Financial
Distress signals
Property profile

1837 Homer M Adams Pkwy Alton, IL 62002

OFF-MARKET
Other commercial real estate
Property ID
US28-2708834
45,834 SF 9.28 ac lot Built 2004
Last sale Apr 2026 · $9,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This retail space is located on Homer Adams Parkway, south of Alton Square Mall, with signalized vehicular access into the center and an estimated traffic count of approximately 27,000 vehicles per day. The property includes pylon signage and is situated in a multi-tenant retail center with co-tenants that have included St. Louis Bread Company, CATO Fashions, and Dollar Tree. The available retail area is 1,200 square feet.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$165k
Tax billed · 2022
Assessed value$1.88M
Assessed land$399k
Assessed improvement$1.48M
Effective rate8.77%

Value estimate

· Sep 2026
$1.19M
$1.07M – $1.30M
CAP approach$6.89M
Submarket $/SF estimate$6.36M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$77/SF
ZIP average, outlier-cleaned · 138 recorded sales of this use type
Observed band · Q1–Q3$37 – $139
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMADISON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.6
Wholesale Shop13.7
Auto Parts Store12.6

Location

1837 Homer M Adams Pkwy Alton, IL 62002-5665
County assessor Recorded deeds · 6 transfers 7 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1900 Homer M Adams, Alton, IL 62002-5607 $3,400,000 Jul 2025 38,748 SF
2624 Broadway, Alton, IL 62002-1767 $70,000 May 2025 6,480 SF
2400 Broadway, Alton, IL 62002-1763 $150,000 May 2025 5,205 SF
2712 Cor, Alton, IL 62002-5328 $646,000 May 2025 4,800 SF
202 Ctr, Alton, IL 62002 $2,385,000 May 2025 18,544 SF
215 Ctr, Alton, IL 62002-5993 $2,385,000 May 2025 11,968 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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