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Property profile & analytics
FOR SALE
Banks

648 Carlyle Ave Belleville, IL 62221

3,557 SF 0.73 ac lot Built 1977
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US28-2582328
Property summary
AI-generated overview

This exceptional 3,557-square-foot freestanding commercial building, located at 648 Carlyle Ave in Belleville, Illinois (zip code 62221), presents a unique investment opportunity. Currently operating as an A&W restaurant, this completely renovated property is ideally suited for a variety of uses, including retail, medical offices, or general office space. Its prime location in the heart of a bustling retail area ensures high visibility and excellent access for customers and employees. The building boasts prominent signage, including both building signage and a pylon sign, maximizing marketing potential. The asking price is $1,700,000. The property's versatile layout and high-traffic location make it an attractive prospect for savvy investors seeking a strong return on investment. Situated in St. Clair County, this property offers easy access to major transportation routes and a thriving local community. The building's recent renovation ensures it is move-in ready, minimizing upfront costs for the new owner. Don't miss this chance to acquire a highly visible and well-maintained commercial property in a desirable location.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1977
Construction STEEL FRAME
Total area 3,557 SF
Lot 0.73 ac (31,799 SF)
APN 08-23-0-401-076
UPID US28-2582328
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
Current use
Occupant on record · Public records
  • A&W Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$170k
Owner & transaction history
648 Carlyle Ave LLC · 4 yrs held
648 Carlyle Ave LLC
since 2022
Last sale
$215,000
3 recorded transactions
2022
$215,000
2022
Price N/A
2020
$215,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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