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    5920 Gateway Industrial Dr Belleville, IL 62223

    For Sale
    $2,100,000

    High-yield industrial warehouse, excellent location.

    Property size:
    25,188 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Belleville, IL industrial property presents a compelling investment opportunity. The 25,188 square foot warehouse, classified as Class B, sits on an 8.02-acre lot and boasts a 7.50% cap rate. The property includes three buildings and features 24-foot ceilings, ideal for various industrial uses. Previously occupied by a truck maintenance and repair company, the site offers ample truck trailer parking and outdoor storage, totaling 3.44 acres. A portion of the property is currently leased, generating $112,200 in annual income from a 9,545 square foot office/warehouse space and 0.91 acres of outdoor storage. The remaining 15,643 square feet of office/warehouse space and 2.53 acres of land are available for immediate use or lease. The property is zoned for improved commercial use and underwent renovations in 2022. The asking price is $2,100,000, translating to $111.16 per square foot. This multi-tenant property is offered as a NNN lease. The property's address is 5920 Gateway Industrial Dr, Belleville, IL 62223, with APN 07-13 .0-400-070. This is a single-story building situated in St. Clair County.

    Property Features for 5920 Gateway Industrial Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    25,188 SF
    Class
    B
    Lot Size
    349,351 SF

    Building Details

    Year Renovated
    2022
    Stories
    1

    HighLights

    • $2,100,000 asking price for this Belleville, IL industrial property.
    • 25,188 square foot warehouse, Class B, on an 8.02‑acre lot.
    • NNN lease, multi‑tenant, with a 7.50% cap rate.
    • $111.16 price per square foot.
    • Renovated in 2022, featuring 24' ceiling height and improved commercial zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    HTE Rental Services Equipment Rental Agency

    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
    -90.0376091
    Latitude
    38.5292486

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    FAQs

    What type of property is this?
    Distribution property - High-yield industrial warehouse, excellent location.
    Where is this distribution property located?
    The property is located at 5920 Gateway Industrial Dr Belleville, IL.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: $2,100,000 asking price for this Belleville, IL industrial property.; 25,188 square foot warehouse, Class B, on an 8.02-acre lot.; NNN lease, multi-tenant, with a 7.50% cap rate.
    Request Owner's contact information
    5920 Gateway Industrial Dr 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
    5920 Gateway Industrial Dr Belleville, IL 62223
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