Shopping Strip
Target Outlot - Add Value Retail Center
5600 Belleville Crossing St, Belleville, IL 62226
Listing Price: $2,100,000
Investment Overview
This property underwent an extended receivership process, was ultimately foreclosed, and is now a bank-owned (REO) asset. It presents a strong value-add opportunity with 11,355 square feet of vacant space available for lease. Located in Belleville Crossing Shopping Center—the primary retail destination within a seven-mile radius—the property sits as an outlot to The Home Depot and Target, which attract a combined 1.7 million annual visitors. The center also features national brands such as QDOBA Mexican Eats, Panera Bread, Office Max, Dollar Tree, PetSmart, and more. Its high-visibility location near Illinois Highway 15, along with a strong surrounding population and commercial activity, makes it an ideal opportunity for retail investment.
Target Outlot - Add Value Retail Center
Investment Highlights
- The Property Underwent an Extended Receivership Process and was Ultimately Foreclosed | It is Now a REO Asset
- Value-Add Opportunity | 11,355 Square Feet of Vacant Space Available to Lease
- The Home Depot and Target Outlot | Target has 1.1 Million Annual Visitors and The Home Depot has 604,000 Annual Visitors (Placer.ai)
- Limited Competition | Main Retail Shopping Center Within a Seven Mile Radius
- Located at the On/Off Ramp of Illinois Highway 15 Which has a Traffic Count of 56,250 Vehicles per Day
Shopping Strip
Target Outlot - Add Value Retail Center
Listing Price: $2,100,000
Investment Highlights
- The Property Underwent an Extended Receivership Process and was Ultimately Foreclosed | It is Now a REO Asset
- Value-Add Opportunity | 11,355 Square Feet of Vacant Space Available to Lease
- The Home Depot and Target Outlot | Target has 1.1 Million Annual Visitors and The Home Depot has 604,000 Annual Visitors (Placer.ai)
- Limited Competition | Main Retail Shopping Center Within a Seven Mile Radius
- Located at the On/Off Ramp of Illinois Highway 15 Which has a Traffic Count of 56,250 Vehicles per Day
Investment Overview
This property underwent an extended receivership process, was ultimately foreclosed, and is now a bank-owned (REO) asset. It presents a strong value-add opportunity with 11,355 square feet of vacant space available for lease. Located in Belleville Crossing Shopping Center—the primary retail destination within a seven-mile radius—the property sits as an outlot to The Home Depot and Target, which attract a combined 1.7 million annual visitors. The center also features national brands such as QDOBA Mexican Eats, Panera Bread, Office Max, Dollar Tree, PetSmart, and more. Its high-visibility location near Illinois Highway 15, along with a strong surrounding population and commercial activity, makes it an ideal opportunity for retail investment.
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