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Property profile & analytics
OFF-MARKET
Neighborhood centers

4515 Illinois St Swansea, IL 62226

20,400 SF Built 1989
Property ID
Property summary
AI-generated overview

Lakeland Square, a single-story retail center in Belleville, Illinois (62226), offers multiple spaces for lease. Located at 4515 N Illinois St, this established center boasts 20,400 total square feet on a 1.86-acre lot and features convenient access and high visibility. Built in 1989, the property provides ample parking with a ratio of 3.1 spaces per 1,000 square feet. Currently, 2,400 square feet of space is vacant, divisible into units as small as 1,200 square feet, with a maximum contiguous space of 6,000 square feet. The property benefits from its location at a highly trafficked signalized intersection and enjoys excellent storefront and pylon signage opportunities. The center is undergoing exciting upgrades and renovations under new ownership, promising a revitalized shopping experience. The property's APN is 08-04.0-231-001. This prime location near Target offers exceptional potential for retail businesses seeking high visibility and convenient access. Seven spaces are currently available.

Property profile
Verified
Property type Neighborhood centers
Year built 1989
Total area 20,400 SF
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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