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    108-110 E Main St Mascoutah, IL 62258

    Sponsored
    For Sale
    $425,000

    Residential Income, Apartment Style - Mascoutah, IL

    Property size:
    3,838 SF
    Lot size:
    0.07 Acres
    Days on Market:
    23
    Last Refresh:
    Jan 20 at 12:06 pm

    Property Features for 108-110 E Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm
    Rooms
    Basement
    APN
    10-32.0-145-004
    Interior features
    High Ceilings, Storage
    Basement Y/N
    1
    Size
    3,838 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas, Radiant
    Cooling system
    Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1950
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Carpet, Vinyl, Wood
    Building materials
    Brick, Plaster
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Michaela Patterson

    Strano & Associates (618) 257-7690 [email protected]

    Listing agent Michaela Patterson (618) 257-7690 License #475.198801

    Listing date Dec 29, 2025

    MLS# 25059710 Listing URL

    Copyright © 2026 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use 4-Plex in Downtown Mascoutah

    Located in downtown Mascoutah, 108-110 E Main St presents a mixed-use 4-plex offering multiple income streams. Two of the four units are currently occupied. A long-term commercial tenant pays $950 per month, and a one-bedroom residential tenant pays $750 per month. The main-level commercial space is currently rented for $1,300 per month under a 3-year lease starting Oct-1, 2025. Upstairs, a spacious two-bedroom apartment is ready for remodel, presenting an opportunity to add value and increase income, with potential for $1000+ per month. This property, situated on a 0.07-acre lot, spans 3,838 square feet. It is suitable for investors or an owner-occupant looking to build multiple streams of income. The property offers potential for owner occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mascoutah
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.795808
    Latitude
    38.490074

    Nearby Similar for Sale

    • $425,000
      0.06 Acres

      Mixed-Use 4-Plex in Downtown Mascoutah

      Mixed-use 4-plex with income potential in downtown Mascoutah.
      108-110 E Main St, Mascoutah, IL 62258
      View Details
    • $1,100,000
      Pending

      Turnkey Car Wash Business Opportunity

      Well-maintained car wash with five bays and vacuum stations.
      759 N Jefferson St, Mascoutah, IL 62258
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use 4-plex with commercial and residential income potential.
    Where is this mixed-use property located?
    The property is located at 108-110 E Main St Mascoutah, IL.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Mixed-use 4-plex in downtown Mascoutah offering multiple income streams.; - Currently generating income from two tenants: commercial ($950/month) and residential ($750/month).; - Main-level commercial space rented for $1,300/month with a 3-year lease starting Oct-1, 2025.
    (618) 257-7690
    Request Owner's contact information
    108-110 E Main St Mascoutah, IL 62258
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    Mascoutah, IL 62258
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    108-110 E Main St Mascoutah, IL 62258
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    We can help!
    Listing Contact
    Michaela Patterson
    Real Estate License ID: 475.198801
    (618) 257-7690
    Learn more
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