Building Details

Units 152

Listing Agency: t***@nmrk.com Show Phone

Listed By: Tom Maloney · License ##2016000516

Source: Nmrk

Added: Jan 27 Changed: Aug 9 Last Checked: Aug 11 at 5:39AM

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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 Tom Maloney

Investment Insights

Based on property information with market context.

Chouteau Bay Apartments is a 152-unit community built in phases with an average 1993 vintage, featuring all two-bedroom floor plans. Recent capital improvements include new siding, decks, parking lots, system upgrades, and refreshed unit interiors. The property is located adjacent to the Gateway Commerce Center, a 2,300-acre industrial park with over 16 million square feet of industrial space and major employers such as Amazon, World Wide Technology, Unilever, Proctor & Gamble and Dial. It is also located within a 10-minute drive to the Southern Illinois University Edwardsville campus, home to more than 12,000 students in Fall 2025. Chouteau Bay offers a central location minutes from Edwardsville, one of Southern Illinois’ fastest-growing communities with top-rated schools and nearly $140 million in public and private investment in 2024. Immediate access to I-270 and I-255 provides excellent regional connectivity, including a ten-minute commute to Downtown St. Louis, Missouri. There is no new apartment supply in the immediate area, and limited development in Edwardsville further supports sustained long-term rent growth. The property is offered free and clear of existing debt, providing investors the flexibility to secure competitive financing.

Key Highlights

• Proximity to major employers like Amazon and World Wide Technology, plus the Gateway Commerce Center.
• Immediate revenue growth potential through loss‑to‑lease capture of approximately $160 per unit and standard fee implementation.
• Free and clear of existing debt, offering financing flexibility.

Property Analytics

Current Use

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Restaurant Spa & Massage Center Hair Salon Building Supply Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

62

Businesses Nearby

Explore this area Business Placement

Demographics for 62040, IL

40,872

Population

18,842

Households

2.2

Avg Household Size

41

Median Age

16%

College-Educated

89%

High-School Grad

39.9 sq mi

ZIP Area

1,024

Density / Sq Mi

$60,558

Median Household Income

$40,963

Median Earnings

$852

Median Rent

$106,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - 152-unit apartment community near Gateway Commerce Center and major employers.

Where is this apartment building located?

The property is located at 101 Whitsell Way Pontoon Beach, IL.

What are key features of this property?

This property features: Proximity to major employers like Amazon and World Wide Technology, plus the Gateway Commerce Center.; Immediate revenue growth potential through loss‑to‑lease capture of approximately $160 per unit and standard fee implementation.; Free and clear of existing debt, offering financing flexibility.