$699,000
119 3rd Street
Alton, IL 62002 · MLS#: 26036927
Listing brokerage: Coldwell Banker Brown Realtors · 618-465-2966 · Agent: Rick Lauschke
About this home
Excellent investment opportunity to own a mixed-use commercial property in the heart of downtown Alton's entertainment district, just blocks from the Mississippi River. This income producing building features a restaurant and bar on the main level, complete with a fenced outdoor patio perfect for dining, entertainment, and special events. The upper levels include four residential apartments(2-two bedroom and 2-one bedroom apartments), providing consistent rental income. An expansive storage area offers great potential for redevelopment into additional apartment units, creating upside for future cash flow. Also located on the main level is a salon space and restaurant/retail area with outside patio, adding additional income streams and enhancing the property's diverse investment income mix. With its combination of commercial, residential, and redevelopment potential, this unique property offers a rare chance to invest in one of Alton's desirable downtown locations.
Property details
- County
- Madison
- Subdivision
- Godfrey & Gilmans Add
- Lot size
- 0.0559 acres
- Days on market
- 0
- Annual taxes
- $16,513
- Heating
- Forced Air, Natural Gas
- Cooling
- Ceiling Fan(s), Central Air
- Flooring
- Carpet, Tile, Vinyl, Wood
- Stories
- 3
Location
Listing courtesy of Coldwell Banker Brown Realtors · MLS#: 26036927. Data provided by MARIS MLS; deemed reliable but not guaranteed.