112 Main St Belleville, IL 62220

Property Details for 112 Main St

Year built

1887

Construction

WOOD

Lot size

0.14 lot acres

Property size

5,482 SF

Property type

Commercial real estate

APN

08-22-0-338-044

APU

8220338044

Description

This exceptional investment opportunity presents a six-building commercial portfolio totaling 57,615 square feet, ideally situated in Belleville, Illinois's vibrant downtown commercial district. The portfolio comprises six properties located at various addresses on East Main Street and South High Street, all within a single block of the town square. The buildings, constructed in 1887 and extensively renovated in 2019, boast a mix of retail and office space, currently classified as Class B. The portfolio features over 28,000 square feet of street-level finished retail space, already fully leased, complemented by over 1,500 square feet of mezzanine/office space and approximately 10,000 square feet of finished lower-level space. An additional 6,259 square feet of lower-level storage space is also included. Significant potential exists for further development, with over 25,000 square feet across the second and third floors suitable for conversion into office space, lofts, or apartments. The property benefits from convenient access via entrances on both East Main Street and South High Street, and a city-approved parking plan is in place. The property sits within a Tax Increment Financing (TIF) district and Enterprise Zone, offering potential tax advantages. The combined APN numbers are 08-22.0-338-051, 08-22.0-338-029, 08-22.0-338-048, 08-22.0-338-044, 08-22.0-338-043, and 08-22.0-338-017. The asking price for this multi-tenant property is $1,625,000. The 0.62-acre lot is zoned C-2 Heavy Commercial.

Location Insight

City

Belleville

County

St. Clair

State

Illinois

Longitude

-89.9822

Latitude

38.5133

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments