7650 Magna Dr Belleville, IL 62223
- Commercial real estate
- 82,500 SF
- 14.61 lot acres
Current Use by Public Records
- Department of Children & Family Services / Social Services Organization
- First Source Healthcare / Insurance Agency
- Illinois Department of Veterans' Affairs - St. Clair County / Veterans Affairs Department
- Balke Brown Transwestern / Property Management Company
- ATM (Regions Bank) / Atm
Property Details for 7650 Magna Dr
- Year built
- 1996
- Construction
- STEEL FRAME
- Lot size
- 14.61 lot acres
- Property size
- 82,500 SF
- Property type
- Commercial real estate
- APN
- 07-11-0-408-006
- APU
- 7110408006
Description
Midamerica Corporate Center, located at the intersection of Route 13 and Route 15 in Belleville, Illinois, offers exceptional office space for lease. This prominent building boasts a total of 64,120 square feet, currently entirely vacant and divisible into units ranging from 2,542 to 34,934 contiguous square feet. The second floor offers even greater flexibility, with a maximum of 59,299 square feet available, or the potential to lease the entire floor (77,338 square feet). The property benefits from its location within both an Enterprise Zone and a Tax Increment Financing (TIF) District. Superior ingress and egress are ensured, complemented by ample surface parking (777 spaces, with the possibility of expansion to 8 spaces per 1,000 square feet). On-site amenities include a convenient "Grab N' Go" micromart offering beverages and snacks. The building is equipped with a backup generator and an expansive loading dock. High visibility building signage is available, capitalizing on the high traffic volume of over 41,000 vehicles daily. Lease rates are competitive, starting at $12.00 per square foot, full-service, for first-floor spaces (with minimal window access), and $16.00 per square foot, full-service, for second-floor spaces. This presents a unique opportunity for businesses seeking large, high-quality office space in the Southern Illinois market, managed by a professional team.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $8,580,000
- ML approach
- $8,810,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $13,920,000
- 6.5%
- $12,850,000
- 7%
- $11,935,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $9,301,000
Market price range: $3.35M - $11.6M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Belleville
- County
- St. Clair
- State
- Illinois
- Longitude
- -90.061
- Latitude
- 38.5456
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA