4422 Main St Belleville, IL 62226
- Commercial real estate
- 0.51 lot acres
Current Use by Public Records
- McDonald's / Coffee Shop / Hamburger Restaurant
Property Details for 4422 Main St
- Lot size
- 0.51 lot acres
- Property type
- Commercial real estate
- APN
- 08-18-0-213-014
- APU
- 8180213014
Description
This exceptional 4,500 square foot vacant commercial property, formerly a McDonald's restaurant, presents a unique investment opportunity in Belleville, Illinois. Located at 4422 W Main Street, this property sits on a sizable 1.39-acre lot and boasts ample parking. The building's previous use as a McDonald's highlights its suitability for a quick-service restaurant or similar high-traffic business. The property is conveniently situated just one mile from Memorial Hospital Belleville, ensuring high visibility and accessibility. While the building is currently vacant, its history as a successful fast-food establishment speaks to its potential. Note that a deed restriction is in place, prohibiting the sale of food and beverages for a period of 20 years. This restriction should be carefully considered by prospective buyers. The asking price for this property is $787,500. The property is zoned for retail use and includes a drive-thru. This presents a rare chance to acquire a well-located, substantial commercial property with significant redevelopment potential. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $310,000
- 6.5%
- $325,000
- 7%
- $320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $295,000
- Geo Method
- $325,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $265,000
- Mixed-Use
- $305,000
- Hospitality
- $335,000
- Educational
- $280,000
- Residential Income
- $335,000
- Energy
- $310,000
- Income-Based Land
- $340,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Belleville
- County
- St. Clair
- State
- Illinois
- Longitude
- -90.0232
- Latitude
- 38.5399
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA