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    120 W Main St Belleville, IL 62220
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    Property profile & analytics

    120 W Main St, Belleville, IL 62220

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    • Commercial land
    • 0.13 lot acres
    For Sale
    $800,000
    View Listing →
    Multi-Unit Downtown Office Building For Sale
    $800,000
    10,300 SF

    Multi-Unit Downtown Office Building

    Well-maintained multi-unit building near the courthouse with office and commercial spaces and elevator access for a strong downtown presence.

    120 W Main Street, Belleville, IL 62220
    View Listing
    Property ID
    US28-5890416
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Old Title & Escrow Services Inc / Title Company
    • Sherer Law Offices / Law Firm
    • Slone J Israel / Law Firm
    • Adamsky Law, LLC / Law Firm
    • Fine cleaning Master / (Bike/Boat/Book/etc) Store

    Property Details for 120 W Main St

    Lot size
    0.13 lot acres
    Property type
    Commercial land
    APN
    08-21-0-443-047
    APU
    8210443047

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9864
    Latitude
    38.5132
    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
    2019
    $1,161
    $9,691
    $0.00
    $9,691
    -
    $29,073
    $0.00
    $29,073

    Comparable in this City

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      0.11 Acres

      1000 High St

      VACANT COMMERCIAL LAND
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      15 State St

      VACANT COMMERCIAL LAND
      15 State St, Belleville, IL 62220
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      0.06 Acres

      317 Main St

      VACANT COMMERCIAL LAND
      317 Main St, Belleville, IL 62220-1505
      View Details

    Similar Nearby for Sale

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      Prime Land Tracts Available

      Two separate land tracts with utilities and highway visibility.
      1124 Comwest Pkwy, Belleville, IL 62220
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      0.94 Acre Build to Suit

      0.94 acre build to suit opportunity off IL Route 159.
      1150 S Illinois St, Belleville, IL 62220
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      Land For Sale Development Opportunity

      Land available for sale fronting Illinois Route 159.
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      6,970 SF

      Land Near Historic Downtown Belleville

      0.16 acre lot near Historic Downtown Belleville.
      715 Ann St, Belleville, IL 62220
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      Corner Lot on South Belt

      0.72 acre corner lot with high traffic count.
      421 S Belt E, Belleville, IL 62220
      View Details
    • $150,000
      6.50 Acres

      Belleville Land Development Opportunity

      Residential land for builders or custom home in prime location.
      91-110 Westhaven Meadows Dr, Belleville, IL 62220
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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Land Available For Lease

      1.52 acres of light industrial land for lease.
      7 Monroe St, Belleville, IL 62220
      View Details
    • Contact for pricing

      Retail Suites Available For Lease

      Two retail suites available, suitable for various businesses.
      811 S Belt W, Belleville, IL 62220
      View Details
    • Contact for pricing
      24,286 SF

      Belleville Warehouse with Outdoor Storage

      24,286 SF warehouse with 1+ acre outdoor storage.
      400 West Monroe St, Belleville, IL 62220
      View Details
    • Contact for pricing
      700 SF

      Mixed-Use Investment Property For Sale

      Mixed-use property with retail, office, apartments, and warehouse space.
      305-309 N Illinois St, Belleville, IL 62220
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    • Contact for pricing
      17,986 SF

      Retail Space in Carlyle Plaza

      Retail space available in a busy shopping center.
      100-110 Carlyle Plaza Dr, Belleville, IL 62220
      View Details
    • Contact for pricing
      2,700 SF

      Downtown Belleville Office Space Available

      Office suites available in downtown Belleville near courthouse and amenities.
      15 N 1St St, Belleville, IL 62220
      View Details
    View Listing
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    120 W Main St
    Belleville, IL 62220
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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