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    200 Center Dr Alton, IL 62002

    Sponsored
    For Sale
    $795,000

    Prime Alton Office, 27,712 SF, $795K

    Property size:
    27,712 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional executive office building, located at 200 N Center Drive in Alton, Illinois, presents a compelling investment opportunity. The property boasts a substantial 27,712 square feet of office space situated on a generous 2.37-acre lot, offering ample room for expansion, including additional parking. Currently, the building houses a diverse tenant mix, including the Calc Institute of Technology, Urban Focus Planning & Design, Glamtagg, and Pristine Liquidations, along with seventeen or more coworking tenants. The asking price is $795,000, translating to a price per square foot of $28.69. Approximately 7,997 square feet of space is currently vacant, presenting a significant opportunity for increased revenue generation. The property's strategic location in Alton, within Madison County (zip code 62002), provides excellent access to key transportation routes and amenities. This well-maintained building offers a blend of established tenants and vacancy potential, making it an attractive proposition for investors seeking a strong return on investment in the thriving Alton market. The expansive lot size allows for future development and expansion to accommodate growing business needs. This is a rare opportunity to acquire a substantial and well-located office building in a desirable Illinois market.

    Property Features for 200 Center Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    27,712 SF
    Lot Size
    103,237 SF

    HighLights

    • Strong tenant roster including Caltech, Urban Focus Planning & Design, Glamtagg, and Pristine Liquidations.
    • Significant presence of approximately 17 coworking tenants.
    • 7,997 square feet of available space.
    • 2.37‑acre site allowing for future parking expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    CALC, Institute of Technology Vocational School Eye Envy Studio Permanent Make-Up Clinic Most Precious Promotions ... Entertainment Agency C & S 4 ... Clothing Store Most Precious Promotions ... Photo Booth

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.176039
    Latitude
    38.9274569

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Alton Office, 27,712 SF, $795K
    Where is this office property / space located?
    The property is located at 200 Center Dr Alton, IL.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Strong tenant roster including Caltech, Urban Focus Planning & Design, Glamtagg, and Pristine Liquidations.; Significant presence of approximately 17 coworking tenants.; 7,997 square feet of available space.
    Request Owner's contact information
    200 Center Dr Alton, IL 62002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 Center Dr Alton, IL 62002
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