119 W 3rd ST, Alton, IL 62002
See all 78 photos
119 W 3rd ST, Alton, IL 62002
119 W 3rd ST, Alton, IL 62002
119 W 3rd ST, Alton, IL 62002
119 W 3rd ST, Alton, IL 62002
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
David Cisler

David Cisler

+1(618) 781-1745
$ 699,000
Est. payment /mo
Save
Active

119 W 3rd ST Alton, IL 62002

2,435 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Godfrey & Gilmans Add

MLS Listing ID 26036927

Year Built 1891

Annual Tax Amount $16,513

Lot Size 2,435 Sqft

Acres 0.0559

Property Sub-Type Retail

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.

Location

State IL

County Madison

Interior

Heating Forced Air, Natural Gas

Cooling Ceiling Fan(s), Central Air

Flooring Carpet, Tile, Vinyl, Wood

Fireplace N

Laundry Common Area, In Hall, Upper Level

Exterior

Fence Other, Partial

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

Building

Water Public

Structure Type Brick,Other,Wood Siding

Others

Ownership Private

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Rick Lauschke • Coldwell Banker Brown Realtors

NEARBY SCHOOLS & PROPERTIES

David Cisler

David Cisler

Managing Broker / Appraiser | License ID: 471.003145

+1(618) 781-1745

GET MORE INFORMATION

Full Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Cisler & Associates Real Estate Inc., including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

119 W 3rd ST

QUICK GENERAL SEARCH