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    1520 Washington Ave Alton, IL 62002

    New
    For Sale
    $340,000

    Retail - Alton, IL

    Type:Retail
    Property size:
    19,534 SF
    Lot size:
    1.60 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 1520 Washington Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    23-2-08-07-10-103-017
    Parking
    95
    Size
    19,534 SF
    Lot size
    1.60 Acres

    Utilities

    Cooling system
    Central Air, Zoned

    Building Details

    Year built
    1971
    Building materials
    Brick, Brick Veneer
    Architectural style
    Other

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

    Listing agent Rick Lauschke (618) 465-2966 License #471.000992

    Listing date Dec 2, 2025

    MLS# 25055133 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 Bank Building in Alton

    This property, formerly a US Bank building in Alton, offers 9,677 square feet on the main level and approximately 9,000 square feet of finished lower level space, accessible by an elevator. The layout includes a number of offices, conference rooms, a kitchenette, and a safe deposit bank vault. There are approximately 100 parking spaces, with an additional lot available for further parking or construction. Zoned C-2 General Commercial, the property is suitable for various uses, including office, communications, education, retail, vocational schools, religious organizations, childcare centers, and medical offices. The property is located in a HUBZone. The combined average vehicles per day is 17,250. The parcels include 23-2-08-07-10-103-012, -03, 014.001, -014, -015, -016,-017. The lot size is 1.6 acres and the total property size is 19,534 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    U.S. Bank Branch Bank U.S. Bank-Mortgage Loan ... Mortgage Lender U.S. Bank ATM Atm Usbancorp Investment Atm US Bank Mortgage Mortgage Broker

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.14987102
    Latitude
    38.90063415

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    FAQs

    What type of property is this?
    Bank - Versatile commercial property with ample parking and finished lower level.
    Where is this bank located?
    The property is located at 1520 Washington Ave Alton, IL.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: - Large Commercial Space: 9,677 s.f. on main level with approximately 9,000 s.f. finished lower level.; - Ample Parking: Approximately 100 parking spaces plus an additional lot.; - Favorable Zoning: C-2 General Commercial allows for office, retail, education, medical, and other uses.
    (618) 465-2966
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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
    1520 Washington Ave Alton, IL 62002
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