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    708 Illinois St Belleville, IL 62220

    Sponsored
    For Sale
    $95,000

    Prime Belleville industrial warehouse, 2,640 sq ft.

    Property size:
    2,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2,640-square-foot warehouse, located at 708 S Illinois St in Belleville, Illinois, presents a compelling investment opportunity. Built in 1950, this single-story concrete block structure sits on a 0.08-acre lot and is zoned D-1 Light Industrial, offering versatility for various business uses. The building features a 12-foot ceiling height, providing ample storage space, further enhanced by an elevated storage area. Two dock-high doors ensure efficient loading and unloading of goods. The property boasts a recently installed new roof and a durable concrete floor, minimizing maintenance concerns. The asking price is $95,000, translating to $35.98 per square foot. The property's address is 708 S Illinois St, Belleville, IL 62220, and its APN is 08-27.0-103-005. This heated warehouse offers a solid foundation for a variety of light industrial operations, making it an attractive prospect for both established businesses and entrepreneurs seeking a functional and well-maintained space. The property's location in Belleville, Illinois, provides convenient access to transportation routes and local amenities.

    Property Features for 708 Illinois St

    General Information

    Property type
    Distribution properties
    Square Feet
    2,640 SF
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1950
    Stories
    1

    HighLights

    • $95,000 asking price for this Belleville, IL warehouse.
    • 2,640 square foot industrial building.
    • $35.98 per square foot.
    • Built in 1950, one‑story building with a new roof.
    • D‑1 Light Industrial zoning.
    • 0.08‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    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
    -89.9837609
    Latitude
    38.5065042

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    FAQs

    What type of property is this?
    Distribution property - Prime Belleville industrial warehouse, 2,640 sq ft.
    Where is this distribution property located?
    The property is located at 708 Illinois St Belleville, IL.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: $95,000 asking price for this Belleville, IL warehouse.; 2,640 square foot industrial building.; $35.98 per square foot.
    Request Owner's contact information
    708 Illinois St 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
    708 Illinois St Belleville, IL 62220
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