Belleville Retail/Office
648 Carlyle Ave Belleville, IL 62221
648 Carlyle Ave, Belleville, IL, 62221
Contact for pricing
For Sale
Contact for pricing
Retail/office space available for sale in Belleville, Illinois.
Property Size3,557 SF
Price / SF$275.51
Days on Market688
Property Features for 648 Carlyle Ave
General Information
- Standard status
- Active
- Size
- 3,557 SF
- Property subtype
- Office, Retail
Listing Agency
NAI DESCO - St. Louis
(314) 994-4292
Listed by
Jeff Eisenberg · License #MO 1999006126
Source
Crexi
Added: Aug 30, 2024 Checked: Jul 16 at 12:43 pm
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 NAI DESCO - St. Louis
Investment Insights
Based on property information with market context.
This commercial property in Belleville, Illinois, offers 3,557 square feet of retail and office space and is available for sale. The property is suitable for both retail and office use.
Key Highlights
- No property information was provided to extract selling points.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.3k | $19.20 |
| − Vacancy | −$13.3k | −$3.74 |
| EGI | $55.0k | $15.46 |
| − OpEx | −$13.7k | −$3.86 |
| NOI | $41.2k | $11.59 |
3,557 SF · lease $19.20/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$589.0K
$515.4K – $687.2K
NOI $41,233 @ 7.0% cap · market cap 4.21%
Second Best
Retail
$507.7K
$444.3K – $592.4K
NOI $35,541 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$842.1K
$736.8K – $982.4K
NOI $58,945 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
A&W Restaurant
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail/office space available for sale in Belleville, Illinois.
Where is this retail space located?
The property is located at 648 Carlyle Ave Belleville, IL.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: No property information was provided to extract selling points.
