648 Carlyle AveBelleville, IL 62221

Property Details for 648 Carlyle Ave

Year built

1977

Construction

STEEL FRAME

Lot size

0.73 AC

Property size (Sq ft)

3,557 SF

Property type

Retail properties

Property subtype

Banks

APN

08-23-0-401-076

APU

8230401076

Description

This exceptional 3,557-square-foot freestanding commercial building, located at 648 Carlyle Ave in Belleville, Illinois (zip code 62221), presents a unique investment opportunity. Currently operating as an A&W restaurant, this completely renovated property is ideally suited for a variety of uses, including retail, medical offices, or general office space. Its prime location in the heart of a bustling retail area ensures high visibility and excellent access for customers and employees. The building boasts prominent signage, including both building signage and a pylon sign, maximizing marketing potential. The asking price is $1,700,000. The property's versatile layout and high-traffic location make it an attractive prospect for savvy investors seeking a strong return on investment. Situated in St. Clair County, this property offers easy access to major transportation routes and a thriving local community. The building's recent renovation ensures it is move-in ready, minimizing upfront costs for the new owner. Don't miss this chance to acquire a highly visible and well-maintained commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,195,190

  6.5%

  $1,103,253

  7%

  $1,024,449

• Comparable approach

  Method

  Valuation

  Relative Method

  $698,805

  Geo Method

  $698,805

• Alternative Use

  Use

  Valuation

  Residential

  $930,635

  Hospitality

  $852,456

  Educational

  $709,234

  Medical

  $733,625

  Retail

  $1,103,253

Location Insight

City

Belleville

County

St. Clair

State

Illinois

Latitude

38.5162

Longitude

-89.9558

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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