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    3412 Fosterburg Rd Alton, IL 62002

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    For Lease
    $2,948 /Mo

    Commercial land suitable for various development projects, high-traffic location.

    Lot size:
    1.31 Acres

    Property Features for 3412 Fosterburg Rd

    General Information

    Lot size
    1.31 Acres

    Source: Kramer Commercial Realty Agent Ronald Kramer

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

    Overview

    Commercial Land Ready For Development

    This commercial land is suitable for various development projects, including a bank, fast food restaurant, retail space, office building, or storage units. A permanent easement with extra parking is included. The property is located near residential houses, apartments, and the SIUE dental school. Situated seconds from highway 255, the location benefits from traffic counts around 14,500 daily. Traffic counts on Fosterburg Rd. exceed 7,000 daily. The property is next to the Moonlight Restaurant, a gas station, a car wash, and a residential neighborhood.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Pharmacy Department Store Storage Facility HVAC Service Bar & Pub Discount Store Pawn Shop Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.107696
    Latitude
    38.922184

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    FAQs

    What type of property is this?
    Commercial land - Commercial land suitable for various development projects, high-traffic location.
    Where is this commercial land located?
    The property is located at 3412 Fosterburg Rd Alton, IL.
    What are key features of this property?
    This property features: - High traffic location: Seconds from highway 255 (14,500 daily traffic count) and Fosterburg Rd. (7,000+ daily traffic count).; - Versatile Use: Suitable for bank, fast food, retail, office building, storage units, or more.; - Permanent easement with extra parking.
    (314) 221-6276
    Request Owner's contact information
    3412 Fosterburg Rd 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
    3412 Fosterburg Rd Alton, IL 62002
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