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653 Carlyle Ave 6.75 Acres of Commercial Land in Belleville, IL 62221
Investment Highlights
- Extremely strong occupancy of 96%, despite mom-and-pop ownership and management
- Upside in Economic Occupancy as well, as it lags 21% behind square footage occupancy
- Affluent sub-markets both with over $90k in average household income in a 3-mile radius
- Rental Rates are 20%+ below market, presenting immediate revenue upside upon acquisition
- Room for expansion in the parking lot of the Belleville location
- Strong historical occupancy of 90%+ leading to multiple expansions over the years
Executive Summary
Matthew M. Fitzgerald
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 6.75 AC |
| Property Type | Land | ||
| Zoning | C2 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 6.75 AC |
| Zoning | C2 |
1 Lot Available
Lot
| Lot Size | 6.75 AC |
| Lot Size | 6.75 AC |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 08-23.0-305-020 | Improvements Assessment | $943,005 CAD |
| Land Assessment | $367,398 CAD | Total Assessment | $1,310,403 CAD |
Property Taxes
Parcel Number
08-23.0-305-020
Land Assessment
$367,398 CAD
Improvements Assessment
$943,005 CAD
Total Assessment
$1,310,403 CAD
Contacts
-
Campbell Watkins -
Austin McLeod -
Hunter Reynolds -
Matthews Real Estate Investment Services
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653 Carlyle Ave
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