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    402 Main St Belleville, IL 62220

    Sponsored
    For Sale
    $275,000

    Downtown Belleville, high-traffic corner lot.

    Property size:
    3,591 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3,591 square foot commercial property, located at 402 E Main St in Belleville, Illinois (zip code 62220), presents a unique investment opportunity. Built in 1946, this two-story building is zoned C-2 Heavy Commercial and sits on a 0.27-acre corner lot at the intersection of E. Main and S. Charles Streets. The main level features a spacious open area, a kitchen, a restroom, and a storage room, ideal for retail or office use. The second floor offers two large open areas and a restroom, providing ample space for expansion or diverse configurations. The property includes off-street parking and an adjacent vacant green-space lot. Note that deed restrictions apply. The asking price is $275,000, translating to $76.58 per square foot. The property's APN is 08-22.0-341-017 & 08-22.0-341-019. This prime location in downtown Belleville offers high visibility and accessibility, making it an attractive option for a variety of commercial ventures. The building's versatile layout and substantial square footage provide flexibility for various business needs. Don't miss this chance to acquire a well-situated commercial property in a thriving Illinois market.

    Property Features for 402 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,591 SF
    Lot Size
    11,761 SF

    Building Details

    Year Built
    1946
    Stories
    2

    HighLights

    • $275,000 asking price for a 3,591 square foot building.
    • Retail and office space in a two‑story, 1946 building.
    • Located at 402 E Main St, Belleville, IL 62220, on a 0.27‑acre corner lot.
    • C‑2 Heavy Commercial zoning.
    • Features off‑street parking and an attached vacant lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Worldwide Military Baptist ... Association Or Organization

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9787884
    Latitude
    38.5134823

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    FAQs

    What type of property is this?
    Individual retail property - Downtown Belleville, high-traffic corner lot.
    Where is this individual retail property located?
    The property is located at 402 Main St Belleville, IL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: $275,000 asking price for a 3,591 square foot building.; Retail and office space in a two-story, 1946 building.; Located at 402 E Main St, Belleville, IL 62220, on a 0.27-acre corner lot.
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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
    402 Main St Belleville, IL 62220
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