2900 Fosterburg RdAlton, IL 62002

Property Details for 2900 Fosterburg Rd

Lot size

1.04 AC

Property type

Commercial land

APN

23-2-08-04-09-101-003

APU

232080409101003

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $13,861,901

  Hospitality

  $12,697,427

  Educational

  $10,564,110

  Medical

  $10,927,426

  Retail

  $16,433,061

Location Insight

City

Alton

County

Madison

State

Illinois

Latitude

38.916

Longitude

-90.116

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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