29 64Th St Belleville, IL 62223
- Commercial real estate
- 14,592 SF
- 4.09 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 29 64Th St
- Year built
- 1963
- Construction
- WOOD
- Lot size
- 4.09 lot acres
- Property size
- 14,592 SF
- Property type
- Commercial real estate
- APN
- 07-12-0-213-023
- APU
- 7120213023
Description
This exceptional three-story, 40,896 square foot building situated on a generous 4.09-acre lot presents a compelling investment opportunity in Belleville, Illinois. Currently zoned C-1 Light Commercial District, the property offers remarkable versatility. The building features an elevator, ample parking, and is ideally suited for a variety of uses. Potential redevelopment options include, but are not limited to, hotel, apartment complex, senior housing, or self-storage facility. The existing structure provides significant square footage for immediate occupancy or renovation, catering to diverse business needs. The expansive lot size allows for future expansion or additional development. The property's location in Belleville, IL, offers convenient access to major transportation routes and a thriving local community. The asking price is $399,000, translating to a price per square foot of $9.76. Permitted uses under the current zoning include office spaces, single-family homes, and funeral homes. Special use permits could allow for industrial uses, multi-use residential developments, solar farms, cannabis dispensaries, daycare centers, and nursing homes. This property represents a rare chance to acquire a substantial building with significant upside potential in a desirable location. Detailed zoning information and permitted uses are available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $100,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $140,000
- 6.5%
- $135,000
- 7%
- $145,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $125,000
- Geo Method
- $145,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $130,000
- Retail
- $130,000
- Mixed-Use
- $125,000
- Hospitality
- $120,000
- Educational
- $125,000
- Residential Income
- $140,000
- Energy
- $125,000
- Income-Based Land
- $155,000
- Food Service
- $145,000
Location Insight
- Map
- Local Demand
- City
- Belleville
- County
- St. Clair
- State
- Illinois
- Longitude
- -90.0383
- Latitude
- 38.555
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA