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Open-Plan Retail Space
New
For Lease
$13 SF/Yr

220 Regional Drive, Alton, IL 62002

COMMERCIAL - Alton, IL

Space Size4,436 SF
Lot Size0.48 Acres
Days on Market3

Property Features for 220 Regional Drive

General Information

Property type Commercial Lease
Property subtype Retail
Parking features Off Street
Subdivision Center Park South
Directions Homer Adams Parkway to Alton Square Mall Drive to Regional Drive.
Standard status Active
APN 23-2-07-01-05-101-003
Lot size 0.48 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description CENTER PARK SOUTH LOT 3
Tax Annual Amount 188990
Legal Description CENTER PARK SOUTH LOT 3

Utilities

Utilities Cable Available
Heating system Natural Gas, Forced Air
Cooling system Electric, Central Air
Water source Public

Building Details

Year built 1981
Floors in Building 1
Number of units 3
Building materials Brick, Glass
Roof type Rubber
Listing Agency: Coldwell Banker Brown Realtors · Coldwell Banker Real Estate
Listed By: Rick Lauschke · License #471000992
Added: Aug 14 Changed: Aug 15 Last Checked: Aug 16 at 2:06AM
MLS# 26052182

Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This approximately 4,436-square-foot retail suite offers a broad open sales area with storage and a half bath positioned toward the rear. The space previously operated as a fitness retail center and is housed in a 1981 brick-and-glass building with central air conditioning and forced-air natural gas heat. Public water and cable availability are also provided.

The property is adjacent to Homer Adams Parkway, across from Alton Square Mall and Alton Corners retail center. Human Motion Institute and Heights Finance are identified as anchor tenants within the surrounding retail setting. Off-street parking serves the property, and the site encompasses 0.4786 acres.

Key Highlights

  • Approximately 4,436 SF of retail space with a large open sales area
  • Rear storage area and half bath
  • Adjacent to Homer Adams Parkway

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Pharmacy Auto Parts Store

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

482
Businesses Nearby

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

Lease Benchmarks for Alton, IL

$13 /SF/Yr
Avg Asking Price
$13–$13 /SF/Yr
Price Range
6,157 SF
Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail suite with rear storage, a half bath, off-street parking, and immediate occupancy available.
Where is this retail space located?
The property is located at 220 Regional Drive Alton, IL.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: Approximately 4,436 SF of retail space with a large open sales area; Rear storage area and half bath; Adjacent to Homer Adams Parkway
More about this property
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