10 Grove Ave Belleville, IL 62221
- Commercial real estate
- 1.40 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 10 Grove Ave
- Year built
- 1900
- Lot size
- 1.40 lot acres
- Property type
- Commercial real estate
Description
This exceptional 1.4-acre commercial property in Belleville, Illinois presents a compelling investment opportunity for developers and investors. Strategically located on Grove Avenue, directly off Lebanon Avenue, this lot boasts approximately 450 feet of frontage and benefits from a high average daily traffic count of approximately 12,400 vehicles. The property's C-2 Heavy Commercial District zoning within the City of Belleville Zoning Jurisdiction offers considerable flexibility, although any use outside current zoning requires City approval. Public utilities are available on-site but will require reconnection by the new owner. Adding to its appeal, the property generates an annual income of $500 from a rented billboard space. The sale also includes a storage building, previously used as a residential structure. This property's prime location offers easy access to major Metro East thoroughfares and surrounding communities. Note that this sale encompasses two parcels (08-14.0-100-027 & 100-027) sold together, with the listed tax amount reflecting both. The property is being sold "as is." This is a rare opportunity to acquire a high-visibility commercial lot with existing income streams and significant development potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Belleville
- County
- St Clair-IL
- State
- Illinois
- Longitude
- -89.9634
- Latitude
- 38.5356
