5720 BeltBelleville, IL 62226
- Commercial real estate
- 54,179 SF
Property Details for 5720 Belt
- Year built
- 1976
- Construction
- STEEL FRAME
- Lot size
- 9.26 AC
- Property size (Sq ft)
- 54,179 SF
- Property type
- Commercial real estate
- APN
- 08-18-0-100-028
- APU
- 8180100028
Description
Country Club Plaza, located at 5720 N Belt W in Belleville, IL 62226, presents a compelling retail investment opportunity. This 86,867 square foot shopping center sits on a 0.26-acre lot in the thriving Metro East submarket of St. Louis, the second largest population center in Illinois, boasting over 700,000 residents. The property benefits from a prime location at the high-traffic intersection of N Belt West and Frank Scott Parkway, ensuring excellent visibility and accessibility for potential tenants and customers. Currently, one retail space of 1,250 square feet is available for lease. The center features Schnucks as an anchor tenant, providing strong draw power and contributing to a vibrant shopping environment. Recent cosmetic upgrades have further enhanced the property's appeal, attracting new food and service tenants and indicating a positive trajectory for leasing activity. This multi-tenant shopping center in St. Clair County offers a strong foundation for future growth and profitability within a densely populated and dynamic market. The property's strategic location and established tenant base make it an attractive investment for those seeking exposure to a robust retail market in the Metro East region of Illinois.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $14,175,109
- Hospitality
- $12,984,324
- Educational
- $10,802,805
- Medical
- $11,174,330
- Retail
- $16,804,364
Location Insight
- City
- Belleville
- County
- St. Clair
- State
- Illinois
- Latitude
- 38.5407
- Longitude
- -90.0347
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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