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Office Unit in Retail Center
For Lease
$13 SF/Yr NNN

235 E Center Drive, Alton, IL 62002

Commercial Lease, Alton, IL

Space Size1,544 SF
Days on Market125

Property Features for 235 E Center Drive

General Information

Property type Commercial Lease
Property subtype Office
Parking 10
Parking features Parking Lot
Subdivision Northport Meadows
Standard status Active
APN 23-1-01-36-17-301-006

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 24169

Utilities

Utilities Cable Available
Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1992
Floors in Building 1
Building materials Block, Brick Veneer
Roof type Rubber
Listing Agency: Coldwell Banker Brown Realtors · Coldwell Banker Real Estate
Listed By: Rick Lauschke · License #471000992
Added: May 8 Changed: Sep 4 Last Checked: Sep 9 at 1:06PM
MLS# 25066838

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.

Investment Insights

Based on property information with market context.

The 1,544-square-foot suite offers a flexible office layout with an open front area, two private offices, a bathroom, and rear storage. The property was built in 1992 and features block and brick veneer construction, forced-air heating, central air, a rubber roof, public water, and cable availability. On-site parking is provided by a parking lot.

Positioned across from Alton Square Mall, the office and retail center is adjacent to the mall and includes tenants such as Quest, C.J. Schlosser, Riverbend Animal Hospital, and Southwestern Hearing Center. The suite is available for immediate occupancy and is offered under an NNN lease structure, with the tenant responsible for its pro rata share of taxes, insurance, and common area expenses.

Key Highlights

  • 1,544‑square‑foot suite with open front area, two offices, bathroom, and rear storage
  • Across from Alton Square Mall and adjacent to the mall
  • Located in a center with Quest, C.J. Schlosser, Riverbend Animal Hospital, and Southwestern Hearing Center

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom Electrical Service Storage Facility (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

462
Businesses Nearby

Demographics for 62002, IL

30,176
Population
14,832
Households
2
Avg Household Size
41
Median Age
24%
College-Educated
92%
High-School Grad
41.3 sq mi
ZIP Area
731
Density / Sq Mi
$57,851
Median Household Income
$38,120
Median Earnings
$941
Median Rent
$114,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Alton, IL

$13.22 /SF/Yr
Avg Asking Price
$12.82–$15.96 /SF/Yr
Price Range
4,225 SF
Avg Space Size

This space is priced 2% below the average of $13.22 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office and retail suite with multiple rooms, storage, central air, and parking lot access.
Where is this office units located?
The property is located at 235 E Center Drive Alton, IL.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: 1,544‑square‑foot suite with open front area, two offices, bathroom, and rear storage; Across from Alton Square Mall and adjacent to the mall; Located in a center with Quest, C.J. Schlosser, Riverbend Animal Hospital, and Southwestern Hearing Center
More about this property
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