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26382582
26410295

2 Locations For Sale

CP
MO 96392861
Philiatros Real Estate
Listed by Philiatros Real Estate
$850,000
333 days on market
Updated 36 days ago

Philiatros Corner

Details
APN 08-28.0-204-004 and parcel 08-28.0-204-005
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Executive Office (+1)
Square Footage 7,684
Net Rentable (SqFt) 7,684
Units 4
Cap Rate 9.00%
NOI $84,000
Occupancy 100%
Tenancy Multi
Lease Term 1
Lease Expiration 04/15/2026
Remaining Term 1
Rent Bumps No
Lease Options 3
Price per SqFt $111
Year Built 1887-1903
Year Renovated 2025
Buildings 2
Stories 2
Lot Size (SqFt) 16,000
Zoning Mixed Use
Parking Spaces 16 spaces
Parking per 1,000 SqFt 2.08
Investment Type Stabilized
Tenant Credit Credit Rated
Lease Commencement 04/15/2025
Ground Lease No
Ownership Philiatros HealthCare
Sale Condition For sale by owner

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

Listing Contacts

CP
MO 96392861
Philiatros Real Estate
Listed by Philiatros Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$84,000.00
$7,000.00/mo

Valuation Metrics

0
DSCR
9.88%
Cap Rate
9.88%
ROI

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