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Property profile & analytics

7650 Magna Dr Belleville, IL 62223

  • Commercial real estate
  • 82,500 SF
  • 14.61 lot acres
For Lease
Last Sale
Dec 30, 2021
$8,078,000
Value Estimations
$9,530,000
Cap Rate Potential
9.7%
Commercial real estate
Location Intelligence
Property ID
US28-3107960
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

  • 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

based on Realmo’s proprietary methodology
  • 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

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
$213,876
$161,735
$2,058,899
$2,220,634
-
$485,205
$6,176,697
$6,661,902
More about this property
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