0 Illinois St, Belleville, IL 62220
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.