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Mixed-Use Building with Apartments
For Sale
$215,000

2356 State Street, Alton, IL 62002

Four occupancies pair renovated apartments with renovated commercial space in a single building.

Property Size3,656 SF
Price / SF$58.81
Days on Market110

Property Features for 2356 State Street

General Information

Standard status Active
Size 3,656 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $4,841

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: Eaglerealtygroup
Added: Jul 8 Changed: Oct 23 Last Checked: Oct 23 at 12:23PM

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

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Investment Insights

Based on property information with market context.

Located at 2356 State Street in Alton, this mixed-use property was built in 1942 and contains four occupancies: two renovated apartments and two renovated commercial spaces. The apartments include a two-bedroom, one-bathroom unit and a one-bedroom, one-bathroom unit. Laundry and storage are available on the property.

Each unit has separate electrical service. A boiler installed in 2021 supplies radiant heat throughout the building, and a building-wide fire alarm system is in place. Off-street parking is also provided.

Key Highlights

  • Four occupancies: two renovated apartments and two renovated commercial spaces
  • Apartment layouts include 2 bedrooms and 1 bath, and 1 bedroom and 1 bath
  • Separate electrical service for each unit

Property Analytics

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

Current Use

Mandrell Agency Inc Real Estate Agency

Suggested Use

Top Pick Parking Lot & Garage Electrical Service HVAC Service Kitchen & Bath Showroom Plumbing Service Garden Center

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

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
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 occupancies pair renovated apartments with renovated commercial space in a single building.
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 $215,000.
What are key features of this property?
This property features: Four occupancies: two renovated apartments and two renovated commercial spaces; Apartment layouts include 2 bedrooms and 1 bath, and 1 bedroom and 1 bath; Separate electrical service for each unit
More about this property
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