409 W Saint Louis Ave East Alton, IL 62024
This exceptional investment opportunity presents a 15,246 square foot lot situated at 409 W Saint Louis Avenue in East Alton, Illinois, zip code 62024. The property is zoned for industrial use and includes a small existing building, adding immediate value to the purchase. The asking price for this warehouse and land package is $125,000. The strategic location on a heavily traveled street offers significant potential for a variety of commercial uses. The property's size and accessibility make it an attractive option for businesses seeking a prominent presence in a high-traffic area. This is a rare chance to acquire a well-positioned industrial property in a growing market. The existing building, while small, provides immediate utility and could be repurposed or expanded upon. The substantial lot size allows for considerable flexibility in development plans, catering to a range of business needs. Detailed site plans and zoning information are available upon request. This is a turnkey opportunity for investors seeking a strong return on investment in a desirable location. Don't miss this chance to secure this prime East Alton property.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.