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    648 Carlyle Ave Belleville, IL 62221

    • Banks
    • 3,557 SF
    • 0.73 lot acres
    For Sale
    View listing
    $1,700,000
    Value Estimation
    Last Sale
    Apr 22, 2022
    $215,000
    Location Intelligence
    Property ID
    US28-2582328
    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

    • A&W Restaurant / Restaurant

    Property Details for 648 Carlyle Ave

    Year built
    1977
    Construction
    STEEL FRAME
    Lot size
    0.73 lot acres
    Property size
    3,557 SF
    Property type
    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $170,000

    • CAP approach

      CAP return
      Estimation
      6%
      $215,000
      6.5%
      $240,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $225,000
      Geo Method
      $275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $260,000
      Retail
      $210,000
      Mixed-Use
      $230,000
      Hospitality
      $270,000
      Educational
      $260,000
      Residential Income
      $270,000
      Energy
      $250,000
      Income-Based Land
      $230,000
      Food Service
      $255,000

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9558
    Latitude
    38.5162
    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
    $10,915
    $80,032
    $23,226
    $103,258
    -
    $240,096
    $69,678
    $309,774

    Comparable in this City

    • Value Estimation
      $665,000
      5,872 SF

      2020 Belt E

      FINANCIAL BUILDING • 5,872 SF
      2020 Belt E, Belleville, IL 62221-5505
      View Details
    • Value Estimation
      $460,000
      3,136 SF

      1900 Carlyle Ave

      FINANCIAL BUILDING • 3,136 SF
      1900 Carlyle Ave, Belleville, IL 62221-4564
      View Details
    • Value Estimation
      $1,075,000
      5,456 SF

      2 Carlyle Plz Dr

      FINANCIAL BUILDING • 5,456 SF
      2 Carlyle Plz Dr, Belleville, IL 62221-6677
      View Details
    • Value Estimation
      $985,000
      3,126 SF

      360 Grn Mt Rd

      FINANCIAL BUILDING • 3,126 SF
      360 Grn Mt Rd, Belleville, IL 62221-5881
      View Details
    • Value Estimation
      $540,000
      5,010 SF

      1817 Central Plz Dr

      FINANCIAL BUILDING • 5,010 SF
      1817 Central Plz Dr, Belleville, IL 62221
      View Details
    • Value Estimation by Request
      3,196 SF

      655 Carlyle Ave

      FINANCIAL BUILDING • 3,196 SF
      655 Carlyle Ave, Belleville, IL 62221-6224
      View Details

    Similar Nearby for Sale

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      Renovated Retail Building For Sale

      Freestanding, renovated retail building in high-traffic area.
      648 Carlyle Ave, Belleville, IL 62221
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      Restaurant Building For Sale

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      Freestanding Retail Building on Carlyle

      8,417 SF retail building on 0.99 acres for sale.
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      Belleville Commercial Building with Equipment

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      Belleville Retail & Office Building

      Prime Location, 3,557 SF, $1.7M
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    Similar Nearby for Lease

    • $12 SF/Yr
      23,600 SF

      Retail Space For Lease

      Retail spaces available with monument and building signage.
      1620-1680 Lebanon Ave, Belleville, IL 62221
      View Details
    • Contact for pricing
      5,856 SF

      Retail Space in Belleville, IL

      Retail space available in a busy shopping center.
      654-658 Carlyle Ave, Belleville, IL 62221
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Carlyle Plaza

      Retail space available in a busy shopping center.
      20-76 Carlyle Plaza Dr, Belleville, IL 62221
      View Details
    • Contact for pricing
      17,986 SF

      Retail Space in Carlyle Plaza

      Retail space available in a busy shopping center.
      100-110 Carlyle Plaza Dr, Belleville, IL 62221
      View Details
    • Contact for pricing
      3,410 SF

      Retail Space in Belleville, IL

      Retail space available for lease in Belleville, Illinois.
      1611 W Main St, Belleville, IL 62221
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Near Major Retailers

      Retail space in high-traffic location near Belleville East High School.
      651 Carlyle Ave, Belleville, IL 62221
      View Details
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    Belleville, IL 62221
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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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