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    1850 E Broadway Alton, IL 62002

    For Sale
    $175,000

    Retail - Alton, IL

    Type:Retail
    Property size:
    4,687 SF
    Lot size:
    0.17 Acres
    Days on Market:
    129
    Last Refresh:
    Dec 13 at 11:06 am

    Property Features for 1850 E Broadway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    23-2-07-13-12-201-034
    Parking features
    Paved or Surfaced
    Size
    4,687 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air, Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1950
    Building materials
    Block, Brick, Concrete
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Coldwell Banker Brown Realtors (618) 692-7290 [email protected]

    Listing agent Rick Lauschke (618) 465-2966 License #471.000992

    Listing date Aug 7, 2025

    MLS# 24020711 Listing URL

    Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two-Story Retail/Office/Residential Building

    This two-story building in Alton, IL, offers flexibility for various uses. It could function as office or retail space throughout, or feature office/retail space in the front portion of the main floor with potential storage or warehouse space in the back. Alternatively, the first floor could accommodate office/warehouse space with an apartment on the second floor. A roll-up door with an exterior ramp provides drive-in access to the back warehouse space. The second floor is suitable for an apartment or additional office space. Investors could create one to two commercial rental units on the first floor and an apartment on the second floor. Retail operators could utilize the first floor for retail and reside on the second floor. Handicap ramp access is available at the front office/retail entrance. The property is located in a HUB Zone and experiences an average daily traffic count of 10,700 vehicles per day. The building has a living area of 4687 square feet and is situated on a lot of approximately 0.171 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.157412
    Latitude
    38.888125

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    FAQs

    What type of property is this?
    Retail space - Two-story building suitable for retail, office, storage, or residential use.
    Where is this retail space located?
    The property is located at 1850 E Broadway Alton, IL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Flexible zoning allows for office, retail, warehouse, or residential use, offering diverse income potential or owner-occupancy options.; - Roll-up door and exterior ramp provide direct access for loading/unloading and potential warehouse operations.; - High traffic location (10,700 VPD) offers excellent visibility for retail or office tenants.
    (618) 465-2966
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    Realmo Value Estimation

    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.

    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.

    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
    1850 E Broadway Alton, IL 62002
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