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    Property profile & analytics

    122 Virginia St East Alton, IL 62024

    • Distribution centers
    For Sale
    View listing
    $175,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-0126307
    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.

    Current Use by Public Records

    • Distribution centers

    Property Details for 122 Virginia St

    Property type
    Distribution centers
    APN
    19-1-08-17-16-402-001

    Description

    This exceptional commercial property located at 122 Virginia Street, East Alton, IL 62024, presents a significant investment opportunity. The property, identified by APN 19-1-08-17-16-402-001, encompasses a substantial 20,038 square foot lot and features a 1.5-story all-brick building. The building offers over 3400 square feet of usable space, including a walkout lower level, making it highly versatile. Currently zoned B-2 Commercial, this property is ideally suited for a variety of office or commercial uses. The asking price is $175,000, translating to a price per square foot of $74.37. This property is a single building, two stories in height, and presents a rare opportunity to acquire a well-located commercial space in East Alton, Illinois. The property's size and zoning make it an attractive prospect for businesses seeking a flexible and functional workspace. Serious inquiries are encouraged.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    East Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.1195985
    Latitude
    38.8841644

    Comparable in this City

    • $125,000

      East Alton Warehouse & Land Investment

      Prime location, high potential, includes building.
      409 Saint Louis Ave, East Alton, IL 62024
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    • $79,900

      Commercial Lot in Prime Location

      Vacant commercial lot in a high-traffic development area.
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    • $125,000
      0.35 Acres

      East Alton Unimproved Commercial Land

      Commercial land on a heavily traveled street with high potential.
      409 W Saint Louis Ave, East Alton, IL 62024
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    • $150,000
      2.68 Acres

      Commercial Land on Lewis and Clark

      2.68 acre commercial property on high-traffic Lewis and Clark Boulevard.
      560 Lewis And Clark Blvd, East Alton, IL 62024
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    • $595,000
      11.05 Acres

      East Alton Commercial Building Site

      11.05 acre commercial building site with high visibility location.
      2201 Old Alton Edwardsville Rd, East Alton, IL 62024
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    • $175,000
      2.68 Acres

      Prime East Alton Commercial Land

      2.68 Acres, High Traffic Area
      560 Lewis & Clark Blvd, East Alton, IL 62024
      View Details

    Similar Nearby for Sale

    • $125,000

      East Alton Warehouse & Land Investment

      Prime location, high potential, includes building.
      409 Saint Louis Ave, East Alton, IL 62024
      View Details
    • $595,000
      11.05 Acres

      East Alton Commercial Building Site

      11.05 acre commercial building site with high visibility location.
      2201 Old Alton Edwardsville Rd, East Alton, IL 62024
      View Details
    • $150,000
      2.68 Acres

      Commercial Land on Lewis and Clark

      2.68 acre commercial property on high-traffic Lewis and Clark Boulevard.
      560 Lewis And Clark Blvd, East Alton, IL 62024
      View Details
    • $175,000
      2.68 Acres

      Prime East Alton Commercial Land

      2.68 Acres, High Traffic Area
      560 Lewis & Clark Blvd, East Alton, IL 62024
      View Details
    • $6,611,885

      166 Acres Development Ground

      Development ground with frontage and visibility along Interstate 255.
      609 Sitze Dr, East Alton, IL 62024
      View Details
    • $79,900

      Commercial Lot in Prime Location

      Vacant commercial lot in a high-traffic development area.
      20 E Airline Ct, East Alton, IL 62024
      View Details
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    122 Virginia St
    East Alton, IL 62024
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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