Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5606 Main St Belleville, IL 62226
    Back to Search
    Property profile & analytics

    5606 Main St, Belleville, IL 62226

    View on Map
    • Land
    • 2.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 5606 Main St

    Lot size
    2.50 lot acres
    Property type
    Land

    Description

    This exceptional 2.5-acre commercial land parcel presents a remarkable redevelopment opportunity in Belleville, Illinois. Strategically located at the highly visible, signalized intersection of West Main Street and Frank Scott Parkway, this property boasts exceptional visibility and accessibility. With a combined average daily traffic count exceeding 35,000 vehicles, this site offers unparalleled exposure for a wide range of commercial ventures. The property is zoned for commercial use, providing flexibility for various development plans. The existing structure, currently utilized as an office/showroom, could be repurposed or removed to accommodate new construction. The location is further enhanced by its proximity to Althoff Catholic High School and two bank branches, ensuring a consistent flow of foot traffic and potential clientele. The property's APN numbers are 08-07.0-302-013

    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
    -90.0341
    Latitude
    38.5479

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      Belleville Crossing St

      Land
      0 Belleville Crossing St, Belleville, IL 62226
      View Details
    • Value Estimation by Request
      31.00 Acres

      15 & Frank Scott Pkwy

      Land
      15 & Frank Scott Pkwy, Belleville, IL 62226
      View Details
    • Value Estimation by Request
      2.84 Acres

      2430 Old Collinsville Rd

      Land
      2430 Old Collinsville Rd, Belleville, IL 62226
      View Details
    • Value Estimation by Request
      2.00 Acres

      Sullivan Dr At Whispering Walk Way

      Land
      0 Sullivan Dr At Whispering Walk Way, Swansea, IL 62226
      View Details
    • Value Estimation by Request
      10.76 Acres

      4100 Sullivan Dr

      Land
      4100 Sullivan Dr, Belleville, IL 62226
      View Details
    • Value Estimation by Request
      1.76 Acres

      5940 Belleville Crossing St

      Land
      5940 Belleville Crossing St, Belleville, IL 62226
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Belleville Land For Sale

      Land available, ranging from 1.38 to 4.58 acres.
      5650 Belleville Crossing St, Belleville, IL 62226
      View Details
    • $53,900

      Swansea Land For Sale

      Land available in St. Clair County, Swansea, Illinois.
      1884/1886 Carrington Way, Swansea, IL 62226
      View Details
    • Contact for pricing

      Corner Lot with Utilities

      10 acres, divisible, zoned Planned Business, all utilities on site.
      1816 Llewellyn Rd, Belleville, IL 62226
      View Details
    • $1,190,000
      35.00 Acres

      35 Acres Development Land Swansea

      35 acres of prime development land in Swansea, Illinois.
      Smelting Works Rd, Swansea, IL 62226
      View Details
    • $225,000
      2.46 Acres

      Commercial Land in Swansea, IL

      2.46 acre commercial land parcel in Swansea, Illinois.
      140 Corporate Dr, Swansea, IL 62226
      View Details
    • Contact for pricing

      2.47 Acre Commercial Site

      Commercial site zoned D Planned Business with utilities on-site.
      Frank Scott Pkwy, Swansea, IL 62226
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      Wolf Creek Drive

      Discover many ways to work your way in Wolf Creek Drive
      12 Wolf Creek Dr, Swansea, IL 62226
      View Details
    • $19 SF/Yr

      Commercial Property for Lease

      Commercial property available for lease in Swansea, Illinois.
      4111 N Illinois St, Swansea, IL 62226
      View Details
    • Contact for pricing

      Belleville Retail Space Available

      Retail and office spaces available in Bellevue Park Plaza.
      4600 W Main St, Belleville, IL 62226
      View Details
    • Contact for pricing

      Belleville Retail Space For Lease

      Retail spaces available in power center near major retailers.
      5701-5875 Belleville Crossing St, Belleville, IL 62226
      View Details
    • Contact for pricing
      7,588 SF

      Retail Space with High Visibility

      Retail space available in a high-traffic Belleville location.
      4509-4519 W Main St, Belleville, IL 62226
      View Details
    • Contact for pricing

      Medical/Office Building with Walkout Basement

      3,000 SF medical/office building with finished walkout basement.
      3214 N Illinois St, Belleville, IL 62226
      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.
    5606 Main St
    Belleville, IL 62226
    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
    5606 Main St, Belleville, IL, 62226
    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!