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    309 Homer M Adams Pkwy Alton, IL 62002

    Sponsored
    For Lease
    Contact for pricing

    Prime Alton, IL retail space; 3 units available.

    Lot size:
    50,063 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    Alton Corners Shopping Center offers exceptional retail space in a high-traffic location on Homer Adams Parkway, the main retail corridor in Alton, Illinois. This Class A, single-story center boasts a total of 50,063 square feet, with three available spaces ranging from 1,500 to 3,500 contiguous square feet. Currently, 5,000 square feet are vacant. The center enjoys a strong tenant mix, including nationally recognized brands such as Applebee's, Fantastic Sam's, Firehouse Subs, Mattress Firm, Petco, DaVita, and Office Depot. Its strategic location in Alton, just 15 miles north of downtown St. Louis, Missouri, places it within the Metro-East region of the Greater St. Louis metropolitan area. Alton's robust economy is driven by major employers like Olin Brass Corporation and Alton Memorial Hospital. The center benefits from its proximity to significant retailers including Lowe's, Target, Kohl's, Home Depot, and Alton Square Mall, creating a powerful synergy and high consumer traffic. This prime retail opportunity presents a unique chance to establish or expand your business in a thriving market with excellent visibility and accessibility. The minimum divisible space is 1,500 square feet. This property is ideal for restaurants, retail, or medical businesses.

    Property Features for 309 Homer M Adams Pkwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,063 SF
    Class
    A

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    317G
    Size
    2,000 SF
    Space
    317C
    Size
    1,500 SF
    Space
    317A
    Size
    2,500 SF

    HighLights

    • Class A retail center totaling 50,063 square feet.
    • Multiple tenancy with spaces ranging from 1,500 to 3,500 contiguous square feet available.
    • 5,000 square feet of vacant space currently available.
    • Located in Alton, Illinois, a major trade area on Homer Adams Parkway, the primary gateway to St. Louis.
    • Strong co‑tenancy including Applebee's, Fantastic Sam's, Firehouse Subs, Mattress Firm, Petco, DaVita, and Office Depot, with shadow anchors Lowe's, Target, Kohl's, Home Depot, and Alton Square Mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Davita Dialysis Local Medical Services DaVita Alton Dialysis Medical Center Quick Dumpsters Cheap ... Garbage Collection Service Sun Heating & Air ... Repair Service

    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
    -90.171676560794
    Latitude
    38.919202390777

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    FAQs

    What type of property is this?
    Restaurant - Prime Alton, IL retail space; 3 units available.
    Where is this restaurant located?
    The property is located at 309 Homer M Adams Pkwy Alton, IL.
    What are key features of this property?
    This property features: Class A retail center totaling 50,063 square feet.; Multiple tenancy with spaces ranging from 1,500 to 3,500 contiguous square feet available.; 5,000 square feet of vacant space currently available.
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    309 Homer M Adams Pkwy 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
    309 Homer M Adams Pkwy Alton, IL 62002
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