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    601 Carlyle Ave Belleville, IL 62221

    Sponsored
    For Sale
    $299,000

    2600 SF, High-Traffic Location, $299K

    Property size:
    2,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 2,600 square foot retail space, formerly an IHOP, is available for $299,000. Located at 601 Carlyle Avenue in Belleville, Illinois (zip code 62221), this property boasts a high-visibility location with 17,500 average daily traffic counts. The single-story building sits on a 0.55-acre lot and includes 38 parking spaces. Built in 1973 and partially renovated in 2017, the property features C-2 zoning, offering flexibility for conversion to office or retail use. All equipment (excluding leased items) is included in the sale price of $299,000, translating to $115 per square foot. The property's APN is 08-23.0-305-017. This presents a unique opportunity for investors and entrepreneurs seeking a well-located, adaptable commercial space in a thriving area of St. Clair County. The building's past use as a restaurant provides a solid foundation for a variety of potential businesses. The ample parking and high traffic volume ensure excellent visibility and accessibility for customers.

    Property Features for 601 Carlyle Ave

    General Information

    Property type
    Restaurants
    Square Feet
    2,600 SF
    Lot Size
    23,958 SF

    Building Details

    Year Built/Renovated
    1973/2017
    Buildings
    1
    Stories
    1

    HighLights

    • 2,600 SF former IHOP restaurant for sale at $299,000.
    • High‑visibility location with 17,500 average daily traffic count.
    • C‑2 zoning allows for office or retail conversion.
    • All equipment (excluding leased items) included in sale price.
    • Partially renovated in 2017.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    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
    -89.9572633
    Latitude
    38.5166183

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    FAQs

    What type of property is this?
    Restaurant - 2600 SF, High-Traffic Location, $299K
    Where is this restaurant located?
    The property is located at 601 Carlyle Ave Belleville, IL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 2,600 SF former IHOP restaurant for sale at $299,000.; High-visibility location with 17,500 average daily traffic count.; C-2 zoning allows for office or retail conversion.
    Request Owner's contact information
    601 Carlyle Ave Belleville, IL 62221
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    Belleville, IL 62221
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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
    601 Carlyle Ave Belleville, IL 62221
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