RE/MAX Results Realty
Listed by RE/MAX Results Realty
$444,000
1926 W Main Street
Details
APN 08-20.0-402-003
Property Type Retail
Sub Type Restaurant, Commercial
Square Footage 8,708
Cap Rate 10.00%
NOI $30,603
Occupancy 80%
Tenancy Multi
Lease Type NNN
Remaining Term 1
Price per SqFt $57
Year Built 1877
Acreage 0.200
Parking Spaces 8 spaces
Parking per 1,000 SqFt 0.92
Turnkey investment property with in-place income generators.
Marketing description
Turn-key investment property available in downtown Belleville, IL. Located at 1926 West Main Street just blocks from the Belleville Crossings Shopping Center, the new SW IL Justice & Workforce Development Campus and the IL State Police Crime Lab. High daily traffic count of 4700 VPD. Solid brick building, impeccably clean from the full basement to the 2nd floor tenant apartment(s). On site paved, lighted parking lot with 8 spaces. New building a/c unit, white reflective fiber and shingle roof(s) in last 2 years. Corner lot with good visibility. Half of 1st floor currently leased to Mexican restaurant providing monthly lease income. Other 1,800 sq ft half of 1st floor has been framed out for an additional business to be determined by the buyer/new owner. Space ideal for generating income from retail, slots, bar & grill, etc. Partial HVAC, electric and plumbing installed. 2nd floor has two 986 sq ft apartments, both currently leased providing additional in place rental income. Location: City, Corner Location, Downtown, High Traffic
Listing Contacts
RE/MAX Results Realty
Listed by RE/MAX Results Realty
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,603.00
$2,550.25/mo
Valuation Metrics
0
DSCR
6.89%
Cap Rate
6.89%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
