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Property profile & analytics
OFF-MARKET
Commercial real estate

400 Carlyle Ave Belleville, IL 62221

4,050 SF 0.5 ac lot Built 1966
Property ID
US28-0070127
Property summary
AI-generated overview

This exceptional 4,050-square-foot commercial building, situated on a half-acre lot in Belleville, Illinois, presents a unique investment opportunity. Built in 1966 and renovated in 1995, this Class C property boasts a prime location across from Walgreens and the Belleville Fire Department on Carlyle Avenue, benefiting from high visibility and an average daily traffic count of 12,300 vehicles at the nearby intersection of Carlyle and McClintock Avenues. The main level currently features a reception/retail area, two restrooms, a kitchen counter, multiple hair stations, two treatment rooms, and dedicated manicure and pedicure areas, reflecting its previous use as a salon. However, the adaptable layout allows for repurposing into approximately five individual offices. The lower level includes a kitchenette with laundry facilities, two additional treatment rooms, a large storage area, and an office. The property includes ample parking with 20 spaces and is zoned C-1. The asking price is $300,000, translating to $74.07 per square foot. A prominent marquee sign enhances visibility. The salon business, equipment, inventory, and assets are sold separately. This versatile property offers significant potential for a variety of commercial uses. The property's address is 400 Carlyle Ave, Belleville, IL 62221, and its APN is 08-23.0-312-018.

Property profile
Verified
Property type Commercial real estate
Year built 1966
Total area 4,050 SF
Lot 0.5 ac (21,780 SF)
APN 08-23.0-312-018
UPID US28-0070127
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
Current use
Occupant on record · Public records
  • Elite Retreat Day Spa & Salon Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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