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33756458
33756457

5902 Gateway Industrial Drive, Belleville, IL 62223

CM
IL 475188628, MO 2019029904
Barbermurphy Group
Listed by Barbermurphy Group
$540,000
12 days on market
Updated 12 days ago

9-Unit Value-Add Apartment Complex

Details
APN 07-13-0-400-058
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,988
Units 9
Occupancy 90%
Tenancy Multi
Price per SqFt $77
Class C
Year Built 1985
Year Renovated 1985
Buildings 1
Stories 2
Zoning Multi-Family
Parking Spaces 12 spaces
Parking Per SqFt 1.72
Investment Type Value Add

Investment Property

Marketing description

5902 Gateway Industrial Drive presents an opportunity to acquire a market-rate multifamily community consisting of a desirable mix of one-bedroom and two-bedroom apartment homes. The property offers residents affordable, well-located housing within the Belleville market while providing investors with stable cash flow and a diversified rent roll. The apartment community benefits from strong underlying rental demand driven by its proximity to major employment centers, retail amenities, healthcare providers, and transportation corridors throughout the Metro East region. The efficient unit mix appeals to a broad tenant base, including young professionals, small families, retirees, and workforce renters, supporting occupancy and long-term income stability.

With in-place revenue, operational upside opportunities, and a strategic location within one of the St. Louis MSA’s largest Illinois submarkets, 5902 Gateway Industrial Drive represents an attractive investment opportunity for both private and institutional multifamily investors seeking durable cash flow and future growth potential.

The property is located within the established Gateway Industrial submarket in Belleville, a well-known commercial and industrial corridor serving the broader Metro East region. The area benefits from immediate access to Interstate 64, Interstate 255, and other major transportation arteries connecting the property to downtown St. Louis, Scott Air Force Base, and surrounding regional distribution hubs. Nearby industrial users, logistics operators, and commercial development contribute to a strong employment base and ongoing demand for industrial space within the market. The property’s centralized Metro East location, combined with excellent regional connectivity, continues to support long-term industrial growth and tenant demand throughout the corridor.

Listing Contacts

CM
IL 475188628, MO 2019029904
Barbermurphy Group
Listed by Barbermurphy Group

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Zoning

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MR2 ResidentialMulti FamilyMultifamily Residence
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View all 27 uses
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Last updated Mar 25, 2026 For deeper zoning details, reports are available at Zoneomics

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