$665/Mo 500 SF available

307 Henry St,Unit 407, Alton, IL 62002
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Suite 302 is located on the third floor of the Honke Office Building and contains approximately 560 square feet. The suite previously functioned as a medical office and is configured to support professional and personal services, with potential use by medical, legal, or similar service providers. Building access is available from the north parking lot, and a shared elevator serves all four floors. The building is situated at 307 Henry St. at the intersection of 3rd and Henry Street in Alton,…

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.

Debts

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?

$15k

Tax billed · 2022

Assessed value$170k

Assessed land$55k

Assessed improvement$115k

Effective rate8.77%

Value estimate

· Oct 2026

$595k

$536k – $655k

Submarket $/SF estimate$1.13M

NOI build-up

Gross scheduled income$12k

Vacancy & credit loss−$1k

Operating expenses−$3k

NOI · 1,190.98% cap applied$8k

Realmo valuation models over county records and 8 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 comparables8

Cap rate analysis

How does the asset earn?

1,190.98%

$8k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

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 agency16.7

Parking Facility11.2

Pharmacy10.8

307 Henry St, Unit 407 Alton, IL 62002

County assessor Recorded deeds · 9 transfers 8 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 · 18 properties nearby

Address Sale price Sold Size

620 3rd, Alton, IL 62002-6317 $650,000 Jul 2024 17,902 SF

550 Landmarks, Alton, IL 62002-6321 $4,850,000 Aug 2022 19,776 SF

3550 College, Alton, IL 62002-5008 $285,000 Feb 2022 9,200 SF

200 3rd, Alton, IL 62002-6102 $750,000 Jul 2021 30,300 SF

1719 Washington, Alton, IL 62002-4624 $45,000 Dec 2019 12,192 SF

533 3rd, Alton, IL 62002-6302 $212,500 Dec 2018 6,384 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

Value Estimation
$1,010,000

30,016 SF

322 State St

OFFICE (GENERAL)

322 State St, Alton, IL 62002-6135

View Details
Value Estimation
$3,460,000

23,918 SF

1805 Washington Ave

OFFICE (GENERAL)

1805 Washington Ave, Alton, IL 62002-4626

View Details
Value Estimation
$5,080,000

19,776 SF

550 Landmarks Blvd

OFFICE (GENERAL)

550 Landmarks Blvd, Alton, IL 62002-6321

View Details
Value Estimation
$1,150,000

8,634 SF

3517 Xrds Ct

OFFICE (GENERAL)

3517 Xrds Ct, Alton, IL 62002

View Details
Value Estimation
$150,000

5,074 SF

3401 Broadway

OFFICE (GENERAL)

3401 Broadway, Alton, IL 62002-2043

View Details
Value Estimation
$220,000

4,840 SF

626 Broadway

OFFICE (GENERAL)

626 Broadway, Alton, IL 62002-6308

View Details

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307 Henry St 407 Alton, IL 62002

Property summary