1423 Main StBelleville, IL 62220

For Sale
$50,000

Investment Opportunity: C-1 Zoned, 0.16 Acres

Overview

Added:
Feb 3
Days on market:
39
This 0.16-acre commercial property located at 1423 W Main Street, Belleville, IL, is being offered via auction with a starting bid of $50,000. The auction closes February 5th, 2025, at 5:00 PM. The property is zoned C-1 Light Commercial within the City of Belleville's zoning jurisdiction. The building itself features a main-level commercial space with potential for conversion into residential or rental units on the second floor. All public utilities are available but are currently inactive and require reactivation by the new owner. The structure is in need of significant repair and updating to achieve occupancy. It's crucial to note that any residential use will necessitate obtaining a special use permit from the City of Belleville. This property is sold "AS IS, WHERE IS" under auction terms. The seller will not undertake any repairs resulting from building, occupancy, or environmental inspections. A signed Auction Purchase & Sale Agreement is required upon acceptance of the final bid by the seller. This presents a unique opportunity for investors seeking a fixer-upper with high redevelopment potential in a desirable location.

Property Details for 1423 Main St

Property type
Other commercial real estate
Year Built
1862
Lot Size (sq. ft)
6,970 SF

Location Insight

City
Belleville
County
St Clair-IL
State
Illinois
Latitude
38.51719
Longitude
-90.00078
1423 Main St, Belleville, Illinois

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1423 Main St
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