421 Belt E Belleville, IL 62220-2651
This exceptional 0.72-acre commercial lot, located at 421 South Belt East in Swansea, Illinois (zip code 62220), presents a unique development opportunity. Situated on a high-traffic corner at the intersection of South Belt East and Freeburg Avenue, this property boasts a daily traffic count of 13,000 vehicles. A proposed roundabout at the intersection is expected to further enhance visibility and accessibility. The lot is zoned C-2 Heavy Commercial, providing flexibility for a variety of commercial uses. The existing building, totaling 31,363 square feet, is vacant, offering a clean slate for new construction or redevelopment. The net rentable area is 2,728 square feet. Built in 1957, the property includes all utilities on-site and offers ample parking for 40 vehicles. Its convenient location offers close proximity to Illinois Route 15, various fast-food restaurants, the Belleville Fair Grounds, and convenience stores. The property's APN is 08-27.0-311-022. This prime location and versatile zoning make this an ideal investment for developers seeking high-visibility commercial space in a thriving area. The property is currently vacant, offering immediate development potential.
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ATM (Gas Mart USA) Atm
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
No recorded transactions found for this property.
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.