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    312 Belt Swansea, IL 62226

    Sponsored
    For Sale
    $695,000

    Vacant Medical Office, 4212 SF

    Property size:
    4,212 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 4,212-square-foot medical office building, located at 312 N Belt E in Swansea, Illinois (zip code 62226), presents a unique investment opportunity. Priced at $695,000, this single-story, Class B building was constructed in 2003 and is currently vacant. The property boasts a desirable location on a main thoroughfare, offering excellent visibility and accessibility. Previously used as a veterinary hospital, the space features a dedicated pharmacy area, a spacious front reception and waiting room, and two private offices. The building's versatile layout allows for a variety of medical uses, or even potential conversion for daycare purposes. Recent improvements include a new roof and interior paint, completed within the last two years, ensuring the property is well-maintained and ready for immediate occupancy. The previous practice vacated in October 2023, and some legacy hospital items may be available. This property offers a strong foundation for a new medical practice or a savvy investor seeking a prime location in a thriving community. The property's convenient location in St. Clair County, Illinois, provides easy access to major transportation routes and a strong local market. This is a rare opportunity to acquire a well-maintained, ready-to-occupy medical office building in a high-demand area.

    Property Features for 312 Belt

    General Information

    Property type
    Medical offices
    Square Feet
    4,212 SF
    Class
    B

    Building Details

    Year Built
    2003
    Stories
    1

    HighLights

    • $695,000 asking price.
    • 4,212 square foot medical office building.
    • Vacant, Class B property.
    • Located at 312 N Belt E, Swansea, IL 62226.
    • Single‑story building constructed in 2003.
    • Features include a pharmacy area, front reception/waiting room, and two private offices.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    Swansea
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9770801
    Latitude
    38.5338815

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    FAQs

    What type of property is this?
    Medical office - Vacant Medical Office, 4212 SF
    Where is this medical office located?
    The property is located at 312 Belt Swansea, IL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: $695,000 asking price.; 4,212 square foot medical office building.; Vacant, Class B property.
    Request Owner's contact information
    312 Belt Swansea, IL 62226
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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
    312 Belt Swansea, IL 62226
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