609 Delmar Ave, Alton, IL 62002-4214
This exceptional commercial property at 609 W Delmar Avenue in Alton, Illinois, presents a unique investment opportunity. Priced at $115,000, this 0.12-acre lot features a building ideally suited for a variety of businesses. Currently configured as a hair salon, complete with six hair stations and three shampoo bowls (included in the sale), the space offers significant adaptability. The existing layout could easily be modified to accommodate a diverse range of professional services, including legal, insurance, or accounting offices. The building includes a half-bath, which has the potential for expansion to a full or three-quarter bath. Modernization is evident with a new on-demand hot water system installed in 2020. The property boasts an attractive enclosed front porch featuring two large display windows, providing excellent visibility and curb appeal. Convenient off-street parking is located at the rear of the building, ensuring ample space for clients and employees. Accessibility is further enhanced by a ramp situated at the back of the building. This versatile property offers a blend of existing infrastructure and adaptable space, making it an ideal choice for entrepreneurs seeking a well-located and functional commercial space in a thriving Alton community. Don't miss this chance to own your own business!
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
Similar Nearby for Lease
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.