421 BeltBelleville, IL 62220

Property Details for 421 Belt

Year built

1957

Lot size

0.72 AC

Property size (Sq ft)

2,728 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

08-27-0-311-022

APU

8270311022

Description

This exceptional 0.72-acre commercial lot, located at 421 South Belt East in Swansea, Illinois (zip code 62220), presents a unique development opportunity. Situated on a high-traffic corner at the intersection of South Belt East and Freeburg Avenue, this property boasts a daily traffic count of 13,000 vehicles. A proposed roundabout at the intersection is expected to further enhance visibility and accessibility. The lot is zoned C-2 Heavy Commercial, providing flexibility for a variety of commercial uses. The existing building, totaling 31,363 square feet, is vacant, offering a clean slate for new construction or redevelopment. The net rentable area is 2,728 square feet. Built in 1957, the property includes all utilities on-site and offers ample parking for 40 vehicles. Its convenient location offers close proximity to Illinois Route 15, various fast-food restaurants, the Belleville Fair Grounds, and convenience stores. The property's APN is 08-27.0-311-022. This prime location and versatile zoning make this an ideal investment for developers seeking high-visibility commercial space in a thriving area. The property is currently vacant, offering immediate development potential.

• CAP approach

  CAP return

  Valuation

  6%

  $916,637

  6.5%

  $846,127

  7%

  $785,689

• Comparable approach

  Method

  Valuation

  Relative Method

  $535,941

  Geo Method

  $535,941

• Alternative Use

  Use

  Valuation

  Residential

  $713,740

  Hospitality

  $653,782

  Educational

  $543,939

  Medical

  $562,646

  Retail

  $846,127

Location Insight

City

Belleville

County

St. Clair

State

Illinois

Latitude

38.5028

Longitude

-89.9781

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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