Former School with Redevelopment
For Sale
$285,000
121 W Elm Street, Alton, IL 62002
Former school building suitable for residential or community redevelopment.
Property Size33,150 SF
Price / SF$8.60
Days on Market891
Property Features for 121 W Elm Street
General Information
Standard status
Active
Size
33,150 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$15,562
Amenities
3
Asphalt, Paved Driveway.
Building Details
Year Built
1907
Listing Agency:
Coldwell Banker Brown Realtors
(618) 465-2966
Listed By:
David Lauschke · License #471000341
(618) 977-7912
Source:
Xome
Added: May 19, 2024
Changed: Oct 25
Last Checked: Oct 25 at 10:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Brown Realtors
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Investment Insights
Based on property information with market context.
This former school building presents a unique opportunity for redevelopment. The property features classic architectural elements, high ceilings, and large windows that provide ample natural light. The interior includes multiple classrooms, a gymnasium, an auditorium, a kitchen, and administrative offices, offering diverse layout possibilities. An expansive outdoor area is suitable for recreational activities or future expansion. The property is suitable for conversion into loft apartments or a condominium complex, with space for communal areas, gardens, and outdoor recreation. It is also suitable for use as a private school, daycare center, or vocational training center.
Key Highlights
- Adaptable former school building suitable for residential or commercial redevelopment.
- Classic architectural features, high ceilings, and large windows providing natural light.
- Multiple classrooms, gymnasium, auditorium, kitchen, and offices offer layout flexibility.
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Current Use
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
School - Former school building suitable for residential or community redevelopment.
Where is this school located?
The property is located at 121 W Elm Street Alton, IL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Adaptable former school building suitable for residential or commercial redevelopment.; Classic architectural features, **high ceilings, and large windows providing natural light.**; Multiple classrooms, gymnasium, auditorium, kitchen, and offices offer layout flexibility.
