Mixed-Use Downtown Restaurant &
For Sale
Contact for pricing
119 W 3rd Street, Alton, IL 62002
Mixed-use building with restaurant and bar plus four apartments and outdoor patio, near the Mississippi River.
Property SizeContact for details
Days on Market52
Property Features for 119 W 3rd Street
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Business Included
Yes
Multifamily Units
4
Building Details
Year Built
1891
Listing Agency:
Coldwell Banker Brown Realtors
Listed By:
Rick Lauschke · License #IL
Source:
Crexi
Added: Jun 16
Changed: Jul 10
Last Checked: Aug 6 at 6:25AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Morrison's Irish Pub
Dining
2,177 visits/mo
0.1 miles
Ragin Cajun
Dining
814 visits/mo
0.1 miles
Demographics for 62002, IL
30,176
Population
14,832
Households
2
Avg Household Size
41
Median Age
24%
College-Educated
92%
High-School Grad
41.3 sq mi
ZIP Area
731
Density / Sq Mi
$57,851
Median Household Income
$38,120
Median Earnings
$941
Median Rent
$114,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market 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
Frequently Asked Questions
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
