Contract Pending

140 Iowa Ave Belleville IL 62220

$475,000.00 Belleville, IL 62220
  • 1.12 Acres
  • St. Clair County

Description

Two industrial warehouse buildings in downtown Belleville. The two buildings combined equal 22,058 square feet. There are five current tenants giving the property a gross income of $92,835, with total 2021 expenses of $19,874.71 equaling a NOI of $72,960.29 and a Cap Rate of 15.4%. The property would also be great for an owner user who is looking to make some income while occupying part of the property. The adjacent office building at 140 Iowa Ave is also for sale for $215,000. Parcel #:08-22.0-409-021

Key Features

  • Property Type Commercial
  • Acres 1 Acres
  • Minerals Call for more info
  • MLS # 20014876

Property Map

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