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Property profile & analytics
FOR SALE
Drive through restaurants

601 Carlyle Ave Belleville, IL 62221

2,600 SF 0.56 ac lot Built 1973
Entity Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US28-2167508
Property summary
AI-generated overview

This 2,600 square foot retail space, formerly an IHOP, is available for $299,000. Located at 601 Carlyle Avenue in Belleville, Illinois (zip code 62221), this property boasts a high-visibility location with 17,500 average daily traffic counts. The single-story building sits on a 0.55-acre lot and includes 38 parking spaces. Built in 1973 and partially renovated in 2017, the property features C-2 zoning, offering flexibility for conversion to office or retail use. All equipment (excluding leased items) is included in the sale price of $299,000, translating to $115 per square foot. The property's APN is 08-23.0-305-017. This presents a unique opportunity for investors and entrepreneurs seeking a well-located, adaptable commercial space in a thriving area of St. Clair County. The building's past use as a restaurant provides a solid foundation for a variety of potential businesses. The ample parking and high traffic volume ensure excellent visibility and accessibility for customers.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1973
Total area 2,600 SF
Lot 0.56 ac (24,394 SF)
APN 08-23-0-305-017
UPID US28-2167508
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Youssef Group LLC · 10 yrs held
Youssef Group LLC
since 2016
2 recorded transactions
2017
Price N/A
2016
$230,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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