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About the Listing CBBR06 - LAUSR
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.
Listing Highlights
Status
Active
Days on Site
36
Property Type
Commercial Sale
MLS ®
26036927
Year Built
1891
Total Square Footage
0
Lot/Acreage
0.06
County
Madison
Neighborhood
Godfrey & Gilmans Add
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Ceiling Fan(s),Central Air
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor: Carpet,Tile,Vinyl,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
- Parking Features: Alley Access,Asphalt,On Street
Financial Details
- Tax Amount: $16,513
- Taxes w/Assessments: N/A
- Tax/Property ID: 23-2-07-14-06-103-012
- Tax Year: 2024
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
119 W 3rd St Alton, IL 62002
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