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    100 Lovejoy Ln Alton, IL 62002

    Sponsored
    For Sale
    $300,000

    6,600 SF, 200 Parking Spaces, $300K

    Property size:
    6,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 100 Lovejoy Lane in Alton, Illinois, presents a unique investment opportunity. The 6,600 square foot, single-story building sits on approximately two acres and includes a spacious parking lot with 200 spaces. Currently configured with office space, a kitchen, bathrooms, and an event space, the property requires a complete remodel. The 30-foot ceilings offer significant potential for creative repurposing. Zoned for a variety of uses, including corporate office space, event venues, churches, senior centers, fitness centers, adult day care facilities, and retail spaces, this property offers considerable flexibility. Its prime location, just two blocks from Homer Adams Parkway, Lowe's, and other amenities in the 62002 zip code, ensures high visibility and accessibility. The sale includes the building and parking lot only

    Property Features for 100 Lovejoy Ln

    General Information

    Property type
    Churches & religious facilities
    Square Feet
    6,600 SF
    Class
    C

    Building Details

    Stories
    1

    HighLights

    • 6,600 SF single‑story building on ~2 acres in Alton, IL.
    • 200‑space parking lot included.
    • Requires complete remodel; features 30‑foot ceilings.
    • Zoned for multiple uses including office, event venue, retail, and more.
    • Prime location, two blocks from Homer Adams Parkway and other amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.1603276
    Latitude
    38.9144703

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    FAQs

    What type of property is this?
    Church & religious facility - 6,600 SF, 200 Parking Spaces, $300K
    Where is this church & religious facility located?
    The property is located at 100 Lovejoy Ln Alton, IL.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: 6,600 SF single-story building on ~2 acres in Alton, IL.; 200-space parking lot included.; Requires complete remodel; features 30-foot ceilings.
    Request Owner's contact information
    100 Lovejoy Ln 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
    100 Lovejoy Ln Alton, IL 62002
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