Mixed-Use Quadplex with
For Sale
$400,000
108-110 E Main Street, Mascoutah, IL 62258
MULTI_FAMILY - Other - Mascoutah, IL
Property Size3,838 SF
Lot Size0.07 Acres
Price / SF$104.22
Days on Market20
Property Features for 108-110 E Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Basement
Window features
Double Pane Windows
Interior features
High Ceilings, Storage
Basement
Storage Space, Sump Pump
Subdivision
not in a subdivision or complex
Elementary school
MASCOUTAH DIST 19
Middle school
MASCOUTAH DIST 19
High school
Mascoutah
Elementary school district
Mascoutah DIST 19
Middle school district
Mascoutah DIST 19
High school district
Mascoutah DIST 19
Standard status
Active
APN
10-32.0-145-004
Size
3,838 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8069
Utilities
Utilities
Cable Available
Heating system
Forced Air, Natural Gas, Radiant
Cooling system
Wall/Window Unit(s), Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Wood, Carpet
Building materials
Brick, Plaster
Roof type
Asphalt
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Strano & Associates
(618) 277-7653
Listed By:
Michaela Patterson · License #475.198801
(618) 779-6021
Added: Jul 11
Changed: Jul 29
Last Checked: Jul 30 at 8:06PM
MLS# 25059710
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit mixed-use property at 108-110 E Main Street in Mascoutah includes two leased commercial spaces, one leased residential apartment, and one vacant upstairs residential unit. The residential vacancy is a two-bedroom unit, presenting an opportunity for renovation to increase usable space and future rental income.
Current income includes $800/month from a long-term commercial tenant with a lease in place through June 2029, $1,300/month from the main-level commercial space leased through October 1, 2028, and $750/month from a month-to-month one-bedroom residential tenant. The remaining upstairs unit is vacant and ready for renovation.
The building is positioned for combined retail and residential income with downtown exposure, and it is described as being just minutes from Scott Air Force Base.
Current income includes $800/month from a long-term commercial tenant with a lease in place through June 2029, $1,300/month from the main-level commercial space leased through October 1, 2028, and $750/month from a month-to-month one-bedroom residential tenant. The remaining upstairs unit is vacant and ready for renovation.
The building is positioned for combined retail and residential income with downtown exposure, and it is described as being just minutes from Scott Air Force Base.
Key Highlights
- 4‑unit mixed‑use property at 108‑110 E Main St, including two leased commercial spaces, one leased residential unit, and one vacant upstairs residential unit
- Leased commercial income of $800/month (lease through June 2029) plus $1,300/month from another commercial space (leased through Oct 1, 2028)
- Residential income includes $750/month from a month‑to‑month 1‑bedroom tenant; vacant upstairs 2‑bedroom unit ready for renovation
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.4k | $12.60 |
| − Vacancy | −$3.1k | −$0.82 |
| EGI | $45.2k | $11.78 |
| − OpEx | −$13.6k | −$3.53 |
| NOI | $31.7k | $8.25 |
3,838 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$547.8K
$479.4K – $639.2K
NOI $38,349 @ 7.0% cap · market cap 9.59%
Second Best
Multifamily LT 5
$452.2K
$395.6K – $527.5K
NOI $31,651 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$908.6K
$795.0K – $1.06M
NOI $63,601 @ 7.0% cap · market cap 15.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Explore this area
Business Placement
Demographics for 62258, IL
10,379
Population
3,908
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
95%
High-School Grad
75.4 sq mi
ZIP Area
138
Density / Sq Mi
$90,417
Median Household Income
$46,395
Median Earnings
$1,231
Median Rent
$229,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit mixed-use building with two leased commercial spaces and a vacant upstairs residential unit.
Where is this quadplex located?
The property is located at 108-110 E Main Street Mascoutah, IL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 4‑unit mixed‑use property at 108‑110 E Main St, including two leased commercial spaces, one leased residential unit, and one vacant upstairs residential unit; Leased commercial income of $800/month (lease through June 2029) plus $1,300/month from another commercial space (leased through Oct 1, 2028); Residential income includes $750/month from a month‑to‑month 1‑bedroom tenant; vacant upstairs 2‑bedroom unit ready for renovation
