Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    92 Northport Dr Alton, IL 62002

    Sponsored
    For Lease
    $13 SF/Yr

    Retail - Alton, IL

    Type:Retail
    Property size:
    21,625 SF
    Lot size:
    2.00 Acres
    Days on Market:
    18
    Last Refresh:
    Jan 24 at 2:06 am

    Property Features for 92 Northport Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Security features
    Smoke Detector(s)
    APN
    23-2-01-35-19-401-029
    Parking
    100
    Parking features
    Parking Lot
    Size
    21,625 SF
    Lot size
    2.00 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1975
    Number of units
    6
    Building materials
    Concrete, Steel Siding, Stucco
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Rick Lauschke
    Rick Lauschke

    Coldwell Banker Brown Realtors (618) 692-7290

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

    Listing date Jan 7, 2026

    MLS# 25082582 Listing URL

    Copyright © 2026 MARIS. 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

    Prime Corner Retail Space Available

    This retail space, previously occupied by a Jimmy John's restaurant, is located on a prominent corner with excellent visibility to Hwy 67 (Martin Luther King Blvd), Homer Adams Parkway, and Center Drive. The location benefits from an average daily traffic count of approximately 23,150 combined vehicles per day. The property features large display windows, open ceilings, and an open floor plan. It includes two ADA-compliant restrooms. Exterior tenant signage is available. The space is suitable for various uses, including retail, professional services, medical, legal, dental, hair salon/barber shop, and franchise operations. The property is zoned C-2 General Commercial. The site has a lot size of 2 acres. Current tenants include Halpin Music Store and the Illinois National Guard Recruiting Office. The tenant is responsible for their pro-rata share of Common Area Maintenance, Real Estate Taxes, and insurance. Additional lease spaces are available within the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.18234898
    Latitude
    38.92482919

    Nearby Similar for Lease

    • $12 SF/Yr
      133,154 SF

      Versatile Industrial Space in Godfrey

      Industrial property with office and shop space for lease.
      4436 Industrial Dr, Alton, IL 62002
      View Details
    • $950 /Mo
      10,955 SF

      Commercial Space in Alton, IL

      One-story brick building suitable for commercial use in Alton.
      2201 State St, Alton, IL 62002
      View Details
    • $13 SF/Yr
      21,625 SF

      Alton Retail Space with Visibility

      Retail space with high visibility and flexible usage options.
      96 Northport Dr, Alton, IL 62002
      View Details
    • $13 SF/Yr
      21,625 SF

      Alton Retail Space For Lease

      Retail space with high visibility and flexible usage options available.
      90 Northport Dr, Alton, IL 62002
      View Details
    • New
      $13 SF/Yr
      21,265 SF

      Visible Retail/Office Space on Highway

      Retail or office space with high visibility and ADA accessibility.
      94 Northport Dr, Alton, IL 62002
      View Details
    • $1,800 /Mo
      1,685 SF

      Visible Retail/Office Center For Rent

      Retail/office space with easy access and ample parking available for rent.
      2600 State St, Alton, IL 62002
      View Details
    • $13 SF/Yr

      Alton Office/Retail Space For Rent

      Highly visible office/retail space near Alton Square Mall.
      235 E Center Dr, Alton, IL 62002
      View Details
    • $700 /Mo
      30,980 SF

      Alton Office Space for Lease

      Office space available in full-service building with parking.
      307 Henry St, Alton, IL 62002
      View Details
    • $665 /Mo
      500 SF

      Office Space in Honke Building

      500 SF office space available for lease in Alton.
      307 Henry St, Alton, IL 62002
      View Details
    • $6 SF/Yr
      43,000 SF

      Alton Warehouse/Manufacturing Space Available

      43,000 SF warehouse/manufacturing space for lease in Alton, IL.
      2515-2525 E Broadway, Alton, IL 62002
      View Details
    • Contact for pricing
      24,302 SF

      Alton Retail Space: Beltline Center

      Prime Alton retail space available.
      2600 Homer Adams Pkwy, Alton, IL 62002
      View Details
    • Contact for pricing
      3,630 SF

      Alton Retail Space For Lease

      High-traffic location, two spaces available.
      1750 Homer M Adams Pkwy, Alton, IL 62002
      View Details

    FAQs

    What type of property is this?
    Retail space - Corner retail space with high visibility and flexible use options.
    Where is this retail space located?
    The property is located at 92 Northport Dr Alton, IL.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility corner location with excellent exposure to Hwy 67, Homer Adams Parkway, and Center Drive.; - Versatile C-2 General Commercial zoning allows for a wide range of uses (retail, professional services, medical, etc.).; - High traffic count of approximately 23,150 combined VPD.
    (618) 444-9182
    Request Owner's contact information
    92 Northport Dr Alton, IL 62002
    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.
    92 Northport Dr
    Alton, IL 62002
    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
    92 Northport Dr Alton, IL 62002
    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
    Rick Lauschke
    Rick Lauschke
    Real Estate License ID: 471.000992
    (618) 444-9182
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.