2009 Seminary Rd - Schools FOR SALE


Alton, IL 62002
$530,000 USD
618-977-7912
2009 Seminary Rd, Alton, IL for Sale
$530,000 USD
Schools - FOR SALE
1/54
null | Request Cap Rate

2009 Seminary Rd
Alton, IL 62002


HIGHLIGHTS

  • Ample land supporting additional construction or outdoor amenities
  • Close proximity to major roadways for convenient regional access
  • Nearly 40-acre campus with three main buildings ideal for creative redevelopment
  • Newer roof and updated mechanicals in select structures

OVERVIEW

Exceptional opportunity to own the historic former Western Military Academy, most recently the home of Mississippi Valley Christian School, with endless redevelopment potential. This almost 40 acres property features three buildings with classrooms, administrative offices, meeting rooms, dormitory-style accommodations, cafeteria area, gymnasium/recreation areas, and ample storage space. Situated on a large campus, the property is well-suited for a variety of uses, including educational facilities, residential redevelopment, senior living, event venues, hospitality, religious organizations, corporate training centers, or mixed-use development, with the appropriate zoning changes. The main administrative/classroom building is about 35,000 sf over four floors. Included is the lower level cafeteria area and classrooms, the other three floors have administrative offices, additional classrooms and a living area. There is a newer roof and updated mechanical systems. The gymnasium is over 9,500 sf. with a stage and newer roof. The barracks building is about 15,000 sf. It is laid out dormitory style, has good bones and needs major renovating. The additional acreage could be redeveloped. The campus offers a unique blend of character, history, and functionality, with spacious interiors and flexible floor plans ready for renovation or repurposing. Conveniently located with easy access to major transportation routes, this one-of-a-kind property presents an outstanding investment and redevelopment opportunity.

FOR SALE DETAILS

PRICE

$530,000 USD

PRICE/SF

$12 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1903

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

10.86 AC

LAND SF

473,062 SF

ZONING

R1 & R2

APN/PARCEL ID

23-1-08-06-19-402-020.001,23-2-08-07-07-201-016

ASK ABOUT THIS PROPERTY

Dave LauschkeColdwell Banker Commercial Brown RealtorsMore Info
618-977-7912

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Dave LauschkeColdwell Banker Commercial Brown RealtorsMore Info
618-977-7912

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.