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Mixed-Use Building with Apartment
For Sale
$220,000

2248 E Broadway, Alton, IL 62002

Two-story brick property combines ground-floor commercial space with an occupied apartment above.

Property Size3,062 SF
Price / SF$71.85
Days on Market331

Property Features for 2248 E Broadway

General Information

Standard status Active
Size 3,062 SF
Total Parking Spaces 2
Property subtype Commercial

Units

Unit Mix 1 x 2BR
Multifamily Units 1

Additional Details

Mixed-Use Components retail, residential
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $3,231

Building Details

Building Size 3,062 SF
Year Built 1952
Buildings 1
Stories 2
Construction brick
Listing Agency: Flowers Home Realty
Listed By: Marletta Flowers
Source: Flowershomerealty
Added: Nov 28, 2025 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

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Investment Insights

Based on property information with market context.

This two-story, all-brick mixed-use property at 2248 E Broadway in Alton, Illinois, was built in 1952. The ground floor contains 2,251 square feet of commercial space, with two separate entrances that support a single operation or separate areas. A two-bedroom apartment occupies the upper floor and has tenants in place; lease terms may be negotiated with an accepted offer.

The property includes a detached two-bay garage and comprises two parcels. Improvements include electrical work, exterior LED lighting, and Google Nest fire and carbon monoxide detectors. A tin roof serves the building.

Key Highlights

  • 2,251 square feet of commercial space on the ground floor
  • Occupied two‑bedroom apartment on the upper floor; lease terms negotiable with an accepted offer
  • Two separate entrances to the commercial area

Property Analytics

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Current Use

Strategic BJJ - Alton Training Center

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Spa & Massage Center Nail Salon Storage Facility

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

1
Residential units

Location Intelligence

Trade Area within ½ mile

175
Businesses Nearby
17k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Alton #3 Shops & Services
6,899 visits/mo 0.3 miles
Dollar General Shops & Services
6,396 visits/mo 0.2 miles
Phillips 66 Shops & Services
3,580 visits/mo 0.3 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 - Two-story brick property combines ground-floor commercial space with an occupied apartment above.
Where is this mixed-use property located?
The property is located at 2248 E Broadway Alton, IL.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 2,251 square feet of commercial space on the ground floor; Occupied two‑bedroom apartment on the upper floor; lease terms negotiable with an accepted offer; Two separate entrances to the commercial area
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