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    121 W Elm St Alton, IL 62002

    New
    For Sale
    $285,000

    Commercial Sale - Alton, IL

    Property size:
    33,150 SF
    Lot size:
    2.18 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 12:06 am

    Property Features for 121 W Elm St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System, Smoke Detector(s)
    APN
    23-2-07-02-06-105-004
    Parking features
    Paved or Surfaced
    Exterior features
    Fencing
    Fencing
    Fenced
    Size
    33,150 SF
    Lot size
    2.18 Acres

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas

    Building Details

    Year built
    1907
    Building materials
    Block, Brick, Concrete, Glass
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Coldwell Banker Brown Realtors (618) 692-7290 [email protected]

    Listing agent David Lauschke (618) 465-2966 License #471000341

    Listing date Dec 4, 2025

    MLS# 24035610 Listing URL

    Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former School with Redevelopment Potential

    This former school building, located in Alton, Illinois, presents an investment opportunity for developers, entrepreneurs, or community leaders. The property features classic architectural elements, high ceilings, and large windows that provide natural light. The 33,150 square foot building includes multiple classrooms, a gymnasium, an auditorium, a kitchen, and administrative offices, offering various layout possibilities. The 2.18-acre lot includes a spacious outdoor area suitable for recreational activities or expansion. The property could be redeveloped into loft apartments or a condominium complex with communal spaces, gardens, and outdoor recreation areas. The building is also suitable for a private school, daycare center, or vocational training center.
    Insight Report Location Intelligence

    Current Use by Public Records

    McKinley Elementary School Elementary School

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.187101
    Latitude
    38.920375

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    FAQs

    What type of property is this?
    School - Former school building suitable for redevelopment in Alton, Illinois.
    Where is this school located?
    The property is located at 121 W Elm St Alton, IL.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: - Adaptable space suitable for residential, commercial, or community use.; - Historic building with **classic architectural features, high ceilings, and large windows.**; - Multiple classrooms, gymnasium, auditorium, kitchen, and offices offer diverse layout options.
    (618) 465-2966
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    121 W Elm St Alton, IL 62002
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    Alton, IL 62002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    121 W Elm St Alton, IL 62002
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