Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    20 E Airline Ct East Alton, IL 62024

    View on Map
    Sponsored
    For Sale
    $79,900

    Residential - East Alton, IL

    Days on Market:
    331
    Last Refresh:
    Mar 24 at 5:06 am

    Property Features for 20 E Airline Ct

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    19-2-08-15-12-201-007

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Paige E Davis

    KEY REAL ESTATE

    Listing agent Paige E Davis License #475182630

    Listing date Apr 28, 2025

    MLS# 18081663 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Lot in Prime Location

    This vacant lot, containing 15,560 square feet, is situated in a prime commercial development area. Located at the northeast lighted intersection of Airline Drive and 9th Street, it fronts a four-lane street. The surrounding area features established commercial uses on the other three corners. The parcel number is 19-2-08-15-12-201-007.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    East Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.082396
    Latitude
    38.886622

    Nearby Similar for Sale

    • $229,900
      4,658 SF

      East Alton Commercial Office Building

      Commercial office building with multiple offices, high traffic location.
      344 W Saint Louis Ave, East Alton, IL 62024
      View Details
    • $400,000
      39,000 SF

      East Alton Retail/Office Buildings

      Two brick buildings totaling 39,000 SF on 3.3 acres.
      655 Berkshire Blvd, East Alton, IL 62024
      View Details
    • $175,000
      2,353 SF

      East Alton Retail/Office Opportunity

      Commercial building with over 3400 SF of usable space.
      122 Virginia St, East Alton, IL 62024
      View Details
    • $60,000
      2,100 SF

      East Alton Commercial Building Sale

      Commercial building suitable for various businesses in centralized location.
      25 S 9Th St, East Alton, IL 62024
      View Details
    • $130,000
      Pending

      East Alton Multifamily Income Property

      Multifamily unit with income potential in East Alton, Illinois.
      111 Henry St, East Alton, IL 62024
      View Details
    • $175,000
      2,353 SF

      East Alton Commercial Office Building

      Commercial building with over 3400 SF of usable space.
      122 Virginia St, East Alton, IL 62024
      View Details
    • $94,900
      Pending

      Turnkey Duplex in East Alton

      East Alton duplex, ideal for investors, generating net positive ROI.
      300 Cobb St, East Alton, IL 62024
      View Details
    • $65,000
      2,100 SF

      Versatile Commercial Building For Sale

      Adaptable commercial building suitable for various business types.
      25 S 9Th St, East Alton, IL 62024
      View Details
    • $79,900
      1,288 SF

      East Alton Income Property

      Three-unit residential income property in East Alton, Illinois.
      187 Goulding St, East Alton, IL 62024
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant 15,560 sq ft lot in commercial development area.
    Where is this commercial land located?
    The property is located at 20 E Airline Ct East Alton, IL.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: - Prime commercial development area.; - Located at a lighted intersection of Airline Drive and 9th Street.; - Fronts a 4-lane street.
    (618) 200-1896
    Request Owner's contact information
    20 E Airline Ct East Alton, IL 62024
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20 E Airline Ct
    East Alton, IL 62024
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    20 E Airline Ct East Alton, IL 62024
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Paige E Davis
    Real Estate License ID: 475182630
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!