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Freestanding Restaurant on 1.68 Acres
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181 Homer M Adams Pkwy, Alton, IL 62002

4,755 SF restaurant on 1.68 acres with high visibility.

Space Size4,755 SF
Lot Size1.68 Acres
Days on Market155

Property Features for 181 Homer M Adams Pkwy

General Information

Standard status Active
Size 4,755 SF
Lot size 1.68 Acres
Property subtype Retail
Lease Type NNN

Building Details

Year Built 1999
Tenancy Single

Spaces For Lease

at 181 Homer M Adams Pkwy Contact us

Available Space

Size
4,755 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: H3 Capital Real Estate
Listed By: Brendan Barone · License #IL 475.166300
Source: Crexi
Added: Mar 19 Changed: Aug 8 Last Checked: Aug 20 at 12:50AM

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 H3 Capital Real Estate

Investment Insights

Based on property information with market context.

This freestanding restaurant property offers 4,755 square feet of space on a 1.68-acre lot. Situated along Homer Adams Parkway (IL Route 111), the property benefits from strong visibility and traffic. Recent improvements include a new roof installed in 2021. The lease is structured as absolute NNN.

Key Highlights

  • Freestanding 4,755 SF restaurant on 1.68 acres.
  • Located on Homer Adams Parkway (IL Route 111) with strong visibility and traffic.
  • Absolute NNN lease structure for passive, zero‑management income.

Property Analytics

Current Use

IHOP Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store HVAC Service Kitchen & Bath Showroom Storage Facility

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

459
Businesses Nearby
230k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 40% Superstores 27% Apparel 17% Shops & Services 10%
Target Superstores
62,425 visits/mo 0.4 miles
JCPenney Apparel
39,710 visits/mo 0.3 miles
Taco Bell Dining
15,589 visits/mo 0.2 miles
Applebee's Dining
15,150 visits/mo 0.5 miles
Jack in the Box Dining
12,168 visits/mo 0.1 miles

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - 4,755 SF restaurant on 1.68 acres with high visibility.
Where is this conventional restaurant located?
The property is located at 181 Homer M Adams Pkwy Alton, IL.
What is the lease rate?
The lease rate is $120 SF/Yr.
What are key features of this property?
This property features: Freestanding 4,755 SF restaurant on 1.68 acres.; Located on Homer Adams Parkway (IL Route 111) with strong visibility and traffic.; Absolute NNN lease structure for passive, zero‑management income.
(618) 606-3829 Call to check price and availability
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