119 W 3rd Street, Alton, IL

Retail for Sale - $699,000 - 0.06 acres


Agent Info

Rick Lauschke
Coldwell Banker Brown Realtors

Property Info

CIMLS#1192811
Location
  119 W 3rd Street
  Alton IL 62002
UpdatedJune 16th, 2026
TypeRetail
Price$699,000
Land0.06 acres

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.


Financials


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