121 Elm StAlton, IL 62002

Property Details for 121 Elm St

Construction

BRICK

Property size (Sq ft)

30,022 SF

Property type

Commercial real estate

APN

23-2-07-02-06-105-005

APU

232070206105005

Description

This exceptional 2.18-acre property in Alton, Illinois, presents a unique investment prospect. The former school building at 121 W Elm Street offers a wealth of potential for adaptive reuse. Its classic architecture, high ceilings, and abundant natural light create a captivating atmosphere. The expansive interior includes multiple classrooms, a gymnasium, an auditorium, a kitchen, and administrative offices, providing flexibility for diverse projects. The layout allows for creative repurposing into various commercial ventures. Imagine transforming this landmark into trendy loft apartments, a vibrant co-working space, or a unique condominium complex. The spacious outdoor area offers ample room for expansion, recreational amenities, or beautifully landscaped communal gardens. The property's size and versatility make it ideal for a variety of uses, including a private school, daycare center, or vocational training center. The building's substantial size and desirable location in Alton present a rare opportunity to acquire a significant property with immense potential for substantial return on investment. The asking price is $285,000. This is a chance to acquire a piece of Alton's history and shape its future.

• Alternative Use

  Use

  Valuation

  Residential

  $9,193,700

  Hospitality

  $8,421,379

  Educational

  $7,006,489

  Medical

  $7,247,452

  Retail

  $10,898,983

Location Insight

City

Alton

County

Madison

State

Illinois

Latitude

38.9204

Longitude

-90.1871

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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