Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1856 E Broadway Alton, IL 62002

    For Sale
    $550,000

    Retail - Alton, IL

    Type:Retail
    Property size:
    7,126 SF
    Lot size:
    1.00 Acre
    Days on Market:
    112
    Last Refresh:
    Dec 14 at 5:06 pm

    Property Features for 1856 E Broadway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Security features
    Security System, Smoke Detector(s)
    APN
    23-1-08-18-09-201-001
    Parking features
    Paved or Surfaced
    Size
    7,126 SF
    Lot size
    1.00 Acre

    Utilities

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

    Building Details

    Year built
    1977
    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 25, 2025

    MLS# 24063235 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

    Retail, Warehouse Space For Sale

    This property features commercial retail space, a warehouse, and a two-car garage. One storefront is occupied by a well-established restaurant and includes a shared storage area. The warehouse is currently rented to a long-term tenant on a month-to-month basis. The sale includes the commercial buildings and the land, totaling approximately 1 acre. Furniture and fixtures are excluded from the sale. The property is located in Alton, IL, with a total living area of 7126 square feet. Potential rental income from the storefronts could be $7,500 per month or more. The property is located in Madison County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jimmy the Greeks Greek Restaurant

    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
    -90.156242
    Latitude
    38.888711

    Nearby Similar for Sale

    • $225,000
      3,062 SF

      Commercial Building with Income Apartment

      All-brick commercial building with income-producing apartment in high-traffic area.
      2248 E Broadway, Alton, IL 62002
      View Details
    • $350,000
      0.04 Acres

      Turnkey Bar with Income Potential

      Established bar in downtown Alton with gaming and apartment.
      314 State St, Alton, IL 62002
      View Details
    • $340,000
      19,534 SF

      Former Bank Building in Alton

      Versatile commercial property with ample parking and finished lower level.
      1520 Washington Ave, Alton, IL 62002
      View Details
    • $220,000
      1,443 SF

      Alton Multifamily Property with Cottage

      Multifamily property featuring a main residence and separate cottage.
      3302 College Ave, Alton, IL 62002
      View Details
    • $4,000,000
      64,800 SF

      Medical Office Building For Sale

      64,800 SF medical office building on 4.3 acres.
      1 Professional Dr, Alton, IL 62002
      View Details
    • $589,000
      3,000 SF

      Turnkey Irish Pub in Alton

      Established Irish pub for sale in historic downtown Alton, Illinois.
      200 State St, Alton, IL 62002
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial retail, warehouse, and garage space available for purchase.
    Where is this retail space located?
    The property is located at 1856 E Broadway Alton, IL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Potential rental income of $7,500 per month or more from storefronts.; - Includes commercial retail space, warehouse, and two-car garage.; - Sale includes commercial buildings and land.
    (618) 465-2966
    Request Owner's contact information
    1856 E Broadway Alton, IL 62002
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1856 E Broadway
    Alton, IL 62002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1856 E Broadway Alton, IL 62002
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.