Philiatros Corner
Fully Leased Corner Lots with 2 Buildings included in Sale
Marketing description
Coveted Downtown Belleville, Illinois Corner Lot
Two Fully Leased Historic Buildings. Located 2 blocks South of the Belleville Main Street Fountain in beautiful downtown Belleville, Illinois. Two minute walk to the St. Clair County Courthouse and across the street from the YMCA. Convenient walking access to restaurants, shopping and the historic Lincoln Theater.
Building #1 - 3734 sq ft. (Fully Leased)
Updated 2 story building with the downstairs 1400 square ft leased as a medical office and the upstairs 1400 square ft leased as an apartment. The 600 square ft. 3rd floor is unfinished and there is a private entrance basement formally leased to a small business and now used for storage.
Building #2 - 3950 sq ft. (Fully Leased)
Complete recent gut rehab (2025) of this 3 story building. New roof, new parking lot, new windows, new electric heat/AC, new luxury hardwood floors. The downstairs 1550 square ft space is leased as a commercial business. The upstairs 2400 square ft space is leased as luxury townhome complete with all new appliances, washer/dryer, 2 full baths.
Each lot has 8 paved parking spots. Fully leased with (2) Commercial Tenants and (2) Apartment tenants with $7,000 monthly NET income.
Investment highlights
* Excellent Stable Investment Income Property
* Corner Lots
* 2 Buildings
* 4 Qualified Tenants (2 commercial, 2 apartment)
$84,000 NOI
*Properties can be sold separately
* Contact Owner Directly:
Dr. Charles R. Portwood
[email protected]
730-263-3540
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