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2009 Seminary Rd 44,500 SF Specialty Building Offered at $530,000 in Alton, IL 62002
Investment Highlights
- Ample land supporting additional construction or outdoor amenities
- Nearly 40-acre campus with three main buildings ideal for creative redevelopment
- Close proximity to major roadways for convenient regional access
- Newer roof and updated mechanicals in select structures
Executive Summary
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.
Property Facts
| Price | $530,000 | Lot Size | 10.86 AC |
| Price Per SF | $11.91 | Building Size | 44,500 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1903 |
| Property Subtype | School | Parking Ratio | 1.12/1,000 SF |
| Building Class | C | Parcel Number | 23-2-08-07-07-201-016 |
| Zoning | R1 & R2 - Single-family residential | ||
| Price | $530,000 |
| Price Per SF | $11.91 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | C |
| Lot Size | 10.86 AC |
| Building Size | 44,500 SF |
| No. Stories | 1 |
| Year Built | 1903 |
| Parking Ratio | 1.12/1,000 SF |
| Zoning | R1 & R2 - Single-family residential |
| Parcel Number | 23-2-08-07-07-201-016 |
Amenities
- Air Conditioning
- Locker Room
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
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2009 Seminary Rd
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