Property profile

0 Illinois St Belleville, IL 62220

OFF-MARKET
Land
3.5 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 3.5-acre commercial development site presents a unique investment opportunity in Belleville, Illinois. Strategically located at the signalized intersection of South Illinois Street and Westhaven School Road, this level lot boasts 710 feet of frontage and enjoys high visibility due to its prominent corner location. The property is zoned A-1 Single Family Residence District, offering flexibility for various development projects. All utilities are readily available, simplifying the development process. The site benefits from a high average daily traffic count of 10,300 vehicles, ensuring significant exposure for any future development. Furthermore, its location within the Lower Richland Creek Tax Increment Financing (TIF) district may offer potential economic incentives. This property is conveniently situated just one mile from Illinois Route 15, providing easy access to major transportation arteries. The site is also suitable for subdivision, presenting an opportunity to create multiple parcels. The land value is $5.25 per square foot. The APN is 08-34.0-302-026. This prime location and versatile zoning make this a compelling opportunity for developers seeking a high-impact project in a thriving area. Don't miss this chance to acquire a significant piece of Belleville real estate.

Property profile

Verified
Property type Land
Lot 3.5 ac (152,460 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Illinois St Belleville, IL 62220
Belleville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Illinois St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message