144 Lincoln Place CtBelleville, IL 62221

For Sale
$1,350,000

10,000 SF Medical Office, 8.15% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional single-story medical office building, totaling 10,000 square feet, presents a compelling investment opportunity. Located at 144 Lincoln Place Ct in Belleville, IL (62221), this Class B property boasts a strong 8.15% cap rate and a substantial net operating income (NOI) of $93,773. Built in 2008, the building sits on a 0.93-acre lot and features ample parking with 53 spaces. Currently housing a mix of established tenants, including Apex Physical Therapy, Katie Gibbons Counseling, and Hurst Investigations, this multi-tenant property offers immediate income potential. Its prime location within the Lincoln Place Court Business Park, conveniently situated near Scott Air Force Base and Southwestern Illinois College (SWIC), ensures high demand and future growth prospects. The property is zoned for general commercial use and features a total asking price of $1,350,000, translating to a price per square foot of $79. The property's strong tenant base, strategic location, and impressive financial metrics make it an attractive investment for discerning buyers seeking a stable and high-yielding asset in a thriving market. The APN is 08-24.0-401-018.

Highlights

  • Prime Shiloh/Belleville Location: Lincoln Place Court Business Park, near Scott AFB and SWIC.
  • Strong Tenant Base: Anchored by Apex Physical Therapy, Katie Gibbons Counseling, and Hurst Investigations, providing immediate cash flow.

Property Details for 144 Lincoln Place Ct

Property type
Other office properties, Medical offices
Square Feet
10,000 SF
Class
B
Year Built
2008
Stories
1
Lot Size (sq. ft)
40,511 SF

Location Insight

City
Belleville
County
St. Clair
State
Illinois
Latitude
38.5173684
Longitude
-89.9367457
144 Lincoln Place Ct, Belleville, Illinois

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144 Lincoln Place Ct
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