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Property profile & analytics
OFF-MARKET
Warehouses

2900 Fosterburg Rd Godfrey, IL 62035

Property ID
Property summary
AI-generated overview

This exceptional 46,609 sq ft lot at 2900 Fosterburg Road in Alton, Illinois (zip code 62035), presents a compelling investment opportunity. Priced at $200,000, this surveyed property boasts excellent visibility with 130 feet of frontage on Fosterburg Road. Its strategic location offers easy access to I-255 and IL Route 140, ensuring convenient transportation links. The property is situated within the Alton city limits and benefits from the availability of all public utilities. A completed Phase 1 environmental assessment ensures a clean slate for development. The existing zoning allows for industrial use, but the property offers significant flexibility with the potential for rezoning to commercial or multifamily residential uses, expanding development options. This is a ready-to-develop site, ideal for various projects. Please note that additional adjacent land is also available for purchase. This property is a rare find, combining prime location, accessibility, and development potential in a thriving area.

Property profile
Verified
Property type Warehouses
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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