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    314 State St Alton, IL 62002

    For Sale
    $350,000

    Commercial Sale - Alton, IL

    Lot size:
    0.04 Acres
    Days on Market:
    40
    Last Refresh:
    Dec 7 at 2:06 pm

    Property Features for 314 State St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    23-2-07-14-06-101-034
    Lot size
    0.04 Acres

    Building Details

    Year built
    1896
    Building materials
    Brick
    Architectural style
    Other

    Tarrant & Harman Real Estate and Auction Co. (618) 433-9436 [email protected]

    Listing agent Kristen Heitzig-Weld (618) 433-9436 License #475148918

    Listing date Oct 29, 2025

    MLS# 25049658 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

    Turnkey Bar with Income Potential

    This property presents an opportunity to own an established bar in downtown Alton. The high-visibility location features a fully operational bar with fixtures, furniture, and a gaming area equipped with slot machines. The slot machines are licensed and generating income. The property includes spacious indoor and outdoor seating. An upstairs apartment with a separate entrance offers potential for live-in ownership or additional rental income. The property benefits from foot traffic and proximity to nearby attractions. The property is suitable for experienced bar owners or investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm Firehouse Bar

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Similar Places Nearby

    Hiram's Bar, Bentley's Bar & Grill, Cat Daddy's Tavern, Copper Bar at State Street Market, Bossanova

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.18877
    Latitude
    38.891636

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    FAQs

    What type of property is this?
    Bar - Established bar in downtown Alton with gaming and apartment.
    Where is this bar located?
    The property is located at 314 State St Alton, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Turnkey bar with existing slot machines providing immediate income.; - Prime downtown Alton location with high visibility and foot traffic.; - Fully operational bar with all fixtures and furniture included.
    (618) 433-9436
    Request Owner's contact information
    314 State St Alton, IL 62002
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    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
    314 State St Alton, IL 62002
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