101 Alton St Marine, IL 62061-1040
- Commercial real estate
- 2,024 SF
Current Use by Public Records
- Kelly Tracy Apparel & Design / Custom T-Shirt Store / T-Shirt Company
Property Details for 101 Alton St
- Year built
- 1960
- Property size
- 2,024 SF
- Property type
- Commercial real estate
- APN
- 06-2-17-16-14-301-014-001
- APU
- 62171614301014001
Description
This exceptional commercial property in downtown Marine, IL, presents a remarkable investment opportunity. Situated across from the town park, the main building offers approximately 2,800 square feet of versatile space, previously used as a retail shop. Its layout includes ample room for offices, storage, and workstations, enhanced by large display windows and two convenient entrance doors. The building benefits from recent upgrades, including plumbing (2016), electrical (2019), and an air conditioning system (including ductwork) replaced approximately eight years ago. A sizable basement, partially finished, provides additional storage capacity. A second building, totaling approximately 3,500 square feet, features a propane-fueled furnace and two expansive garages, each measuring approximately 20 feet wide and 41 feet deep. Previously utilized as a repair shop, these garages offer significant potential for various uses, including storage units. The property sits on a 0.16-acre lot. The combined square footage and diverse layout of these two buildings offer endless possibilities for a wide range of commercial ventures. Priced at $200,000, this property represents a compelling opportunity for significant return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $170,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $170,000
- 6.5%
- $150,000
- 7%
- $170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $140,000
- Geo Method
- $140,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $200,000
- Retail
- $145,000
- Mixed-Use
- $190,000
- Hospitality
- $160,000
- Educational
- $150,000
- Residential Income
- $190,000
- Energy
- $160,000
- Income-Based Land
- $175,000
- Food Service
- $175,000
Location Insight
- Map
- Local Demand
- City
- Marine
- County
- Madison
- State
- Illinois
- Longitude
- -89.7774
- Latitude
- 38.7902
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA