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    421 Belt Belleville, IL 62220

    Sponsored
    For Sale
    Contact for pricing

    High-traffic corner lot, vacant, ready to develop.

    Property size:
    31,363 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 0.72-acre commercial lot, located at 421 South Belt East in Swansea, Illinois (zip code 62220), presents a unique development opportunity. Situated on a high-traffic corner at the intersection of South Belt East and Freeburg Avenue, this property boasts a daily traffic count of 13,000 vehicles. A proposed roundabout at the intersection is expected to further enhance visibility and accessibility. The lot is zoned C-2 Heavy Commercial, providing flexibility for a variety of commercial uses. The existing building, totaling 31,363 square feet, is vacant, offering a clean slate for new construction or redevelopment. The net rentable area is 2,728 square feet. Built in 1957, the property includes all utilities on-site and offers ample parking for 40 vehicles. Its convenient location offers close proximity to Illinois Route 15, various fast-food restaurants, the Belleville Fair Grounds, and convenience stores. The property's APN is 08-27.0-311-022. This prime location and versatile zoning make this an ideal investment for developers seeking high-visibility commercial space in a thriving area. The property is currently vacant, offering immediate development potential.

    Property Features for 421 Belt

    General Information

    Property type
    Land
    Square Feet
    31,363 SF
    Lot Size
    31,363 SF

    Building Details

    Year Built
    1957

    HighLights

    • Ample parking: 40 spaces available.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM (Gas Mart ... Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9780642
    Latitude
    38.5026463

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, vacant, ready to develop.
    Where is this land located?
    The property is located at 421 Belt Belleville, IL.
    What are key features of this property?
    This property features: Ample parking: 40 spaces available.; ;
    Request Owner's contact information
    421 Belt 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
    421 Belt Belleville, IL 62220
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