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Multi-Building Shopping Center
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2811 - 2851 Homer M Adams Parkway, Alton, IL 62002

Includes grocery, retail, and former department-store components within a large commercial property.

Property Size146,840 SF
Days on Market144

Property Features for 2811 - 2851 Homer M Adams Parkway

General Information

Standard status Active
Size 146,840 SF
Property subtype Retail

Financials

Asking Price $4,400,000
Cap Rate 8.75%

Additional Details

Anchor Co-Tenants Schnucks, Rent-A-Center

Building Details

Tenancy Multi
Listing Agency: CBRE - Little Rock, Arkansas
Listed By: Nick Garavaglia · License #MO
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 11:10AM

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 CBRE - Little Rock, Arkansas

Investment Insights

Based on property information with market context.

Seminary Plaza is a shopping center offered for sale at 2811 - 2851 Homer M Adams Parkway in Alton, Illinois. The property encompasses more than 25 acres and approximately ±146,840 square feet of building area, including a Schnucks grocery store, a Rent-A-Center location, and a former Kmart building.

The former Kmart component contains approximately ±84,180 square feet and is accompanied by an adjacent ±1 acre parcel. The property brings occupied retail components together with a separate former department-store building and adjoining land within the same center.

Key Highlights

  • 25+ acre shopping center at 2811 - 2851 Homer M Adams Parkway, Alton, IL 62002
  • Approximately ±146,840 square feet of building area
  • Includes a Schnucks grocery store and Rent‑A‑Center

Property Analytics

Current Use

CVS Pharmacy Pharmacy MoneyGram Bank U.S. Bank ATM Atm Coinhub Bitcoin ATM ... Atm Schnucks Alton Pharmacy

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply HVAC Service Hair Salon Spa & Massage Center

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

Location Intelligence

Trade Area within ½ mile

253
Businesses Nearby
136k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 40% Dining 34% Home Improvements & Furnishings 13% Shops & Services 13%
Schnucks Groceries
27,823 visits/mo 0.1 miles
McDonald's Dining
23,267 visits/mo 0.4 miles
Aldi Groceries
22,195 visits/mo 0.1 miles
White Castle Dining
9,811 visits/mo 0.3 miles
Harbor Freight Tools Home Improvements & Furnishings
9,477 visits/mo 0.2 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
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Includes grocery, retail, and former department-store components within a large commercial property.
Where is this shopping center located?
The property is located at 2811 - 2851 Homer M Adams Parkway Alton, IL.
What are key features of this property?
This property features: 25+ acre shopping center at 2811 - 2851 Homer M Adams Parkway, Alton, IL 62002; Approximately ±146,840 square feet of building area; Includes a Schnucks grocery store and Rent‑A‑Center
(314) 655-6000 Call to check price and availability
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