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Shopping Strip

Target Outlot - Add Value Retail Center

5600 Belleville Crossing St, Belleville, IL 62226

Listing Price: $2,100,000

Gross SF
12,755
Rentable SF
12,755
Price/Gross SF
$164.64
Lot Size
1.81 acres
Year Built
2008

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.

Investment Highlights

  • The Property Underwent an Extended Receivership Process and was Ultimately Foreclosed | It is Now a R.E.O 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

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Financing By

Shopping Strip

Target Outlot - Add Value Retail Center

Listing Price: $2,100,000

Gross SF
12,755
Rentable SF
12,755
Price/Gross SF
$164.64
Lot Size
1.81 acres
Year Built
2008

Investment Highlights

  • The Property Underwent an Extended Receivership Process and was Ultimately Foreclosed | It is Now a R.E.O 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.

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Financing By

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