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    Property profile & analytics

    616 Central Ave Alton, IL 62002-2632

    • Office Properties & Spaces
    • 1,224 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-5808413
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • New Beginnings hair salon / Hair Salon

    Property Details for 616 Central Ave

    Lot size
    0.07 lot acres
    Property size
    1,224 SF
    Property type
    Office Properties & Spaces
    APN
    23-2-07-12-18-302-047
    APU
    232071218302047

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.1695
    Latitude
    38.8927
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,138
    $3,010
    $9,960
    $12,970
    -
    $9,039
    $29,910
    $38,949

    Comparable in this City

    • Value Estimation by Request
      1,620 SF

      544 Broadway

      OFFICE (GENERAL) • 1,620 SF
      544 Broadway, Alton, IL 62002-6303
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    • Value Estimation
      $215,000
      675 SF

      3505 Fosterburg Rd

      OFFICE (GENERAL) • 675 SF
      3505 Fosterburg Rd, Alton, IL 62002-7317
      View Details
    • Value Estimation
      $215,000
      2,035 SF

      401 Henry St

      OFFICE (GENERAL) • 2,035 SF
      401 Henry St, Alton, IL 62002-2610
      View Details
    • Value Estimation by Request
      2,484 SF

      4119 Humbert Rd

      OFFICE (GENERAL) • 2,484 SF
      4119 Humbert Rd, Alton, IL 62002-7116
      View Details
    • Value Estimation
      $5,280,000
      19,776 SF

      550 Landmarks Blvd

      OFFICE (GENERAL) • 19,776 SF
      550 Landmarks Blvd, Alton, IL 62002-6321
      View Details
    • Value Estimation
      $170,000
      5,074 SF

      3401 Broadway

      OFFICE (GENERAL) • 5,074 SF
      3401 Broadway, Alton, IL 62002-2043
      View Details

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      Alton Medical Campus Opportunity

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    Similar Nearby for Lease

    • $700 /Mo
      30,980 SF

      Alton Office Space for Lease

      Office space available in full-service building with parking.
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    • $665 /Mo
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    • $13 SF/Yr

      Alton Office/Retail Space For Rent

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    • New
      $13 SF/Yr
      21,265 SF

      Visible Retail/Office Space on Highway

      Retail or office space with high visibility and ADA accessibility.
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    • $950 /Mo
      10,955 SF

      Commercial Space in Alton, IL

      One-story brick building suitable for commercial use in Alton.
      2201 State St, Alton, IL 62002
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    • $12 SF/Yr
      133,154 SF

      Versatile Industrial Space in Godfrey

      Industrial property with office and shop space for lease.
      4436 Industrial Dr, Alton, IL 62002
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    616 Central Ave
    Alton, IL 62002-2632
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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