Value-Add Investment | 15.5K SF Bellevue Park Plaza for Sale with 13.3K SF for Lease | Belleville, IL (St. Louis MSA - Metro East)

101-109 N 47th St Belleville, IL 62223

101-109 N 47th St, Belleville, IL, 62223
101-109 N 47th St, Belleville, IL, 62223
Property Type:
Strip Center
Last Verified:
May 15, 2019

15,510 SF Retail/Office/Warehouse Building For Sale. New Roof in 2019. Former Remick Hardware Building. There are 4 units and the space is mostly open with 8′ – 17′ Ceilings. Located in Bellevue Park Plaza at the Corner of West Main St. & North Belt West. The Boxing Gym is currently the only tenant and they are on a Month to Month agreement. 

Sale Price: $295,000
Lease Space also Available: $5.00 per SF, Gross

Additional URLs

Map of 101-109 N 47th St, Belleville, IL, 62223

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.