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Adaptable Industrial with Highway Access 946 Tonsor Rd 16,000 SF 100% Leased Industrial Building Online Auction Sale Alton, IL 62002

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Investment Highlights

  • Vacant 16,000-SF industrial facility available for immediate occupancy or leasing, with an easily accessible location in Alton, Illinois.
  • Supports streamlined logistics with 12 oversized drive-in doors and a 16-foot interior clear height.
  • Within minutes of national retail brands such as Target, Lowe’s, Planet Fitness, Harbor Freight, Starbucks, Jimmy John’s, Panera Bread, and more.
  • Positioned on a 1.96-acre lot with ample parking and potential for outdoor equipment storage or fleet staging.
  • Easily accessible location just off of State Routes 3 and 67, with convenient connections to both Interstates 255 and 270.
  • Reach quality freight services at Norfolk Southern Luther Yard, theTRRA, and St. Louis Lambert International Airport.

Executive Summary

Situated in Alton, Illinois, 946 Tonsor Road presents an outstanding chance to acquire a turnkey industrial facility encompassing a total of 16,000 square feet. Delivered vacant, this property offers immediate leasing or occupancy potential, along with possibilities for long-term appreciation through redevelopment.

Constructed in 2016, the site features two metal buildings positioned on a 1.97-acre lot, providing outdoor storage capacity and extensive on-site surface parking. Zoned M-1, the facility caters to a diverse range of industrial uses, including manufacturing, logistics, and warehousing, and the expansive yard is ideally suited for equipment or fleet staging. With a total of 12 oversized drive-in doors and 16-foot clear heights, the buildings ensure efficient loading and unloading for a wide variety of operational needs.

946 Tonsor Road benefits from an easily accessible location just off SR 3 and SR 67, with convenient connections to Interstate 255 and 270. Nearby State Route 3 provides a lively retail corridor, enhancing appeal with a wealth of national brands such as Target, Lowe’s, Planet Fitness, Harbor Freight, Kohl’s, Starbucks, Jimmy John’s, Applebee’s, Panera Bread, and more. Tenants will also be able to quickly reach world-class freight support at Norfolk Southern Luther Yard (19.6 miles), the Terminal Railroad Association of St. Louis (21.8 miles), and St. Louis Lambert International Airport (21.3 miles), allowing for streamlined movement of goods and materials across the greater region.

Alton sits within the Illinois Submarket of St. Louis, a rapidly emerging industrial area with more than 1.1 million square feet of new inventory constructed during the past 12 months. The area’s appeal is driven by proximity to Downtown St. Louis and major highways, as well as strong demographics. Looking within 10 miles of 900-914 Tonsor Road, the area offers a population of more than 148,000 and a daytime workforce of more than 46,500. Over 22% of the local workforce is employed in blue-collar fields, providing highly qualified talent to support growth for industrial businesses.

Providing a unique blend of functional specs and seamless regional connectivity, 946 Tonsor Road offers the perfect entry point into this dynamic market.

For those seeking a portfolio of scale in this vibrant market, a nearby property available for auction at 900-914 Tonsor Road provides an additional 15,000 square feet of functional industrial space. View the links section to view the other opportunity and contact the CBRE team for additional details.

Property tours are by appointment only. Please contact the listing broker to schedule.

Matterport 3D Tour

3D Exterior

Offering Memorandum Click Here to Access

Data Room Click Here to Access

Market Analytics Click Here to Access

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Market Sale Price per SF

Saint Louis - MO USA

Market Cap Rate

Saint Louis - MO USA

Market Sale Price per SF by Star Rating

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Market Cap Rate by Star Rating

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Market Sale Price per SF Distribution

Market Cap Rate Distribution

Property Facts

Sale Type Investment
Sale Condition Auction Sale
Type of Ownership Fee Simple
Property Type Industrial
Building Class C
Lot Size 1.96 AC
Rentable Building Area 16,000 SF
No. Stories 1
Year Built 2016
Tenancy Single
Parking Ratio 0.94/1,000 SF
Clear Ceiling Height 16’
No. Drive In / Grade-Level Doors 12
Zoning M-1 - Light Industrial
Parcel Number 23-2-07-01-14-301-006

About Illinois

Located just across the Mississippi River from downtown St. Louis, The Metro East, is the largest industrial node in St. Louis. Often referred to as the Metro East , the area covers Madison and St. Clair counties on the state’s southwest corner. Combined, the two counties have just over 500,000 residents. Two airports, the Downtown St. Louis Airport and Mid America Airport, are located here.

The largest concentration of industrial properties is in and around Gateway Commerce Center. The industrial park and surrounding developments have highway access in all directions at the intersection of interstates 270 and 255. This area’s tenants include Proctor and Gamble, Unilever, Walgreens, Tesla, FedEx, and Amazon.

Public transportation is readily available by multiple bus providers, and rail access via the St. Louis Metrolink offers 11 stops. Outdoor activities are plentiful across the Metro East, as the area has more than 100 miles of biking trails and many parks.

Scott Air Force Base is located in Metro East. As the military’s Air Mobility Command, it is an important logistical hub for the U.S. Military. The base employs approximately 13,000 people and is the largest employer in the area. Scott’s presence makes Illinois a popular choice for defense and government contractors such as Boeing, Lockheed Martin, Worldwide Technologies, Raytheon, and General Dynamics.

Demographics

Regional Accessibility

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
City
Population
Miles
Drive Time
Indianapolis
867,125
254
4 h 51 m
Chicago
2,705,994
280
5 h 22 m
Memphis
650,618
323
6 h 4 m
Nashville
669,053
326
6 h 1 m
Columbus
892,533
426
7 h 60 m
Detroit
672,662
533
10 h 1 m
Access and Labor Force
10 Miles
Total Population
146,330
Total Labor Force
75,367
Unemployment Rate
4.08%
Median Household Income
$63,324
Warehouse Employees
15,030
High School Education Or Higher
92.60%
$ values in USD

Sale Advisors

Sale Advisors

Marc Cacciarelli, First Vice President
Mr. Cacciarelli has an extensive background in sales and leasing with a primary focus on the sale and leasing of industrial land and buildings. His total business volume is in excess of $550 million.
John Frith, Senior Associate
John Frith is a Senior Associate in CBRE’s St. Louis office, specializing in industrial sales and leasing. He represents both tenants and landlords across institutional and private capital sources.

Since transitioning from a research analyst role to brokerage in 2019, John has built a strong reputation and a genuine commitment to building long-term client partnerships. As a lifelong St. Louis native, he brings deep local expertise and an intimate understanding of the region’s industrial market, enabling him to deliver insightful, market-driven guidance on every transaction. To date, John has been involved in lease and sale negotiations exceeding $300 million in transaction value, encompassing more than 6.5 million square feet of industrial space.

Prior to joining CBRE out of college, John interned with local commercial real estate firm Pace Properties and Badlands Capital, a family office serving ultra-high-net-worth clients in the energy and gas sector.

About the Auction Technology

Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact

Cheri Mascitelli
Auctioneer License: Ten-X Arlene Richardson RE Brkr 478027045
  • Listing ID: 38449690

  • Date on Market: 2026-03-06

  • Last Updated:

  • Address: 946 Tonsor Rd, Alton, IL 62002

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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