2009 Seminary Street, Alton, IL, 62002

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2009 Seminary Street, Alton, IL, 62002

Alton, IL 62002
Asking Price
$530K
Asset Type
Retail
Class
Class B

What's Special

2009 Seminary Street is located in a mixed-use district of Alton, Illinois, situated just north of the city’s downtown core. The neighborhood is characterized by a blend of residential housing and local commercial services, providing a steady base of local foot and vehicle traffic. The property offers convenient access to major local thoroughfares, including Illinois Route 140 and nearby College Avenue. Essential amenities such as grocery stores, banks, and health services are located within a two-mile radius, and the regional bus network serves the immediate area. The property is suited for general retail operations, professional office space, or service-oriented businesses. Ideal use cases include a convenience store, boutique showroom, or a neighborhood medical clinic. Potential tenants likely include established local entrepreneurs or small-scale regional franchises seeking a visible community presence. The layout and location support businesses that benefit from neighborhood-level accessibility and consistent visibility to daily commuters traveling through the Seminary Street corridor.

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NOI
$80,000
Cap Rate
15.09%
DSCR
2.54
Strong
Cash-on-Cash
30.52%
Monthly Payment
$2,622.151
Annual Cash Flow
$48,534.19

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