Property profile

511 Main St Belleville, IL 62220

OFF-MARKET
Other commercial real estate
Property ID
US28-1816063
3,387 SF 0.24 ac lot Built 1872
Individually Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The Brass Lantern Lofts is an 1872 multi-unit loft building in downtown Belleville on a 0.24-acre lot, totaling approximately 5,100 square feet of living area. The property was revitalized in 2019 with extensive improvements, including new electrical, plumbing, interior walls, and HVAC on the main floor. It contains four loft units: three units on the ground floor comprise two two-bedroom, two-bath lofts of approximately 1,300 square feet each, each with its own courtyard, and one one-bedroom, one-bath loft of approximately 900 square feet with its own concrete patio. The upper-level unit is a three-bedroom, one-bath loft of approximately 1,600 square feet, updated with HVAC installed in 2022, and features a new deck and rear stairs added in the following year. Each unit includes stainless steel appliances and washer/dryer hookup areas. The building provides two parking spaces per unit (18 spaces total), with additional parking capacity available beyond the dedicated spaces. Utility responsibility is arranged so that water, sewer, and trash are covered for the ground floor units, while the upper unit pays its own water and sewer.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1872
Construction WOOD
Total area 3,387 SF
Lot 0.24 ac (10,454 SF)
APN 08-22-0-336-024
UPID US28-1816063

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

511 Main St Belleville, IL 62220-1652
Belleville metro Census 501802 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2026
4 recorded transactions
2026
$440,000
2018
Price N/A
2016
$25,000
2012
$20,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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