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About This Home
This 0-bedroom, 0-bathroom commercial at 119 W 3rd Street in Alton, IL is listed for $699,000 ($69 per sqft). Built in 1891, the home offers 10,200 sqft of living space on a 0.06 acres lot.
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.
Key Features
- Built in 1891
- 0.06 acre lot
Property Details
Monthly Cost Estimate
$3,738/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
119 W 3rd Street
Alton, IL 62002
Godfrey & Gilmans Add
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 119 W 3rd Street is listed at $699,000 ($69/sqft). The estimated monthly payment is $3,029 based on 20% down at 6.5% interest.
Key features include: Built in 1891, 0.06 acre lot. Exterior Features: Fencing.
This property is listed by Rick Lauschke and can be reached at 6184449182 or rlauschke@cbbrownrealtors.com.
