144 Lincoln Place CtBelleville, IL 62221

Property Details for 144 Lincoln Place Ct

Year built

2006

Construction

WOOD

Lot size

0.96 AC

Property size (Sq ft)

10,000 SF

Property type

Commercial real estate

APN

08-24-0-401-018

APU

8240401018

Description

This exceptional single-story medical office building, totaling 10,000 square feet, presents a compelling investment opportunity. Located at 144 Lincoln Place Ct in Belleville, IL (62221), this Class B property boasts a strong 8.15% cap rate and a substantial net operating income (NOI) of $93,773. Built in 2008, the building sits on a 0.93-acre lot and features ample parking with 53 spaces. Currently housing a mix of established tenants, including Apex Physical Therapy, Katie Gibbons Counseling, and Hurst Investigations, this multi-tenant property offers immediate income potential. Its prime location within the Lincoln Place Court Business Park, conveniently situated near Scott Air Force Base and Southwestern Illinois College (SWIC), ensures high demand and future growth prospects. The property is zoned for general commercial use and features a total asking price of $1,350,000, translating to a price per square foot of $79. The property's strong tenant base, strategic location, and impressive financial metrics make it an attractive investment for discerning buyers seeking a stable and high-yielding asset in a thriving market. The APN is 08-24.0-401-018.

• CAP approach

  CAP return

  Valuation

  6%

  $2,590,560

  6.5%

  $2,391,290

  7%

  $2,220,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $779,600

  Geo Method

  $779,600

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,698,080

  Retail / Commercial

  $2,411,070

  Mixed-Use / Specialty

  $2,403,990

  Hospitality / Lodging

  $1,765,700

  Office

  $2,391,290

  Institutional / Educational

  $2,499,720

  Residential Income

  $2,924,670

  Multifamily

  $3,499,300

  Automotive / Energy

  $2,142,620

  Parking / Income-Based Land

  $737,896

  Restaurant / Food Service

  $1,253,560

  Healthcare / Senior Housing

  $2,463,690

Location Insight

City

Belleville

County

St. Clair

State

Illinois

Latitude

38.5173

Longitude

-89.9368

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].