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    Property profile & analytics
    OFF-MARKET Estimated value $770,000
    Commercial real estate

    978 Airline Dr, East Alton, IL 62024-2055

    4,800 SF Built 2020
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US28-2592901
    Property summary
    AI-generated overview

    This exceptional 5-acre parcel of land presents a unique opportunity for businesses seeking a strategic location for expansion or new development. Zoned for light industrial use, this property offers significant potential for a variety of commercial ventures. Its prime location near Interstate 255 ensures unparalleled accessibility and convenient transportation links, making it an attractive proposition for businesses needing efficient logistics. The property's adjacency to multiple existing storage units creates a synergistic environment, ideal for businesses in the storage industry or those seeking complementary operations. The single-tenant occupancy allows for complete control and customization of the space to meet specific business needs. Flexible lease terms are available, providing adaptability and accommodating various business requirements. This is a rare opportunity to secure a substantial land parcel in a high-demand area with excellent infrastructure and accessibility. The zoning designation allows for a wide range of light industrial uses, making it suitable for various businesses seeking to establish a strong presence in a thriving commercial zone. Don't miss this chance to acquire a prime piece of commercial real estate with exceptional potential for growth and profitability. Contact us today to learn more about this outstanding opportunity.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2020
    Total area 4,800 SF
    APN 19-1-08-14-02-204-025-002
    UPID US28-2592901
    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
    $720k
    Comparable Approach Comparable
    $735k
    Blend (final) Blend
    $770k
    Owner & transaction history
    Washington Street East Alton LLC
    Washington Street East Alton LLC
    since 2025
    Last sale
    $815,000
    4 recorded transactions
    2025
    $815,000
    2024
    $600,000
    2020
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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