3505 College Ave Alton, IL 62002
One-story building divided into two occupied spaces with finished interior area, newer HVAC, and a large parking lot.
- Added:
- Jun 29, 2026
- Days on Market:
- 13
- Last Refresh:
- Jul 10 at 3:36 am
Property Features for 3505 College Ave
General Information
- Standard status
- Active
- Size
- 3,600 SF
Listing office Tarrant and Harman Real Estate and Auction Co (618) 974-9259
Listing date Jun 29, 2026
Source Exprealty
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 Tarrant and Harman Real Estate and Auction Co
Investment Insights
Based on property information with market context.
The building is located at 3505 College Ave in Alton, IL, with convenient access from College Avenue. It is also close to Homer Adams Pkwy and I-255.
Showings are available by appointment only. The existing two-space layout and occupancy may be of interest to investors or owner-users seeking a turnkey commercial asset.
Key Highlights
- One‑story commercial building divided into two spaces; both are currently occupied
- Nearly 3,600 sq ft of finished interior space
- Large parking lot included
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.4k | $24.00 |
| − Vacancy | −$10.4k | −$2.88 |
| EGI | $76.0k | $21.12 |
| − OpEx | −$19.0k | −$5.28 |
| NOI | $57.0k | $15.84 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
Similar Off Market Nearby
- Formea Animal Hospital — 1639 Main St, Alton, IL 62002
