423 Illinois St Belleville, IL 62220

Property Details for 423 Illinois St

Lot size

0.11 lot acres

Property type

Commercial real estate

APN

08-21-0-412-021

APU

8210412021

Description

This exceptional investment opportunity presents a profitable, established daycare and preschool for sale in Belleville, Illinois. Located at 423 S Illinois St, this property encompasses 13,770 square feet on a 0.53-acre lot, featuring a main building constructed in 1932 and extensively renovated in 2020. The property includes four classrooms on the lower walk-out level and three additional classrooms on the upper floor. Upper-level amenities include a large cafeteria, a fully equipped kitchen, a private office, and a staff breakroom/kitchenette. The center boasts two fenced-in playgrounds and ample parking for 26 vehicles on asphalt surfaces. The building is fully sprinklered and zoned C-1 Light Commercial. Currently operating at over 80% capacity (seasonal), with a maximum permitted enrollment of 97 children, this daycare has experienced a remarkable 33% annual increase in net operating income since 2021. The sale includes all furniture, fixtures, and equipment (FF&E) related to the business, along with the real estate across three parcels. The property's ceiling height is 7'10". A fourth parcel, potentially an additional rental house, may also be available for purchase separately. The asking price for this turnkey operation is $950,000, representing a price per square foot of $68.99. Detailed financial information is available upon request. The property's APN is 08-28.0-215-015 08-28.0-215-019 08-28.0-215-007.