6401 Main StBelleville, IL 62223

For Sale
$295,000 View listing
  • Commercial real estate
  • 2.82 AC

Property Details for 6401 Main St

Year built
1975
Lot size
2.82 AC
Property type
Commercial real estate
APN
07-12-0-213-027
APU
7120213027

Description

This 8,736 square foot, single-tenant office building, located at 28 West 64th St., Belleville, IL 62223, presents a unique investment opportunity. Built in 1976 and renovated in 1995, this Class C property sits on a 1.49-acre lot and offers ample parking with 65 spaces. Previously used as a surgery center, the building features oversized rooms suitable for various purposes, including classrooms, meeting rooms, or recreational areas. The property is ADA compliant and includes a fire suppression system throughout. Its location within a Tax Increment Financing (TIF) District and Enterprise Zone offers potential economic advantages. The asking price is $295,000, representing a price per square foot of $40.60. The property is currently vacant and is zoned C-2. The building is a single-story structure and is offered with a gross lease type. Its proximity to downtown St. Louis (approximately 20 minutes away) adds to its appeal. This is a great opportunity to acquire a versatile commercial property with significant potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $32,147,784
    Hospitality
    $29,447,198
    Educational
    $24,499,724
    Medical
    $25,342,306
    Retail
    $38,110,680
6401 Main St, Belleville, Illinois

Location Insight

City
Belleville
County
St. Clair
State
Illinois
Latitude
38.554
Longitude
-90.0387
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
$21,108
$80,732
$138,425
$219,157
-
$242,196
$415,275
$657,471

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