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Property profile & analytics
FOR SALE
Commercial land

409 W Saint Louis Ave East Alton, IL 62024

Entity Owned 13-yr Hold Free & Clear
Property ID
US28-5854537
No photos on file
For Sale
$125,000
409 W Saint Louis Ave, East Alton, IL 62024
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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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ibp Properties LLC · 13 yrs held
Ibp Properties LLC
since 2013
3 recorded transactions
2013
Price N/A
2007
Price N/A
2007
$60,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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