119 W 3rd St, Alton, IL 62002
- $699,000
- List Price
- $699,000
- Status
- ACTIVE
- Days on Market
- 42
- MLS#
- 26036927
- Subtype
- Commercial Sale
- Year Built
- 1891
- Lot Size
- 2,435
- Acres
- 0.06
- Subdivision
- Godfrey & Gilmans Add
- Neighborhood
- Godfrey & Gilmans Add
- MLS Area Major
- Alton
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.
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Additional Information
- Taxes
- $16,513
- Flooring
- Carpet, Tile, Vinyl, Wood
- Heating
- Forced Air, Natural Gas
- Air Conditioning
- Ceiling Fan(s), Central Air
- Foundation
- Slab, Stone
- Parking Features
- Alley Access, Asphalt, On Street
Mortgage Calculator
Listing courtesy of Coldwell Banker Brown Realtors.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
