Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    614 89Th St Belleville, IL 62203
    Back to Search
    Property profile & analytics

    614 89Th St Belleville, IL 62203

    View on Map
    • Retail properties & Spaces
    • 10,294 SF
    • 1.88 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 614 89Th St

    Lot size
    1.88 lot acres
    Property size
    10,294 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional Belleville, Illinois, commercial property presents a unique opportunity for businesses seeking a prominent location. Situated in a highly visible strip center at the city's entrance, this single-story building offers 3,294 square feet of immediately available space within a larger 10,294 square foot complex. The space boasts a versatile open floor plan, easily adaptable to various business needs. Two restrooms and a circuit breaker electric panel are included. The property benefits from a convenient location at a signalized intersection on West Main St, ensuring high visibility and easy access for clients and employees. Ample parking is provided with 42 spaces available for the entire center. The building is classified as Class C and sits on a 1.88-acre lot. The property is suitable for a variety of uses, including traditional office and medical office spaces, as indicated by its mixed-use zoning. The minimum divisible space is 3,294 square feet, and the maximum contiguous space available is also 3,294 square feet. This presents an ideal opportunity for a business seeking a well-located, adaptable space in a thriving Metro East submarket. The property's strategic location and ample parking make it an attractive option for businesses seeking high visibility and convenient access. The available space is part of a multi-tenant building with a total of 10,294 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.0596
    Latitude
    38.5888

    Comparable in this City

    • Value Estimation by Request
      1,247 SF

      5901 State St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,247 SF
      5901 State St, East Saint Louis, IL 62203-1402
      View Details
    • Value Estimation by Request
      4,204 SF

      8213 State St

      SERVICE STATION (FULL SERVICE) • 4,204 SF
      8213 State St, East Saint Louis, IL 62203-1924
      View Details
    • Value Estimation
      $590,000
      4,142 SF

      8315 State St

      CONVENIENCE STORE • 4,142 SF
      8315 State St, East Saint Louis, IL 62203
      View Details
    • Value Estimation by Request
      3,034 SF

      8405 State St

      FINANCIAL BUILDING • 3,034 SF
      8405 State St, East Saint Louis, IL 62203-1928
      View Details
    • Value Estimation by Request
      9,672 SF

      8740 State St

      FINANCIAL BUILDING • 9,672 SF
      8740 State St, East Saint Louis, IL 62203-2048
      View Details
    • Value Estimation by Request
      1,300 SF

      572 86th St

      FINANCIAL BUILDING • 1,300 SF
      572 86th St, East Saint Louis, IL 62203-2546
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,144 SF

      Retail Property in East Saint Louis

      Retail property for sale with 1,144 square feet of space.
      5901 State St, East Saint Louis, IL 62203
      View Details
    • Contact for pricing

      Tillable Land Near Highway

      22.9 tillable acres and 0.5 wooded acres.
      7300 St Clair Ave, E St Louis, IL 62203
      View Details
    • Contact for pricing

      Caseyville Land Opportunity

      Land available in Caseyville, Illinois.
      1290 N 71St St, Caseyville, IL 62203
      View Details
    • Contact for pricing
      0.18 Acres

      Residential Land in Cahokia, Illinois

      Vacant land suitable for building or mobile home.
      319 83Rd St, Cahokia, IL 62203
      View Details
    • Contact for pricing
      0.17 Acres

      Residential Lot in East St. Louis

      Vacant residential lot, buildable, utilities nearby, convenient location.
      659 N 70Th St, East St Louis, IL 62203
      View Details
    • $300,000
      0.62 Acres

      Multi-Unit Investment Opportunity in Illinois

      Two buildings with 17 units, ideal for investors.
      6500 Saint Clair Ave, East St Louis, IL 62203
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    614 89Th St
    Belleville, IL 62203
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    614 89Th St, Belleville, IL, 62203
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!