Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2460/ Marcus & Millichap is pleased to present 1.66 acres of undeveloped land located adjacent to 2851 Homer M Adams Pkwy (the “Property”) in Alton, Illinois. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE! The Property is a ±1.66-acre parcel adjacent to a grocery-anchored shopping center including Schnucks Supermarket, U-Haul, Mattress Direct, Dollar General, and Rent-A-Center. The Property is well positioned near the signalized intersection of Homer M Adams Pkwy and Seminary St and benefits from combined traffic counts of 27,019 vehicles per day. The Property is in Alton’s dominant retail corridor near a mix of residential and retail demand generators. Nearby retailers include Lowe’s, Aldi, Home Depot, Kohl’s, Target, Big Lots, Walgreens, Tractor Supply, and more. The Property benefits from C-2 zoning, General Commercial District, with flexible uses permitted including retail, professional office, restaurant, and many more. Alton is a historic Mississippi River city located approximately 25 miles north of downtown St. Louis. Alton has a diverse economic base driven by healthcare, manufacturing, tourism, and river commerce. The city’s riverfront location, historic architecture, and growing redevelopment initiatives make it an attractive area for investment. The Property's location offers excellent real estate fundamentals within a robust area and extremely dense and compelling demographics with a 2024 population of ±64,926 residents and an average annual household income of ±$75,566 within a 5-mile radius.