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    23 Public Sq Belleville, IL 62220

    • Commercial real estate
    • 13,028 SF
    • 1.46 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimation
    $795,000
    Location Intelligence
    Property ID
    US28-1602513
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Alora Designs / Interior Designer
    • Edward Jones - Financial Advisor: Patrick Oglesby / Financial Consultant / Finance Broker
    • Title IX Solutions / Consultant
    • Rhonda D Fiss Pc Law Office / Law Firm
    • Mathis Marifian & Richter Ltd: Flowers Beth K / Estate Appraiser

    Property Details for 23 Public Sq

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    1.46 lot acres
    Property size
    13,028 SF
    Property type
    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9836
    Latitude
    38.5142
    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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    Belleville, IL 62220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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