2300 Henry St, Alton, IL 62002-4444
This exceptional 40,000 square foot facility, formerly a YMCA, is currently thriving as a health and wellness club. Ideally situated in Alton, Illinois, on Henry Street, this two-story building boasts a prime location just off Highway 67, experiencing a high average daily traffic count of 11,800 vehicles. Its proximity to OSF St. Anthony's Health Center further enhances its desirability. The property features a comprehensive array of amenities, including a 25-yard, four-lane pool; a full-court basketball court with four hoops; separate men's exclusive club shower and locker rooms, and standard men's and women's locker rooms; a large weight room with a dedicated training area; six dance studios; a cardio room; a nursery; and four lighted outdoor sand volleyball courts. Indoor pickleball and volleyball are also accommodated. Substantial capital improvements totaling over $326,000 have been made between 2017 and 2023, encompassing gym updates ($50,000), a complete roof replacement ($191,000), high-efficiency boiler installations ($60,000), and HVAC unit upgrades ($25,000). The property is zoned C-2, offering flexibility for repurposing to suit a new end-user or enhancing its current health and wellness operation. The asking price is $500,000, translating to $12.50 per square foot. The property's APN is 2 3- 1 -0 7-0 2-2 0-4 0 1 -0 0 3. Built in 1968 and renovated in 2018, this property presents a unique investment opportunity.
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Supportive Healing Alternative Medicine Practice Spa & Massage Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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