Commonwealth Commercial Sells Oakwood Plaza Retail Center In Alton For $9.3 Million

A retail center named Oakwood Plaza, located at 1701-1755 Homer M Adams Parkway in Alton, Illinois, has been sold for $9,300,000. The 45,400-square-foot property, completed in 2005, features 16 tenants, including national retailers such as Panera Bread, Dollar Tree, and Spectrum, catering to a suburban market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,300,000
• Square Footage: 45,400
• Address: 1701-1755 Homer M Adams Parkway
• Market: Alton
• Price Per Square Foot: $205
• Seller: Commonwealth Commercial
• Brokers: Chris Garavaglia & Alex Perez - Marcus & Millichap

Marcus & Millichap facilitated this transaction, representing the seller, Commonwealth Commercial. The sale demonstrates ongoing interest in retail assets within suburban markets, highlighting the presence of reputable tenants in the property.