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

220 Regional Drive, Alton, IL 62002

Commercial Lease, Alton, IL

Space Size4,436 SF
Lot Size0.48 Acres
Days on Market51

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 Forced Air, Natural Gas
Cooling system Electric, Central Air
Water source Public

Amenities

storage
half bath

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 15 Changed: Sep 28 Last Checked: Oct 4 at 2:06PM
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 area supported by rear storage and a half bath. The space previously operated as a fitness retail center and is available for immediate occupancy. Construction includes brick and glass, with natural-gas forced-air heat, central air, and electric cooling. Off-street parking is provided, and the property has public water and cable availability.

Located at 220 Regional Drive in Alton, the property sits 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. The 0.4786-acre property was built in 1981 and is offered under an NNN lease structure.

Key Highlights

  • Approximately 4,436 SF of open retail area
  • Rear storage area and half bath
  • Available for immediate occupancy

Property Analytics

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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

Multi-tenant
Tenancy
Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

482
Businesses Nearby
425k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 28% Dining 25% Superstores 15% Home Improvements & Furnishings 13%
Target Superstores
62,425 visits/mo 0.1 miles
JCPenney Apparel
39,710 visits/mo 0.3 miles
Kohl's Apparel
30,927 visits/mo 0.5 miles
Lowe's Home Improvements & Furnishings
28,785 visits/mo 0.3 miles
Five Below Shops & Services
28,255 visits/mo 0.5 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Alton, IL

$12.98 /SF/Yr
Avg Asking Price
$12.82–$13 /SF/Yr
Price Range
4,011 SF
Avg Space Size

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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Frequently Asked Questions

What type of property is this?
Retail space - Open commercial layout with rear storage and a half bath is available for immediate occupancy.
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 open retail area; Rear storage area and half bath; Available for immediate occupancy
More about this property
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