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978 Airline Dr East Alton, IL 62024-2055

OFF-MARKET Commercial real estate Google Maps
4,800 SF Built 2020
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$770k
Range $693k – $847k (±10%)
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

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

since 2025
Last sale
$815,000
4 recorded transactions
2025
$815,000
2024
$600,000
2020
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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