Philiatros #2
Mixed use, Fully Leased Business and Upstairs Apartment | 10.05% CAP | 3,524 SqFt
Marketing description
Downtown Belleville, IL Multi Use Property
100% Leased
This exquisite complete gut rehab (2021) boasts 3950 sq ft 3 story building of total useable space plus a private entrance 500 square foot basement currently used as an office. The first floor is 1400 square feet and leased as a commercial business. The second and third floors are 1200 sq feet and currently leased as an apartment. Asphalt parking, 2 central heat/AC units, new luxury hardwood floors. This is listed individually or can be purchased with the property next door.
Investment highlights
Stable Investment Property
Next to Bank of Belleville and Across the street from the Belleville YMCA
2 Minute walk to the St. Clair County Courthouse
Convenient walking to downtown Belleville restaurants, shopping and the Historic Lincoln Theater
1 Large Building with ample parking
2 Qualified Tenants (1 commercial, 2 apartment)
$40.200 NOI
Contact Owner Directly
Dr. Charles R. Portwood
portwood@sbcglobal.net
730-263-3540
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