7 High StBelleville, IL 62220

For Sale
$1,700,000

11,126 SF Former Rite Aid - Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 11,126-square-foot former Rite Aid building presents a remarkable opportunity for owner-occupancy or lease in New Philadelphia, Ohio. Situated on a highly visible, signalized corner at West High Avenue and Tuscarawas Avenue NW, this single-tenant freestanding property boasts convenient access from three separate roads. The 1.657-acre lot provides ample parking with 56 asphalt spaces. Built in 2006, the one-story building features a double drive-thru, ideal for a variety of retail uses. The property includes a substantial 480-volt, 300-amp electrical service, enhancing operational flexibility. Security is ensured with an interior and exterior camera system. A convenient elevator lift provides access to mezzanine storage. The building also features an automatic front entry and digital signage. The property benefits from high traffic counts, with combined traffic volumes at the intersection reaching 21,927 vehicles per day. This location offers excellent visibility and proximity to major retailers including Walmart, Menards, Tractor Supply, Goodwill, and Dollar Tree, ensuring high foot traffic and brand recognition. The property is zoned for a variety of commercial uses (Zoning details available upon request). This is a rare opportunity to acquire a well-maintained, strategically located retail space in a thriving market.

Highlights

  • Prime Belleville, IL investment opportunity: 37,000 SF, two-building complex at 7 N High St, asking $1,700,000.
  • Mixed-use potential: ground floor retail, second floor office, upper floors residential.
  • Includes a sellable $550,000 AT&T rooftop lease, potentially covering the down payment.
  • Virtually no money down financing option available.
  • Estimated $166,000 annual gross income.
  • 65-space parking lot included.

Property Details for 7 High St

Property type
Other retail properties, Multifamily properties
Square Feet
36,926 SF
Class
C
Year Built/Renovated
1910/1993
Buildings
2
Stories
4

Location Insight

City
Belleville
County
St Clair
State
Illinois
Latitude
38.51362285
Longitude
-89.9828485
7 High St, Belleville, Illinois

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7 High St
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