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    OFF-MARKET
    Commercial real estate

    609 Delmar Ave, Alton, IL 62002-4214

    1,192 SF 0.12 ac lot Built 1930
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US28-1783818
    Property summary
    AI-generated overview

    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!

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1930
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 1,192 SF
    Lot 0.12 ac (5,400 SF)
    APN 23-2-07-02-05-101-013
    UPID US28-1783818
    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
    Ths LLC · 1 yrs held
    Ths LLC
    since 2025
    Last sale
    $98,000
    3 recorded transactions
    2025
    $98,000
    2020
    $80,000
    2004
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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