48 Empire Dr Belleville, IL 62220-3415
Property profile & analytics
48 Empire Dr Belleville, IL 62220-3415
- Industrial properties
- 7,920 SF
- 2.33 lot acres
Property ID
US28-2750705
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.
Location Intelligence
Current Use by Public Records
- Industrial properties
Property Details for 48 Empire Dr
- Year built
- 1992
- Construction
- STEEL FRAME
- Lot size
- 2.33 lot acres
- Property size
- 7,920 SF
- Property type
- Industrial properties
- APN
- 08-25-0-303-041
- APU
- 8250303041
Description
This exceptional 13,000-square-foot warehouse, located at 48 Empire Drive in Belleville, Illinois, presents a compelling investment opportunity. Built in 1992, this single-story industrial property sits on a 2.33-acre lot within the Belle Valley Industrial Park, offering convenient access to Illinois Routes 15 and 158. The warehouse boasts a 26-foot ceiling height, providing ample storage space, and includes 30 parking spaces for employees and clients. Currently fully occupied with NNN leases, the property generates a substantial net operating income (NOI) of $65,000 annually, translating to an attractive 8.50% capitalization rate. The asking price is $812,500, representing a price per square foot of $62.50. The property is zoned D-1 and its APN is 08-25.0-303-041. The existing leases offer built-in rent bumps, ensuring future income growth. This property offers a strong combination of location, income, and potential for appreciation, making it an ideal addition to any investment portfolio. Additional land (over 1 acre) provides expansion possibilities. Don't miss this chance to acquire a high-performing industrial asset in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $850,000
- 6.5%
- $785,000
- 7%
- $725,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $459,000
- AI Estimate
- $581,000
Market price range: $219k - $459kMarket price range: $236k - $582k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $635,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Belleville
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.9442
- Latitude
- 38.4983
- 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
2023
$20,904
$28,478
$169,266
$197,744
-
$85,434
$507,798
$593,232
