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    Property profile & analytics

    701 Sherman St Belleville, IL 62221-4152

    • Grocery and convenience stores
    • 1,255 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 08, 2024
    $35,000
    Location Intelligence
    Property ID
    US28-5352536
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 701 Sherman St

    Year built
    1976
    Lot size
    0.21 lot acres
    Property size
    1,255 SF
    Property type
    Grocery and convenience stores
    APN
    08-15-0-427-065
    APU
    8150427065

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9657
    Latitude
    38.5273
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,336
    $5,681
    $8,553
    $14,234
    -
    $17,043
    $25,659
    $42,702

    Comparable in this City

    • Value Estimation by Request
      1,248 SF

      1257 Lebanon Ave

      CONVENIENCE STORE • 1,248 SF
      1257 Lebanon Ave, Belleville, IL 62221-4019
      View Details
    • Value Estimation
      $595,000
      3,850 SF

      1920 Carlyle Ave

      CONVENIENCE STORE • 3,850 SF
      1920 Carlyle Ave, Belleville, IL 62221-4564
      View Details
    • Value Estimation
      $505,000
      5,075 SF

      Ww Blvd

      CONVENIENCE STORE • 5,075 SF
      Ww Blvd, Belleville, IL 62221
      View Details
    • Value Estimation
      $95,000
      3,900 SF

      2411 Lebanon Ave

      CONVENIENCE STORE • 3,900 SF
      2411 Lebanon Ave, Shiloh, IL 62221-2528
      View Details
    • Value Estimation
      $270,000
      2,400 SF

      1260 Lebanon Ave

      CONVENIENCE STORE • 2,400 SF
      1260 Lebanon Ave, Belleville, IL 62221
      View Details
    • Value Estimation
      $545,000
      4,260 SF

      300 Grn Mt Rd

      CONVENIENCE STORE • 4,260 SF
      300 Grn Mt Rd, Belleville, IL 62221-5881
      View Details

    Similar Nearby for Sale

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    • $127,900
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      Belleville Commercial Building with Equipment

      Turnkey commercial building with equipment in high-traffic Belleville location.
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    • $299,000
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      Restaurant Building For Sale

      2,600 SF restaurant in high-traffic area, suitable for conversion.
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      Prime Belleville Restaurant Space

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    Similar Nearby for Lease

    • Contact for pricing
      17,986 SF

      Retail Space in Carlyle Plaza

      Retail space available in a busy shopping center.
      100-110 Carlyle Plaza Dr, Belleville, IL 62221
      View Details
    • $12 SF/Yr
      23,600 SF

      Retail Space For Lease

      Retail spaces available with monument and building signage.
      1620-1680 Lebanon Ave, Belleville, IL 62221
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Carlyle Plaza

      Retail space available in a busy shopping center.
      20-76 Carlyle Plaza Dr, Belleville, IL 62221
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    • Contact for pricing
      5,856 SF

      Retail Space in Belleville, IL

      Retail space available in a busy shopping center.
      654-658 Carlyle Ave, Belleville, IL 62221
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    • Contact for pricing
      3,410 SF

      Retail Space in Belleville, IL

      Retail space available for lease in Belleville, Illinois.
      1611 W Main St, Belleville, IL 62221
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Near Major Retailers

      Retail space in high-traffic location near Belleville East High School.
      651 Carlyle Ave, Belleville, IL 62221
      View Details
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    701 Sherman St
    Belleville, IL 62221-4152
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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