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    2248 E Broadway Alton, IL 62002

    For Sale
    $225,000

    Commercial Sale - Alton, IL

    Property size:
    3,062 SF
    Lot size:
    0.14 Acres
    Days on Market:
    8
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 2248 E Broadway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm, Security System, Security System Owned, Smoke Detector(s)
    APN
    23-2-08-18-09-201-021
    Appliances
    Cooktop, Cooktop - Gas, Microwave, Refrigerator
    Size
    3,062 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1952
    Building materials
    Brick
    Architectural style
    Other

    Keller Williams Marquee (618) 307-5616 [email protected]

    Listing agent Yvonne Rushton (618) 307-5616 License #475.196937

    Listing date Nov 28, 2025

    MLS# 25078882 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

    Commercial Building with Income Apartment

    This two-story, all-brick commercial building is located in a high-traffic retail corridor. The property includes a durable tin roof. The upper level features a 2-bedroom apartment that is currently occupied by tenants. The lease agreement is negotiable with an accepted offer. The lower level provides 2,251 square feet of adaptable commercial space with two separate entrances, allowing for flexible use as one large business or division into two spaces. The property is suitable for various businesses, including lash and brow studios, tattoo artists, solo estheticians, personal trainers, counselors or therapists, and boutique retail. Recent updates include Google Nest fire and carbon detectors, new exterior LED lighting, and electrical improvements. The property also includes a 2-bay detached garage and two parcels. The lot size is 0.1377 acres. The total property size is 3,062 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strategic BJJ - Alton Martial Arts School

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.154093
    Latitude
    38.888189

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    FAQs

    What type of property is this?
    Mixed-use property - All-brick commercial building with income-producing apartment in high-traffic area.
    Where is this mixed-use property located?
    The property is located at 2248 E Broadway Alton, IL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Income-producing 2-bedroom apartment with existing tenants; - High-visibility location in a high-traffic retail corridor; - Adaptable 2,251 sq ft commercial space with two separate entrances
    (618) 307-5616
    Request Owner's contact information
    2248 E Broadway Alton, IL 62002
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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
    2248 E Broadway Alton, IL 62002
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