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Property profile & analytics
FOR SALE
Commercial real estate

1520 Mascoutah Ave Belleville, IL 62220

8,454 SF 1.29 ac lot Built 1961
Trust Owned 12-yr Hold Absentee Owner Free & Clear
Property ID
US28-1989951
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1961
Construction WOOD
Total area 8,454 SF
Lot 1.29 ac (56,192 SF)
APN 08-26-0-111-076
UPID US28-1989951
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$679k
Blend (final) Blend
$795k
Owner & transaction history
Yociss,david P Trust · 12 yrs held
Yociss,david P Trust
since 2014
1 recorded transaction
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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