4320 Main StBelleville, IL 62226

Property Details for 4320 Main St

Year built

1974

Lot size

1.28 AC

Property size (Sq ft)

4,323 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

08-18-0-215-027

APU

8180215027

Description

This exceptional 4,323-square-foot retail space, located at 4320 W Main Street in Belleville, Illinois (62226), presents a unique investment opportunity. Previously a Steak 'n Shake restaurant, the property boasts a convenient drive-thru window, a substantial walk-in cooler for food storage, a dedicated wash station, ample prep areas, and most essential kitchen equipment already in place. The single-tenant building, constructed in 1974 and renovated in 2017, is situated on a single story and offers 67 parking spaces, ensuring convenient access for customers. Currently vacant, this property is zoned C-1, providing flexibility for a variety of restaurant concepts. Its prime location on West Main Street benefits from high traffic volume, surrounded by numerous other retail and quick-service restaurants. The property enjoys a strong demographic advantage, with a population density exceeding 100,000 residents within a 5-mile radius, guaranteeing a substantial customer base. The property's APN is 08-18.0-215-027. This turnkey restaurant space is ready for immediate occupancy and poised for success. The existing infrastructure significantly reduces start-up costs and allows for a rapid launch of operations. Don't miss this chance to establish your business in a thriving Belleville location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,452,574

  6.5%

  $1,340,838

  7%

  $1,245,064

• Comparable approach

  Method

  Valuation

  Relative Method

  $849,293

  Geo Method

  $849,293

• Alternative Use

  Use

  Valuation

  Residential

  $1,131,047

  Hospitality

  $1,036,033

  Educational

  $861,967

  Medical

  $891,612

  Retail

  $1,340,838

Location Insight

City

Belleville

County

St. Clair

State

Illinois

Latitude

38.5387

Longitude

-90.0218

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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