48 Empire Dr, Belleville, IL 62220-3415

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.