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    21 12Th St Belleville, IL 62220

    For Sale
    $550,000

    Spacious warehouse, ideal owner-user. High potential.

    Property size:
    20,366 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Belleville, IL warehouse offers 20,366 square feet of space, perfect for owner-occupiers or investors seeking a strong return. The property features a substantial ground floor of 14,766 square feet and a second-level mezzanine of 5,600 square feet, providing ample room for diverse business needs. Built in 1985, this Class C industrial building includes two 10' x 10' overhead doors, a 10' x 12' loading dock, three-phase power (400 KVA/240-480 volts), floor drains, and is heated. The property sits on a 0.48-acre lot and includes an additional 0.4-acre undeveloped lot, ideal for expansion or additional parking. Zoned D-1, this warehouse presents a compelling investment opportunity with a potential annual gross income of $72,000. Past property taxes were $18,358 and building insurance was $5,000. This property is priced at $550,000, offering a price per square foot of $27.01. The APN is 08-21.0-326-010.

    Property Features for 21 12Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    20,366 SF
    Class
    C

    Building Details

    Year Built
    1985

    HighLights

    • 20,366 SF Warehouse in Belleville, IL
    • 14,766 SF ground floor and 5,600 SF mezzanine
    • Built in 1985, Class C industrial building
    • Ideal for owner‑occupiers or investors, with potential $72,000 annual gross income
    • $550,000 asking price ($27.01/SF)
    • 0.48‑acre lot plus 0.4‑acre undeveloped lot
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dent Spot Auto Body Shop

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply 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
    -89.9980146
    Latitude
    38.5167081

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    FAQs

    What type of property is this?
    Distribution property - Spacious warehouse, ideal owner-user. High potential.
    Where is this distribution property located?
    The property is located at 21 12Th St Belleville, IL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 20,366 SF Warehouse in Belleville, IL; 14,766 SF ground floor and 5,600 SF mezzanine; Built in 1985, Class C industrial building
    Request Owner's contact information
    21 12Th 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
    21 12Th St Belleville, IL 62220
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