100 Lovejoy Ln, Alton, IL 62002
For Sale
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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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.