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    538 E Broadway St Alton, IL 62002

    For Sale
    $1,200,000

    Unimproved Land - Alton, IL

    Type:Unimproved Land
    Property size:
    49,739 SF
    Days on Market:
    59
    Last Refresh:
    Dec 13 at 5:06 am

    Property Features for 538 E Broadway St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    23-2-07-14-08-203-008.001
    Size
    49,739 SF

    Building Details

    Year built
    1950
    Building materials
    Block, Brick, Concrete, Wood Siding
    Architectural style
    Other

    RE/MAX Alliance (618) 975-6043 [email protected]

    Listing agent Lisa Funk (618) 466-7100 License #471000228

    Listing date Oct 16, 2025

    MLS# 25025140 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

    Alton, IL Commercial Land Package

    This package deal includes five commercial/multi-use properties. The properties are located at 528 E. Broadway, Alton; 538 E. Broadway, Alton; 720 Henry Street, Alton; 27 East Ferguson, Wood River; and 55 East Ferguson, Wood River. The buildings total 37,739 square feet, and the land totals 43,049 square feet. The property at 538 E Broadway Street, Alton, IL 62002 has a total of 49,739 square feet. All properties feature mainly masonry construction and have very high visibility. This package offers a diversified investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.178137
    Latitude
    38.88986

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    FAQs

    What type of property is this?
    Commercial land - Package deal: five commercial/multi-use properties with high visibility.
    Where is this commercial land located?
    The property is located at 538 E Broadway St Alton, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Package deal includes 5 commercial/multi-use properties.; - Total of 37,739 sq. ft. in all buildings.; - Total of 43,049 sq. ft. of land.
    (618) 466-7100
    Request Owner's contact information
    538 E Broadway 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
    538 E Broadway St Alton, IL 62002
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