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    FOR SALE
    Office Spaces

    100 Lovejoy Ln, Alton, IL 62002

    6,603 SF Built 1984
    Entity Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-2424414
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 100 Lovejoy Lane in Alton, Illinois, presents a unique investment opportunity. The property encompasses 2.31 acres and includes a 6600 square foot commercial building along with a dedicated parking lot. The sale specifically includes Lots 41 through 56, excluding Lots 30-35. The existing building, while requiring a complete remodel, offers substantial space currently configured with office areas, a kitchen, restrooms, and a sizable event space. Its prime location, just two blocks from Homer Adams Parkway, Lowe's, and the Bread Co., ensures high visibility and convenient access to numerous amenities. The property's versatility allows for a wide range of potential uses, including corporate office space, event venues, churches, senior centers, fitness centers, adult day care facilities, and retail establishments. The substantial size of the building and the ample land provide significant flexibility for redevelopment and adaptation to suit a variety of business needs. This is a sale of the building and parking lot only

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1984
    Total area 6,603 SF
    APN 23-2-07-01-16-402-007
    UPID US28-2424414
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Godfrey Human Development Resource · 3 yrs held
    Godfrey Human Development Resource
    since 2023
    1 recorded transaction
    2023
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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