footage for immediate occupancy or renovation, catering to diverse business needs. The expansive lot size allows for future expansion or additional development. The property's location in Belleville, IL, offers convenient access to major transportation routes and a thriving local community. The asking price is $399,000, translating to a price per square foot of $9.76. Permitted uses under the current zoning include office spaces, single-family homes, and funeral homes. Special use permits could allow for industrial uses, multi-use residential developments, solar farms, cannabis dispensaries, daycare centers, and nursing homes. This property represents a rare chance to acquire a substantial building with significant upside potential in a desirable location. Detailed zoning information and permitted uses are available upon request.

    Property Features for 29 64Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    40,896 SF
    Lot Size
    178,160 SF

    Building Details

    Stories
    3

    HighLights

    • 40,896± SF Office/Medical Building
    • 4.09‑Acre Site
    • Three‑Story Building with Elevator
    • Ample Parking
    • C‑1 Light Commercial Zoning (Permits office, single‑family homes, funeral homes; Special uses include industrial, multi‑family residential, solar farm, cannabis dispensary, daycare, and nursing home)
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -90.0381223
    Latitude
    38.5548434

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    FAQs

    What type of property is this?
    Multifamily property - Prime 40,896 SF building, 4 acres, great potential.
    Where is this multifamily property located?
    The property is located at 29 64Th St Belleville, IL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: 40,896± SF Office/Medical Building; 4.09-Acre Site; Three-Story Building with Elevator
    Request Owner's contact information
    29 64Th St 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
    29 64Th St Belleville, IL 62223
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