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
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0BEDS
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1.12ACRES
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0BATHS
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01/2 BATHS
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22,058SQFT
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$22$/SQFT
School Ratings & Info
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
Listing information © 2023 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2023-12-03T08:39:23.063.
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Listing provided courtesy of Ah Realty Advisors, Llc: 7731700. Listing information © 2023 Mid America Regional Information Systems, Inc.