5600-5650 Belleville Xing - Storefront FOR SALE


Belleville, IL 62226
$2,100,000 USD
630-570-2260
5600-5650 Belleville Xing, Belleville, IL for Sale
$2,100,000 USD
Storefront - FOR SALE
1/8
null | Request Cap Rate

5600-5650 Belleville Xing
Belleville, IL 62226


HIGHLIGHTS

  • The Property Underwent an Extended Receivership Process and was Ultimately Foreclosed | It is Now a R.E.O Asset
  • Value-Add Opportunity | 11,355 Square Feet of Vacant Space Available to Lease
  • The Home Depot and Target Outlot | Target has 1.1 Million Annual Visitors and The Home Depot has 604,000 Annual Visitors (Placer.ai)
  • Limited Competition | Main Retail Shopping Center Within a Seven Mile Radius
  • Located at the On/Off Ramp of Illinois Highway 15 Which has a Traffic Count of 56,250 Vehicles per Day

OVERVIEW

This property underwent an extended receivership process, was ultimately foreclosed, and is now a bank-owned (REO) asset. It presents a strong value-add opportunity with 11,355 square feet of vacant space available for lease. Located in Belleville Crossing Shopping Center—the primary retail destination within a seven-mile radius—the property sits as an outlot to The Home Depot and Target, which attract a combined 1.7 million annual visitors. The center also features national brands such as QDOBA Mexican Eats, Panera Bread, Office Max, Dollar Tree, PetSmart, and more. Its high-visibility location near Illinois Highway 15, along with a strong surrounding population and commercial activity, makes it an ideal opportunity for retail investment.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

REO | TARGET OUTLOT | ADD VALUE RETAIL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

134

LAND DETAILS

LAND ACRES

1.81 AC

LAND SF

78,844 SF

ZONING

C1

APN/PARCEL ID

08-19.0-102-008

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.