1 Professional Dr Alton, IL 62002
Property profile & analytics
1 Professional Dr Alton, IL 62002
- Office Spaces
- 64,260 SF
- 2.04 lot acres
Property ID
US28-3322385
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Shields Family Pharmacy / Pharmacy
- Dr. Daniel P. Joseph, MD / Ophthalmologist
- Dr. Matthew A. Thomas, MD / Physician
- B & D Pharmacy / Pharmacy
- Kelly J Lindsey, MD / Pediatrician / Medical Clinic
Property Details for 1 Professional Dr
- Year built
- 1994
- Lot size
- 2.04 lot acres
- Property size
- 64,260 SF
- Property type
- Office Spaces
- APN
- 23-2-08-08-05-101-054
- APU
- 232080805101054
Description
This exceptional investment opportunity presents a 64,800 square foot medical office building situated on a 4.33-acre lot in Alton, Illinois. The building boasts approximately 54,000 rentable square feet, with over half currently leased under 2-5 year NNN leases to a major St. Louis-based healthcare system and two other prominent medical tenants. The two-story building, including a lower level, features a spacious lobby, restrooms, a conference room, and two elevators servicing all three levels. Significant first-floor space is available for lease, presenting immediate income potential. The exterior is attractive brick and glass construction. Ample parking is provided with approximately 270 spaces, including 10 handicap-accessible spots. The property comprises two parcels and is zoned C2 General Commercial District, allowing for diverse uses including restaurants, retail, professional services, and medical offices. Its strategic location offers easy access to major highways (Routes 3, 140, and College Avenue), and proximity to Interstates 255 and 270. The high average daily traffic count of approximately 14,200 vehicles per day further enhances its desirability. This property represents a strong investment opportunity in a thriving medical corridor. The asking price is $6,000,000.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $10,460,000
- 6.5%
- $9,655,000
- 7%
- $8,965,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,530,000
- AI Estimate
- $7,602,000
Market price range: $2.35M - $8.92MMarket price range: $2.75M - $9.30M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $4,970,000 Current use
- INDUSTRIAL (GENERAL)
- $5,360,000 Change: +8% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Alton
- County
- Madison
- State
- Illinois
- Longitude
- -90.1316
- Latitude
- 38.9058
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$129,622
$249,410
$1,228,050
$1,477,460
-
$748,979
$3,687,838
$4,436,817
