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Mixed-Use Building with Renovated Units
For Sale
$225,000

2356 State Street, Alton, IL 62002

Four-unit property combines renovated apartments and commercial suites with shared laundry, storage, parking, and building-wide fire protection.

Property Size3,656 SF
Days on Market45

Property Features for 2356 State Street

General Information

Standard status Active
Size 3,656 SF
Property subtype Commercial

Units

Unit Mix 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $4,841

Amenities

laundry
storage
off-street parking

Building Details

Building Size 3,656 SF
Year Built 1942
Buildings 1
Listing Agency: Tarrant and Harman Real Estate and Auction Co
Listed By: Jason Jackson · License #475187519
Source: Exit2newbeginningz
Added: Jul 8 Changed: Aug 15 Last Checked: Aug 20 at 2:25PM

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 Tarrant and Harman Real Estate and Auction Co

Investment Insights

Based on property information with market context.

This mixed-use property in Alton contains four units: two renovated apartments and two renovated commercial spaces. The residential units include a two-bedroom, one-bath layout and a one-bedroom, one-bath layout. Laundry and storage are available on the property, while each unit has separate electrical service.

Constructed in 1942, the building received a new boiler in 2021 that supplies radiant heat throughout the structure. A fire alarm system serves the entire building, and off-street parking is included. The property is located at 2356 State Street in Alton, Illinois.

Key Highlights

  • Four‑unit mixed‑use building with 2 renovated apartments and 2 renovated commercial spaces
  • Apartment layouts include 2 bedrooms and 1 bath, plus 1 bedroom and 1 bath
  • New boiler installed in 2021 provides radiant heat throughout the building

Property Analytics

Current Use

Mandrell Agency Inc Real Estate Agency

Suggested Use

Top Pick Parking Lot & Garage Electrical Service HVAC Service Bakery Kitchen & Bath Showroom Plumbing 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.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

362
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Four-unit property combines renovated apartments and commercial suites with shared laundry, storage, parking, and building-wide fire protection.
Where is this mixed-use property located?
The property is located at 2356 State Street Alton, IL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Four‑unit mixed‑use building with 2 renovated apartments and 2 renovated commercial spaces; Apartment layouts include 2 bedrooms and 1 bath, plus 1 bedroom and 1 bath; New boiler installed in 2021 provides radiant heat throughout the building
More about this property
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