23 Public SqBelleville, IL 62220

  • Other commercial real estate
  • 13,028 SF
For Lease
$20/SF/YR View listing

Property Details for 23 Public Sq

Year built
1985
Construction
STEEL FRAME
Lot size
1.46 AC
Property size (Sq ft)
13,028 SF
Property type
Other commercial real estate
APN
08-21-0-439-026
APU
8210439026

Description

This Class A, four-story commercial building at 23 Public Square in Belleville, IL (62220), offers a unique opportunity for businesses seeking executive office or retail space. Built in 1985 and renovated in 2005, the property boasts 61,898 square feet of total space, with a minimum divisible unit of 723 square feet and a maximum contiguous space of 4,263 square feet. Currently, 9,494 square feet are vacant and available for lease. The building features flexible floor plans suitable for various business needs, including executive offices and retail spaces. Ceiling heights range from 8 to 14 feet, providing ample space and a modern feel. The property sits on a one-acre lot and is zoned B-1. Ample parking is provided, with a ratio of 3 spaces per 1,000 square feet. Its prime location in historic downtown Belleville, directly across from the St. Clair County Courthouse, offers exceptional visibility and accessibility. The building's main floor lobby, with its views of the Public Square and fountain, would be ideal for a restaurant. The property is within walking distance of numerous restaurants and shops, providing employees and clients with convenient amenities. The APN is 08-21.0-439-026. This is a rare opportunity to secure high-quality commercial space in a vibrant and desirable location.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,408,578
    Hospitality
    $3,122,239
    Educational
    $2,597,666
    Medical
    $2,687,004
    Retail
    $4,040,814
23 Public Sq, Belleville, Illinois
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Location Insight

City
Belleville
County
St. Clair
State
Illinois
Latitude
38.5142
Longitude
-89.9836
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
$85,767
$76,920
$718,220
$795,140
-
$230,760
$2,154,660
$2,385,420

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