601 Carlyle Ave Belleville, IL 62221
For Sale
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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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
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.