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Mixed-Use Building with Apartments
For Sale
$699,000

119 W 3rd Street, Alton, IL 62002

Four apartments sit above ground-floor restaurant, bar, salon, and retail space.

Property Size10,200 SF
Price / SF$68.53
Days on Market133

Property Features for 119 W 3rd Street

General Information

Standard status Active
Size 10,200 SF
Property subtype Commercial

Units

Unit Mix 2 x 2BR, 2 x 1BR
Multifamily Units 4

Additional Details

Patio Yes

Taxes and HOA fees

Annual Taxes $16,513

Building Details

Building Size 10,200 SF
Year Built 1891
Buildings 3
Stories 3
Tenancy Multi
Listing Agency: Flowers Home Realty
Listed By: Marletta Flowers
Source: Flowershomerealty
Added: Jun 15 Changed: Oct 23 Last Checked: Oct 23 at 1:26PM

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 Flowers Home Realty

Rey
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Investment Insights

Based on property information with market context.

This downtown Alton mixed-use property combines residential units with several commercial spaces. The upper floors contain four apartments: two two-bedroom units and two one-bedroom units. Ground-floor spaces include a restaurant and bar, a salon, and an area designated for restaurant or retail use. A fenced outdoor patio serves the commercial space, and the building also includes a large storage area.

The property is in Alton’s downtown entertainment district, a few blocks from the Mississippi River. Built in 1891, it brings together residential and commercial uses in a single building.

Key Highlights

  • Four apartments: two two‑bedroom units and two one‑bedroom units
  • Ground‑floor restaurant and bar, plus salon and restaurant/retail space
  • Fenced outdoor patio

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Third Street Hair ... Barber Shop

Suggested Use

Top Pick Real Estate Agency Pharmacy Parking Lot & Garage Storage Facility Electrical Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

690
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Four apartments sit above ground-floor restaurant, bar, salon, and retail space.
Where is this mixed-use property 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: Four apartments: two two‑bedroom units and two one‑bedroom units; Ground‑floor restaurant and bar, plus salon and restaurant/retail space; Fenced outdoor patio
More about this property
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