313 Main StBelleville, IL 62220

Property Details for 313 Main St

Year built

1880

Construction

WOOD

Lot size

0.18 AC

Property size (Sq ft)

3,743 SF

Property type

Commercial real estate

APN

08-22-0-335-014

APU

8220335014

Description

This exceptional 6,000 square foot bar located at 313 E Main St, Belleville, IL 62220, is available for purchase at $599,000. Built in 2005, this thriving establishment boasts a 100% occupancy rate and a strong net operating income (NOI) of $100,000, translating to a compelling 16.69% cap rate and a price per square foot of $99.83. The property has enjoyed consistent success for two decades, playing a significant role in the revitalization of Belleville's downtown entertainment district. The current owners, preparing for retirement after a 20-year run, are highly motivated sellers. The bar features a large patio, ideal for events and parties, and has proven resilient, weathering economic downturns and a global pandemic. This turnkey opportunity presents a unique chance to acquire a well-established business with a loyal customer base in a vibrant and growing community. The sale includes the existing business and all its assets. The property is offered as-is. This is an exceptional investment opportunity for a buyer seeking a high-performing commercial property with significant upside potential in a desirable location. The sale is contingent upon the successful completion of a one-year lease agreement, ending March 31, 2025.

• Alternative Use

  Use

  Valuation

  Residential

  $979,299

  Hospitality

  $897,032

  Educational

  $746,320

  Medical

  $771,988

  Retail

  $1,160,943

Location Insight

City

Belleville

County

St. Clair

State

Illinois

Latitude

38.5139

Longitude

-89.9796

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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