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Professional/Medical Upside in TIF Zone 111 W Lincoln St 6,557 SF Vacant Office Building Online Auction Sale Belleville, IL 62220
Investment Highlights
- 111 W Lincoln Street was previously occupied by an optometrist’s office and now offers upside opportunity to build-out per new business operations.
- Investment opportunity to lease to the market on NNN terms and offer enticing Tenant Improvement (TI) plans for immense upside potential.
- Second-floor build-out is ideal for additional offices and storage space to support the main-level operations below, enhancing business flexibility.
- Capital improvements to the shell interior are supported by St. Clair County’s Tax Increment Financing (TIF) and Enterprise Zone.
- Layout of the 6,557-square-foot building includes 4,464 square feet on the first floor and 2,093 square feet on the second floor.
- Absolute auction | Starting bid $1.
Executive Summary
Bell Cornerstone offers 111 W Lincoln Street in Downtown Belleville, Illinois, to the market as a professional/medical office investment with future value-add potential.
The vacant office building was stripped to a clean shell condition in 2024, making it ready for a build-out specific to a new tenant’s business standards. The property features a large private parking lot with 24 surface parking spaces. 111 W Lincoln Street prominently sits at the corner of the four-way intersection of W Lincoln and S 1st Street, visible to more than 4,800 daily passing vehicles.
Located 1 block from the East/West thoroughfare of West Main Street and the North/South thoroughfare of Illinois 159. The subject is surrounded by office and retail and is within walking distance of the Downtown Belleville, the St. Clair County Courthouse, and Belleville City Hall. USPS sits directly behind the property; the St. Clair County public parking garage is adjacent; and SIHF Healthcare - Belleville Family/Convenient medical center is 1 block away.
Belleville’s largest employer is the Scott Air Force Base (9 miles), which employs around 15,000 and houses the Air Force’s Air Mobility Wing. Memorial Hospital Belleville (4 miles) is a 222-bed hospital and another major employer in town, offering a dedicated Orthopedic and Neurosciences Center. A Boeing production facility at MidAmerica St. Louis Airport, adjacent to Scott Air Force Base, is the city’s latest addition.
Belleville has its own stop in the St. Louis region’s MetroLink light rail system and reaches Downtown St. Louis in about 40 minutes. The MetroBus system runs through the city as well, a daily convenience for daytime employees. Business travel is supported by the Scott AFB/Midamerica St. Louis Airport (11 miles) and the St. Louis Lambert International Airport (27 miles).
St. Louis University (SLU) is approximately 19 miles away and enrolls over 13,300 students, with top fields of study in health sciences, nursing, and business programs. The university continuously produces a thriving, well-educated workforce serving the St. Louis market.
Property tours are by appointment only. Please contact the listing broker to schedule.
The vacant office building was stripped to a clean shell condition in 2024, making it ready for a build-out specific to a new tenant’s business standards. The property features a large private parking lot with 24 surface parking spaces. 111 W Lincoln Street prominently sits at the corner of the four-way intersection of W Lincoln and S 1st Street, visible to more than 4,800 daily passing vehicles.
Located 1 block from the East/West thoroughfare of West Main Street and the North/South thoroughfare of Illinois 159. The subject is surrounded by office and retail and is within walking distance of the Downtown Belleville, the St. Clair County Courthouse, and Belleville City Hall. USPS sits directly behind the property; the St. Clair County public parking garage is adjacent; and SIHF Healthcare - Belleville Family/Convenient medical center is 1 block away.
Belleville’s largest employer is the Scott Air Force Base (9 miles), which employs around 15,000 and houses the Air Force’s Air Mobility Wing. Memorial Hospital Belleville (4 miles) is a 222-bed hospital and another major employer in town, offering a dedicated Orthopedic and Neurosciences Center. A Boeing production facility at MidAmerica St. Louis Airport, adjacent to Scott Air Force Base, is the city’s latest addition.
Belleville has its own stop in the St. Louis region’s MetroLink light rail system and reaches Downtown St. Louis in about 40 minutes. The MetroBus system runs through the city as well, a daily convenience for daytime employees. Business travel is supported by the Scott AFB/Midamerica St. Louis Airport (11 miles) and the St. Louis Lambert International Airport (27 miles).
St. Louis University (SLU) is approximately 19 miles away and enrolls over 13,300 students, with top fields of study in health sciences, nursing, and business programs. The university continuously produces a thriving, well-educated workforce serving the St. Louis market.
Property tours are by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Register to Bid Instructions
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
6,557 SF
Building Class
C
Year Built/Renovated
1978/2024
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,279 SF
Building FAR
0.40
Lot Size
0.38 AC
Parcel Numbers
Zoning
C-2 - Heavy Commercial
Parking
24 Spaces (3.66 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
10,202
47,434
85,988
2020 Population
9,806
50,199
92,076
2030 Population
10,211
46,417
83,900
2025-2030 Projected Population Growth
0.1%
-2.1%
-2.4%
Daytime Employees
7,531
19,235
34,798
Total Businesses
894
2,368
4,386
Average Household Income
$63,447
$79,912
$94,235
Median Household Income
$46,696
$59,217
$71,776
Total Consumer Spending
$96.7M
$537M
$1.1B
Median Age
39.5
40.9
41.4
2025 Households
4,122
20,301
36,263
Percent College Degree or Above
9%
15%
17%
Average Home Value
$146,267
$179,957
$213,897
$ values in USD
Sale Advisors
Sale Advisors
Aidan Cleghorn, Managing Broker/Principal
Aidan Cleghorn is a Managing Broker/Principal at BellCornerstone and a licensed real estate attorney in the state of New York. In addition to his work as a broker on high-dollar transactions, Aidan's diverse 10+ year track record includes econometric valuation work as a commercial real estate appraiser and court experience as a practicing attorney. A firm believer in responsive client engagement, Aidan has completed projects in over 30 states. With over $300M in real estate transactions across the country, Aidan has established the trust and confidence of his clients and staff.
Daniel Lynch, Vice President, Brokerage Services
Daniel Lynch is the Vice President of Brokerage Services at BellCornerstone and a licensed real estate salesperson. With vast experience negotiating multiple transaction types, providing valuable financial analysis and advisory services, Dan is a trusted source among his colleagues and clients. He is also a key member of the National Telecommunications Team. Dan holds a Bachelor of Science from Le Moyne College’s Madden School of Business, with dual concentrations in finance and analytics, as well as his Master of Business Administration from Le Moyne, completing the process within five years.
Noah Williams, Business Development Executive
Noah T. Williams is a Business Development Executive at BellCornerstone. His unique blend of academic achievements, athletic background, and professional skills makes him an integral part of the BellCornerstone team. With a Bachelor of Science in Business Management from Norwich University and a concentration in financial economics, Noah is well-equipped to navigate the dynamic landscape of commercial real estate.
Before joining BellCornerstone, Noah was as a full-time student athlete at Norwich University, contributing his skills to both the men's hockey and golf team. This background not only showcases Noah's commitment to excellence but also highlights his ability to thrive in high-pressure environments. As a Business Development Executive, Noah continues to bring his dedication and diverse expertise to the forefront, contributing to the success and growth of BellCornerstone.
Before joining BellCornerstone, Noah was as a full-time student athlete at Norwich University, contributing his skills to both the men's hockey and golf team. This background not only showcases Noah's commitment to excellence but also highlights his ability to thrive in high-pressure environments. As a Business Development Executive, Noah continues to bring his dedication and diverse expertise to the forefront, contributing to the success and growth of BellCornerstone.
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Professional/Medical Upside in TIF Zone | 111 W Lincoln St
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