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Property profile & analytics
OFF-MARKET
Land

1537 Centreville Ave Belleville, IL 62220

Property ID
Property summary
AI-generated overview

This exceptional 0.86-acre (37,462 square feet) commercial and residential lot presents a prime development opportunity in Belleville, Illinois. Located on Centreville Avenue (Route 158), this property boasts 220 feet of frontage, offering multiple access points for optimal design flexibility. The lot's dimensions are ideally suited for development, measuring approximately 220 feet by 170 feet. Zoned MR-2 Multi-Family, this site allows for the construction of in-demand residential units. Situated in a well-established neighborhood surrounded by single-family homes, this location ensures high demand for multi-family housing. The asking price is $49,000, translating to an attractive price per square foot of $1.79. This represents an excellent value in a growing market, making it an ideal investment for developers seeking to capitalize on the strong demand for multi-family housing in Belleville. The property's APN is 08-29.0-404-070. This prime location and favorable zoning regulations make this a truly unique opportunity for a profitable development project. The property's address is 1537 Centreville Ave, Belleville, IL 62220.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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