$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 TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site323

Features

SQ Feet22,058
ZoningCommercial
Acreage1.12
Loading Form
Loading Form
Area Information
StateIL
CountySt Clair-IL
CityBelleville
Zip Code62220
Listing VS Median (in 62220)
Price:
$475,000
low | high
Med:
$85,900
100% of Average
SqFt:
22,058
low | high
Med:
2,000
100% of Average
$ / SqFt:
$22
low | high
Med:
$43
49.450757894737% of Average
On Site:
323
low | high
Med:
135
100% of Average
Listing Updated: October 1, 2020 11:51:43 AM PDT
Michael Sintzel LogoMLS Number: 20014876
Listing Provided By:
Michael Sintzel  of  Ah Realty Advisors Llc

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Maris MLS.