Property profile

409 W Saint Louis Ave East Alton, IL 62024

FOR SALE
Commercial land
Property ID
US28-5854537
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
APN 19-2-08-16-17-301-029-001
UPID US28-5854537

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

409 W Saint Louis Ave East Alton, IL 62024
East Alton metro Census 401300 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history

since 2013
3 recorded transactions
2013
Price N/A
2007
Price N/A
2007
$60,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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