Mixed-Use Downtown Restaurant & Apartments

119 W 3rd Street, Alton, IL 62002

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Mixed-use building with restaurant and bar plus four apartments and outdoor patio, near the Mississippi River.

Type:Retail

HighLights

Mixed‑use commercial building built in 1891 in downtown Alton
Main level includes a restaurant and bar, plus a fenced outdoor patio
Upper levels feature four residential apartments: 2 two‑bedroom and 2 one‑bedroom units
Additional main‑level spaces include a salon and restaurant/retail area
Outside patio space also supports dining/entertainment/special events for main‑level uses
Expansive storage area offers potential for redevelopment into additional apartment units

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Rick Lauschke

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For Sale

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Mixed-use building with restaurant and bar plus four apartments and outdoor patio, near the Mississippi River.

Type:Retail

Added:: Jun 16, 2026
Days on Market:: 6
Last Refresh:: Jun 20 at 2:30 am

Property Features for 119 W 3rd Street

General Information

Standard status: Active
Property subtype: Retail

Building Details

Year Built: 1891

We can help!

Listing Contact

Rick Lauschke

Listing agent Rick Lauschke License #IL

Listing office Coldwell Banker Brown Realtors

Listing date Jun 16, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Brown Realtors

HighLights

Mixed‑use commercial building built in 1891 in downtown Alton
Main level includes a restaurant and bar, plus a fenced outdoor patio
Upper levels feature four residential apartments: 2 two‑bedroom and 2 one‑bedroom units
Additional main‑level spaces include a salon and restaurant/retail area
Outside patio space also supports dining/entertainment/special events for main‑level uses
Expansive storage area offers potential for redevelopment into additional apartment units

Overview

The property at 119 W 3rd Street is a mixed-use building designed for multiple income streams. The main level includes a restaurant and bar, along with a fenced outdoor patio for dining and events. Additional main-level space includes a salon and a restaurant/retail area, which is also described as having an outside patio. The upper levels contain four residential apartments, consisting of two two-bedroom units and two one-bedroom units. An expansive storage area is also part of the building, with redevelopment potential noted in the marketing materials.

Set in downtown Alton within the entertainment district, the building is described as being just blocks from the Mississippi River. The configuration supports both street-level commercial activity and separate residential living above.

For buyers seeking a property with combined commercial and residential components, this layout offers straightforward operational separation between the restaurant/bar, salon, and retail space on the main level and the four apartments on the upper floors. The presence of the additional storage area may also appeal to an owner looking to explore future reconfiguration of that space into more residential units, subject to applicable approvals.

Location Intelligence

Current Use by Public Records

Third Street Hair ... Barber Shop

Suggested Use

Similar Places Nearby

Hiram's Bar — 219 W 3rd St, Alton, IL 62002
Bentley's Bar & Grill — 204 State St, Alton, IL 62002
Cat Daddy's Tavern — 203 W 3rd St, Alton, IL 62002
Copper Bar at State Street Market — 206-212 State St, Alton, IL 62002
Bossanova — 112 W 3rd St, Alton, IL 62002

Location Insight

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Local Demand

City: Alton
County: Madison
State: Illinois
Longitude: -90.186731
Latitude: 38.891067

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For sale
Bars & Pubs
IL
Alton
62002
119 W 3rd Street

What type of property is this?

Bar & Pub - Mixed-use building with restaurant and bar plus four apartments and outdoor patio, near the Mississippi River.

Where is this bar & pub located?

The property is located at 119 W 3rd Street Alton, IL.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: Mixed‑use commercial building built in 1891 in downtown Alton; Main level includes a restaurant and bar, plus a fenced outdoor patio; Upper levels feature four residential apartments: 2 two‑bedroom and 2 one‑bedroom units