MLS#26036927
STATUSActive
PROPERTY TYPECommercial - Retail
SUBDIVISIONGodfrey Gilmans Add
Property Description
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 Features
Property Type: Commercial - Retail
Cooling: Ceiling Fan(s), Central Air
Heating: Forced Air, Natural Gas
Lot Size: 0.06 Acres
Taxes: $16,513
Year Built: 1891
Feature Descriptions
Current Use: Multi-Family, Restaurant
Electric: Single Phase, Ameren
Exterior: Brick, Other, Wood Siding
Fencing: Other, Partial
Laundry: Common Area, In Hall, Upper Level
Parcel#: 23-2-07-14-06-103-012
Parking: Alley Access, Asphalt, On Street
Potential Use: Commercial, Professional Service, Restaurant, Retail
Road Frontage: City Street
Road Surface: Asphalt
Tenant Pays: Cable TV, Electricity, Sewer, Telephone, Water
Topography: Flood Plain, Level
Water: Public
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Brown Realtors
Shown By
Agent Name: Holly Nobbe
Agent Phone: (314) 461-5758
Agency Title: Strano & Associates
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119 W 3rd Street | MLS# 26036927
This commercial property located at 119 W 3rd Street , Alton, IL 62002 is currently listed for sale with an asking price of $699,000. Search Alton real estate on hnobbe.strano.com today.