Mixed-Use Building with Three
For Sale
$365,000
215 W 3rd Street, Alton, IL 62002
Commercial Sale, Alton, IL
Property SizeContact for details
Lot Size0.13 Acres
Days on Market50
Property Features for 215 W 3rd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Godfrey & Gilmans Add
Standard status
Active
APN
23-2-07-14-06-103-017
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6765
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1880
Floors in Building
2
Building materials
Brick
Listing Agency:
Landmark Realty
(618) 466-1513
Listed By:
Nicholas Schranck · License #475.194759
(618) 466-1513
Added: Jul 7
Changed: Aug 24
Last Checked: Aug 25 at 1:06AM
MLS# 26043229
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Investment Insights
Based on property information with market context.
Built in 1880, this brick mixed-use building contains three ground-floor storefronts: a former bar and restaurant space alongside two additional retail areas. The second floor is configured for three apartment units, including one unit that was recently occupied and is now vacant, plus two units requiring completion. Forced-air heating and central air conditioning serve the property.
The building occupies 0.1274 acres at 215 W 3rd Street in downtown Alton, near shops, restaurants, entertainment, and the Mississippi River. The property is offered as-is. The City of Alton offers TIF incentives for qualifying residential improvements, which may support eligible work on the unfinished apartment units.
The building occupies 0.1274 acres at 215 W 3rd Street in downtown Alton, near shops, restaurants, entertainment, and the Mississippi River. The property is offered as-is. The City of Alton offers TIF incentives for qualifying residential improvements, which may support eligible work on the unfinished apartment units.
Key Highlights
- Three ground‑floor storefront spaces, including a former bar and restaurant area
- Three second‑floor apartment units; one recently occupied and now vacant
- Two apartment units are ready to be completed
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
3k
Monthly Visits Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick commercial property pairs multiple retail spaces with upper-level apartment units in downtown Alton.
Where is this mixed-use property located?
The property is located at 215 W 3rd Street Alton, IL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Three ground‑floor storefront spaces, including a former bar and restaurant area; Three second‑floor apartment units; one recently occupied and now vacant; Two apartment units are ready to be completed
