119 W 3rd Street
$699,000
119 W 3rd Street, Alton, IL 62002
2,435 sqft
Lot Area
1891
Year Built
Details:
Highlights:
- Annual Tax: $ 16513.0
- Exterior Description: Brick
- Water: Municipal Water
- General: Ceiling Fan(s)
- Heating Fuel Type: Gas
- Road Type: City / Town Street
- Cooling: Central A/C
- Fencing: Partially Fenced
- Heating Type: Forced Air
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.
Listing ID: d88bb827-f007-4d8c-ad54-addb21dfd6ce
Location
Gallery
