Former Restaurant Building For
For Sale
Contact for pricing
4422 W Main Street, Belleville, IL 62226
4,500 SF former McDonald's restaurant available for purchase.
Property Size4,500 SF
Price / SF$150
Days on Market943
Property Features for 4422 W Main Street
General Information
Standard status
Active
Size
4,500 SF
Total Parking Spaces
59
Property subtype
Retail
Listing Agency:
L3 Corporation Real Estate
Listed By:
Rebecca Thessen · License #MO
(314) 620-0093
Source:
Crexi
Added: Mar 21, 2024
Changed: Oct 11
Last Checked: Oct 19 at 5:37AM
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 L3 Corporation Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 4,500 square foot commercial property, formerly a McDonald's restaurant, is available for sale. This property is suitable for drive-through restaurants, restaurants, or other commercial real estate ventures.
Key Highlights
- 4,500 SF Former McDonalds
- For Sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,302
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,040
$1.2M
Cap Rate 7%
$875,743
$875.7K
Cap Rate 9%
$681,133
$681.1K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$85.3K $18.96/SF
− Vacancy
−$3.6K −$0.80/SF
EGI
$81.7K $18.16/SF
− OpEx
−$20.4K −$4.54/SF
NOI
$61.3K $13.62/SF
Area
St. Clair County, IL
Vacancy
4.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,040
Cap Rate 7%
$875,743
Cap Rate 9%
$681,133
Alternative Uses
Best Use
Specialty Retail
$875.7K
$766.3K – $1.02M
NOI $61,302 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$932.2K – $1.24M
NOI $74,572 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Explore this area
Business Placement
Demographics for 62226, IL
29,156
Population
13,285
Households
2.2
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
13.9 sq mi
ZIP Area
2,098
Density / Sq Mi
$66,018
Median Household Income
$43,284
Median Earnings
$946
Median Rent
$162,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - 4,500 SF former McDonald's restaurant available for purchase.
Where is this drive through restaurant located?
The property is located at 4422 W Main Street Belleville, IL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 4,500 SF Former McDonalds; For Sale
