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Vacant Dental Office | St. Louis MSA 50 N Center St 1,125 SF Vacant Office Building Online Auction Sale East Alton, IL 62024
Matterport 3D Tour
Investment Highlights
- Investors and owner/users can take advantage of the former medical dental office for sale in East Alton, Illinois.
- Retailers and office users looking for space will find this location appealing due to its road signage and abundant parking options.
- Abundance of local retailers are nearby, including Casa Romero, Heather’s Table, Sip & Play Wine and Gaming Café, and many others.
- Positioned for success in the heart of East Alton, just 23 miles northeast of St. Louis, near the St. Louis Regional Airport.
- Formerly operated as Affordable Dentistry Today, affiliated with Heartland Dental, this property is ready for new use.
Executive Summary
NAI Columbia is pleased to present 50 North Center Street in East Alton, Illinois, an opportunity for an owner/user or value-add investor.
Located off N Center Street, this property offers ample parking and prominent street signage, providing a valuable opportunity for businesses seeking visibility. The building boasts a durable and classic brick façade, designed for longevity. As a single-story structure, the space efficiently utilizes its 1,125 square feet, making it suitable for a variety of business types. Formerly occupied by Heartland Dental (DSO), the premises are particularly well-suited for dental, medical, healthcare, or related uses. Owner/users have the flexibility to redesign and customize the space to fit their requirements, while investors may realize value-add opportunities through capital improvements and leasing at competitive market rates. This asset presents significant potential for both end users and investors.
Situated in East Alton, this property lies approximately 11 miles from the Interstates 270 and 255 interchange, offering seamless connectivity throughout the greater St. Louis metropolitan area. The location is just minutes from St. Louis Regional Airport, which attracts steady traffic to the community. Nearby, residents and visitors have access to a variety of local establishments as well as prominent national retailers, including Walmart Supercenter, Applebee’s Grill + Bar, McDonald’s, Taco Bell, Ace Hardware, and others. Furthermore, the area's demographics are strengthened by a predominantly owner-occupied housing presence and a workforce exceeding 22,000 employees within a 5-mile radius.
Being within the Greater St. Louis MSA gives this property considerable advantages. St. Louis features advanced manufacturing, bioscience, and financial services, and serves as an important transportation and logistics center thanks to its location on the Mississippi River. The area is also home to 16 Fortune 1000 companies, strengthening the local economy.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Located off N Center Street, this property offers ample parking and prominent street signage, providing a valuable opportunity for businesses seeking visibility. The building boasts a durable and classic brick façade, designed for longevity. As a single-story structure, the space efficiently utilizes its 1,125 square feet, making it suitable for a variety of business types. Formerly occupied by Heartland Dental (DSO), the premises are particularly well-suited for dental, medical, healthcare, or related uses. Owner/users have the flexibility to redesign and customize the space to fit their requirements, while investors may realize value-add opportunities through capital improvements and leasing at competitive market rates. This asset presents significant potential for both end users and investors.
Situated in East Alton, this property lies approximately 11 miles from the Interstates 270 and 255 interchange, offering seamless connectivity throughout the greater St. Louis metropolitan area. The location is just minutes from St. Louis Regional Airport, which attracts steady traffic to the community. Nearby, residents and visitors have access to a variety of local establishments as well as prominent national retailers, including Walmart Supercenter, Applebee’s Grill + Bar, McDonald’s, Taco Bell, Ace Hardware, and others. Furthermore, the area's demographics are strengthened by a predominantly owner-occupied housing presence and a workforce exceeding 22,000 employees within a 5-mile radius.
Being within the Greater St. Louis MSA gives this property considerable advantages. St. Louis features advanced manufacturing, bioscience, and financial services, and serves as an important transportation and logistics center thanks to its location on the Mississippi River. The area is also home to 16 Fortune 1000 companies, strengthening the local economy.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tour
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Photos
Street View
Street
Map
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Purchase Agreement
- Operating and Financial Statements
- Title and Insurance
- Miscellaneous
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Medical
Building Size
1,125 SF
Building Class
C
Year Built
1960
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,125 SF
Building FAR
0.03
Lot Size
0.81 AC
Parcel Number
19-2-08-14-01-108-006
Zoning
q
Amenities
- Signage
- Partitioned Offices
- Air Conditioning
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Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
4,620
34,977
56,341
2020 Population
4,808
35,671
56,549
2029 Population
4,549
34,587
55,888
2024-2029 Projected Population Growth
-1.5%
-1.1%
-0.8%
Daytime Employees
494
12,269
22,208
Total Businesses
98
1,331
2,677
Average Household Income
$91,603
$74,360
$72,706
Median Household Income
$79,290
$60,167
$57,727
Total Consumer Spending
$62.9M
$413.6M
$659.1M
Median Age
43.6
40.7
40.9
2024 Households
1,949
14,983
24,182
Percent College Degree or Above
14%
12%
12%
Average Home Value
$149,519
$134,715
$140,559
$ values in USD
Sale Advisors
Sale Advisors
Patrick Palmer, Director of Retail Services | Principal
Patrick Palmer is a Principal and Broker with NAI Columbia and has extensive experience across the southeast in brokerage and development. Palmer’s primary focus is retail and general commercial. Before joining NAI Columbia, Palmer served as President and Broker in Charge of IAP Company, a family-owned real estate enterprise that has developed real estate for over 50 years in Columbia. Palmer has been a member of ICSC since 2000, and in 2006, he obtained the prestigious CCIM (Certified Commercial Investment Member) award and subsequently served on several national committees and now has a seat on CCIM’s National Board of Directors.
From 2003 to 2014, Palmer served on the Richland County Planning Commission where he chaired the commission for six of those years. In 2022, Palmer transacted over 37 million dollars in CRE sales and leases and has been named the Retail Leasing Power Broker of the Year and Quarter multiple times, most recently in 2022. Over the past 23 years, Patrick’s real estate experience included: landlord/tenant representation; site selection; land acquisition; disposition and development; buyer/seller representation; investment sales; and zoning and permitting processing.
From 2003 to 2014, Palmer served on the Richland County Planning Commission where he chaired the commission for six of those years. In 2022, Palmer transacted over 37 million dollars in CRE sales and leases and has been named the Retail Leasing Power Broker of the Year and Quarter multiple times, most recently in 2022. Over the past 23 years, Patrick’s real estate experience included: landlord/tenant representation; site selection; land acquisition; disposition and development; buyer/seller representation; investment sales; and zoning and permitting processing.
Bobby Balboni, CCIM, Broker
Bobby joined NAI as a brokerage associate in June 2019 after interning with the firm during his junior and senior year at the University of South Carolina. Bobby works alongside Patrick Palmer, Principal and Director of Retail Services. Their team’s focus is on retail and general commercial properties in the Midlands. Bobby specializes in landlord, seller and tenant representation. Bobby graduated Summa Cum Laude from the University of South Carolina in May of 2019, where he studied Finance and Real Estate. During his undergrad years Bobby tutored peers in finance and accounting courses, served as the Sports Editor for The Daily Gamecock, and was a member of the Carolina Finance & Investment Association. Before moving to Columbia, Bobby grew up on Buzzards Bay in southeastern Massachusetts.
Sam Edens, Brokerage Associate
Born and raised in Columbia, South Carolina, Sam enjoys outdoor activities such as golfing and hunting. He joined NAI Columbia in July of 2024 upon graduating with a major in Retail Management, at the University of South Carolina. After interning with Patrick Palmer and Bobby Balboni for half a year, he has officially joined as a member of the team, leveraging their diverse range of experience to cater to their clients’ needs across the Midlands.
About the Auction Technology
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Auction Contact
Molly Patten
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Vacant Dental Office | St. Louis MSA | 50 N Center St
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