Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    2600 Homer M Adams Pkwy Alton, IL 62002

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land with great exposure and ample parking on Homer Adams.

    Lot size:
    1.86 Acres

    Property Features for 2600 Homer M Adams Pkwy

    General Information

    Lot size
    1.86 Acres

    We can help!

    Listing Contact
    Joe Ciapciak
    Joe Ciapciak
    Source: Moodyscre

    Listing Agent: Joe Ciapciak

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Land on Homer Adams

    This commercial land is conveniently positioned along a primary retail corridor, offering great exposure from Homer Adams Parkway. The location benefits from signalized access and ample parking. Traffic volume on Homer Adams Parkway is approximately 17,100 vehicles per day.
    Location Intelligence

    Current Use by Public Records

    Produce Patch Grocery Store Alton Farm & Home ... Department Store

    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
    -90.148319
    Latitude
    38.915341

    Nearby Similar for Sale

    • $225,000
      3,062 SF

      Commercial Building with Income Apartment

      All-brick commercial building with income-producing apartment in high-traffic area.
      2248 E Broadway, Alton, IL 62002
      View Details
    • $340,000
      19,534 SF

      Former Bank Building in Alton

      Versatile commercial property with ample parking and finished lower level.
      1520 Washington Ave, Alton, IL 62002
      View Details
    • New
      $220,000
      1,443 SF

      Alton Multifamily Property with Cottage

      Multifamily property featuring a main residence and separate cottage.
      3302 College Ave, Alton, IL 62002
      View Details
    • $4,000,000
      64,800 SF

      Medical Office Building For Sale

      64,800 SF medical office building on 4.3 acres.
      1 Professional Dr, Alton, IL 62002
      View Details
    • $589,000
      3,000 SF

      Turnkey Irish Pub in Alton

      Established Irish pub for sale in historic downtown Alton, Illinois.
      200 State St, Alton, IL 62002
      View Details
    • $550,000
      7,126 SF

      Retail, Warehouse, and Restaurant Space

      Commercial property featuring retail, warehouse, and restaurant spaces for sale.
      1856 E Broadway, Alton, IL 62002
      View Details
    • $285,000
      33,150 SF

      Former School with Redevelopment Potential

      Former school building suitable for redevelopment in Alton, Illinois.
      121 W Elm St, Alton, IL 62002
      View Details
    • $550,000
      2,900 SF

      Turn-Key Automotive Shop Opportunity

      Fully equipped automotive shop in high-traffic Alton location.
      808 E Broadway, Alton, IL 62002
      View Details
    • $250,000
      2,263 SF

      Alton Mixed-Use Commercial Opportunity

      Versatile commercial building with storefront, garage, and unfinished basement.
      2517 College Ave, Alton, IL 62002
      View Details
    • $110,000
      0.11 Acres

      Alton, IL Investment Duplex

      Duplex in Christian Hill, walking distance to downtown Alton.
      314 W 4Th St, Alton, IL 62002
      View Details
    • $79,900
      984 SF

      Alton Commercial Building For Sale

      Commercial building in Alton, Illinois, suitable for various applications.
      2201 State St, Alton, IL 62002
      View Details
    • New
      $149,900
      4,687 SF

      Mixed-Use Building in HUB Zone

      Two-story mixed-use building with retail, office, and warehouse potential.
      1850 E Broadway, Alton, IL 62002
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land with great exposure and ample parking on Homer Adams.
    Where is this commercial land located?
    The property is located at 2600 Homer M Adams Pkwy Alton, IL.
    What are key features of this property?
    This property features: - Great exposure from Homer Adams Parkway.; - Conveniently positioned along primary retail corridor.; - Homer Adams Parkway: 17,100 VPD.
    (314) 785-7700
    Request Owner's contact information
    2600 Homer M Adams Pkwy 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.
    2600 Homer M Adams Pkwy
    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
    2600 Homer M Adams Pkwy 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
    Joe Ciapciak
    Joe Ciapciak
    (314) 785-7700
    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.