$475,000
140 Iowa Ave,
Belleville IL, 62220
Description
Two industrial warehouse buildings in downtown Belleville. The two buildings combined equal 22,058 square feet. There are five current tenants giving the property a gross income of $50,715. There is also a value add opportunity here where the the one vacant space which is about 1,020 square feet of office space and 3,000 square feet of warehouse could be rented for around $3,000 per monthly bumping the gross income up to $86,715. The property would also be great for an owner user who is looking to make some income while occupying part of the property. The adjacent office building at 140 Iowa Ave is also for sale for $230,000. Parcel #:08-22.0-409-021
Details
| MLS# | 20014876 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 323 |
Features
| SQ Feet | 22,058 |
|---|---|
| Zoning | Commercial |
| Acreage | 1.12 |
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| Area Information | |
|---|---|
| State | IL |
| County | St Clair-IL |
| City | Belleville |
| Zip Code | 62220 |
| Listing VS Median (in 62220) | |
Price: $475,000 low | high Med: $85,900 SqFt: 22,058 low | high Med: 2,000 $ / SqFt: $22 low | high Med: $43 On Site: 323 low | high Med: 135 | |
Listing Updated: October 1, 2020 11:51:43 AM PDT
MLS Number: 20014876Listing Provided By:
Michael Sintzel of Ah Realty Advisors Llc