Turnkey Auto Body Business
For Sale
Contact for pricing
222 W A St, Belleville, IL 62220
5,335 SF industrial building with established auto body business.
Property Size5,335 SF
Price / SF$77.79
Days on Market751
Property Features for 222 W A St
General Information
Standard status
Active
Size
5,335 SF
Class
C
Total Parking Spaces
30
Property subtype
Industrial, Retail
Zoning
C-1
Building Details
Year Built
1953
Year Renovated
1973
Buildings
1
Stories
1
Units
1
Listing Agency:
Barbermurphy Group
(618) 407-4240
Listed By:
Tony Smallmon · License #IL 475120946
Source:
Crexi
Added: Jul 31, 2024
Changed: Aug 12
Last Checked: Aug 20 at 7:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Barbermurphy Group
Investment Insights
Based on property information with market context.
This property features a 5,335 SF industrial block building with 14-foot ceilings, currently operating as a fully equipped auto body shop. The offering includes both the real estate and the established business, providing a turnkey opportunity with existing equipment and infrastructure. The facility is located three blocks west of the Downtown Belleville Square.
Key Highlights
- Turnkey Auto Body Business: Acquire the real estate and a fully operational, established auto body business.
- Fully Equipped: Sale includes all necessary equipment and infrastructure.
- Spacious Industrial Building: 5,335 SF industrial block building with 14‑foot ceilings.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,303
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$686,060
$686.1K
Cap Rate 7%
$490,043
$490.0K
Cap Rate 9%
$381,144
$381.1K
Market Conditions
NOI Build-Up for 5,335 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.9K $9.72/SF
− Vacancy
−$2.9K −$0.53/SF
EGI
$49.0K $9.19/SF
− OpEx
−$14.7K −$2.76/SF
NOI
$34.3K $6.43/SF
Area
St. Clair County, IL
Vacancy
5.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$686,060
Cap Rate 7%
$490,043
Cap Rate 9%
$381,144
Alternative Uses
Best Use
Retail
$761.5K
$666.3K – $888.4K
NOI $53,306 @ 7.0% cap · market cap 12.84%
Second Best
Industrial
$490.0K
$428.8K – $571.7K
NOI $34,303 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$1.26M
$1.11M – $1.47M
NOI $88,409 @ 7.0% cap · market cap 21.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,358
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62220, IL
19,474
Population
8,784
Households
2.2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
28.9 sq mi
ZIP Area
674
Density / Sq Mi
$65,261
Median Household Income
$37,105
Median Earnings
$976
Median Rent
$141,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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- Auffenberg Preowned Belleville — 920 S Illinois St, Belleville, IL 62220
- Auffenberg Body Shop — 901 S Illinois St, Belleville, IL 62220
- Auffenberg Ford, Inc. Service — 901 S Illinois St, Belleville, IL 62220
Frequently Asked Questions
What type of property is this?
Auto shop - 5,335 SF industrial building with established auto body business.
Where is this auto shop located?
The property is located at 222 W A St Belleville, IL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Turnkey Auto Body Business: Acquire the real estate and a fully operational, established auto body business.; Fully Equipped: Sale includes all necessary equipment and infrastructure.; Spacious Industrial Building: 5,335 SF industrial block building with 14‑foot ceilings.
