1520 Mascoutah Ave Belleville, IL 62220
For Sale
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This exceptional 1.29-acre commercial property at 1520 Mascoutah Avenue in Belleville, Illinois, presents a unique investment opportunity. Priced at $890,000, this meticulously maintained building offers over 12 individual offices, perfect for a variety of business needs. The layout includes a dedicated conference room, a welcoming lobby and reception area, two bathrooms, a sizable break room, and a versatile bull pen area. A significant advantage is the inclusion of a large warehouse/shipping and receiving area, ideal for businesses requiring storage or logistical operations. The property boasts modern infrastructure, including 3-phase electric, completely new plumbing, and recently installed gutters. Security is enhanced by a comprehensive system featuring cameras and HID access. A dedicated tech room, complete with an IT cage and backup battery, ensures reliable technological support. Ample parking is provided with a lot accommodating 60+ vehicles. Recent renovations include fresh paint, new commercial trim, cleaned carpets, and sanded and stained interior doors. The absence of load-bearing walls offers exceptional flexibility in layout and potential uses beyond traditional office space. This turnkey property is ready for immediate occupancy and presents a compelling opportunity for a discerning buyer.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.