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0 N Belt E & Lebanon Avenue

Belleville, IL 62221
  • $375,000
  • STATUS: Active
  • ON SITE: 137 Days
  • ID#: 21089258
UPDATED: 44 min ago
$375,000
  • 0
    BEDS
  • 1.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
County:

School Ratings & Info

Description

Value-add retail center at high traffic corner of 161 and Lebanon Ave. Five tenants currently occupy the property with the addition of an apartment and one retail space available for lease. There hasn't been much issues leasing units out so the two vacant units should lease out quickly. Current gross income is $40,776 with current estimated expenses being $20,203. NOI is $20,573 giving the property a cap rate of 5.5%. If the two units are leased then it will give put the gross income to $59,076 giving the center a NOI of $38,503 and cap rate of 10.3%.

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Listing information © 2022 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2022-05-16T10:39:52.1.

Lauderdale Realty | Lauderdale Realty LLC: 314-504-5787
www.makinghouseshomes.com/homes/124345957
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0 N Belt E & Lebanon Avenue Belleville, IL 62221

  • Price: $375,000
  • Status: Active
  • On Site: 137 Days
  • Updated: 44 min ago
  • ID#: 21089258
0
Beds
0
Baths
0
½ Baths
1.28
Acres
Neighborhood:
Florian Neuhoff Assessment Pla
County:
St Clair
Property Description
Value-add retail center at high traffic corner of 161 and Lebanon Ave. Five tenants currently occupy the property with the addition of an apartment and one retail space available for lease. There hasn't been much issues leasing units out so the two vacant units should lease out quickly. Current gross income is $40,776 with current estimated expenses being $20,203. NOI is $20,573 giving the property a cap rate of 5.5%. If the two units are leased then it will give put the gross income to $59,076 giving the center a NOI of $38,503 and cap rate of 10.3%.
Exterior Features

Attached Garage YN No Parking Features Asphalt Road Frontage Type City StreetPrivate Road Unit Location Corner LocationRetail Center

Interior Features

Cooling Electric Heating Forced Air Heating YN Yes

Property Features

Association Realtor Association Of Southwestern Illinois Commercial Type Retail Current Use Two StoriesRetail Strip CenterRetail Development Status Unknown Disclosures UnknownSellers Discl. Avail Electric 220 Volts Inclusions Building & Land Net Operating Income 20776 Property Sub Type Commercial & Indr. Sewer Public Sewer Special Listing Conditions No ExemptionsNone Tax Annual Amount 11956 Tax Year 2020 Transaction Type Sale Utilities Electricity AvailableGas To SiteWater AvailableSewer Available Water Source Public Zoning Commercial

Listing provided courtesy of Ah Realty Advisors, Llc. Listing information © 2022 Mid America Regional Information Systems, Inc.
Listing information © 2022 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2022-05-16T10:39:52.1.

Lauderdale Realty | Lauderdale Realty LLC: 314-504-5787
 
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