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Mixed-Use Building with Upper-Level Space

202 State Street, Alton, IL 62002

For Sale
New
$175,000

Commercial Sale, Alton, IL

Property SizeContact for details
Lot Size0.03 Acres
Days on Market2

Property Features for 202 State Street

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Penitentiary/Alton
Standard status Active
APN 23-2-07-14-06-101-025
Lot size 0.03 Acres

Additional Details

Tenant in Place Yes
Mixed-Use Components retail, residential

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 5632

Building Details

Year built 1950
Floors in Building 3
Building materials Brick
Buildings 1
Listing Agency: Tarrant and Harman Real Estate and Auction Co
Listed By: Kristen Weld · License IL #2021011734
Added: Nov 9 Changed: Nov 10 Last Checked: Nov 10 at 10:06AM
MLS# 26071387

Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This brick mixed-use building dates to 1950 and is arranged across multiple levels. A cigar shop tenant currently occupies the commercial space. The second floor contains living quarters, and the third level is partially finished, providing additional interior area.

The property is on State Street in Alton, just off River Road. The existing tenant may remain and continue renting or relocate within 60 days of closing. The upper floors offer distinct residential and partially finished space within the same building.

Key Highlights

  • Brick construction; built in 1950
  • Current cigar shop tenant may stay or relocate within 60 days of closing
  • Second‑floor living quarters

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

AP Cigar Co. ... (Bike/Boat/Book/etc) Store

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

690
Businesses Nearby
3k
Monthly Visits Nearby

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A cigar shop occupies the ground floor, with residential quarters and unfinished area above.
Where is this mixed-use property located?
The property is located at 202 State Street Alton, IL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Brick construction; built in 1950; Current cigar shop tenant may stay or relocate within 60 days of closing; Second‑floor living quarters
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