2900 Fosterburg Rd Alton, IL 62002

This exceptional 1.07-acre commercial lot presents a unique investment opportunity in Alton, Illinois. Strategically located near the intersection of I-255 and IL Route 140, this property boasts excellent visibility with 130 feet of frontage on Fosterburg Road, ensuring high traffic exposure for any future development. The lot has already undergone a completed Phase 1 environmental assessment, confirming a clean site, and all necessary public utilities are readily available nearby. The property is conveniently situated within the Alton city limits, simplifying permitting and development processes. A significant advantage is the flexibility to rezone the property for either commercial or multifamily residential use, opening up a wide range of development possibilities to suit diverse investment strategies. The lot has been surveyed, making it development-ready, saving time and resources for potential buyers. This is a turnkey opportunity for developers seeking a prime location with significant potential for return on investment. Furthermore, the seller indicates that additional adjacent property is available, presenting the possibility of acquiring a larger parcel to accommodate more ambitious projects. This property is an exceptional opportunity for investors and developers seeking a strategic location with significant development potential.