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    Property profile & analytics

    312 Belt Swansea, IL 62226

    • Commercial real estate
    • 4,212 SF
    • 1.31 lot acres
    For Sale
    View listing
    $695,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-1885108
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 312 Belt

    Year built
    2003
    Construction
    WOOD
    Lot size
    1.31 lot acres
    Property size
    4,212 SF
    Property type
    Commercial real estate
    APN
    08-15-0-103-032
    APU
    8150103032

    Description

    This exceptional 4,212-square-foot medical office building, located at 312 N Belt E in Swansea, Illinois (zip code 62226), presents a unique investment opportunity. Priced at $695,000, this single-story, Class B building was constructed in 2003 and is currently vacant. The property boasts a desirable location on a main thoroughfare, offering excellent visibility and accessibility. Previously used as a veterinary hospital, the space features a dedicated pharmacy area, a spacious front reception and waiting room, and two private offices. The building's versatile layout allows for a variety of medical uses, or even potential conversion for daycare purposes. Recent improvements include a new roof and interior paint, completed within the last two years, ensuring the property is well-maintained and ready for immediate occupancy. The previous practice vacated in October 2023, and some legacy hospital items may be available. This property offers a strong foundation for a new medical practice or a savvy investor seeking a prime location in a thriving community. The property's convenient location in St. Clair County, Illinois, provides easy access to major transportation routes and a strong local market. This is a rare opportunity to acquire a well-maintained, ready-to-occupy medical office building in a high-demand area.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Swansea
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9768
    Latitude
    38.534
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,345
    $11,649
    $132,719
    $144,368
    -
    $34,947
    $398,157
    $433,104

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    312 Belt
    Swansea, IL 62226
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    Realmo Value Estimation

    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.

    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.

    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
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