Building Details

Year Built 1940

Listing Agency: Cole Jones Group with Elevate Illinois Realty

Listed By: Olivia Yost Kloeckner Show Phone

Source: Janetmcafee

Added: Apr 5, 2025 Changed: Oct 26 Last Checked: Oct 31 at 5:19PM

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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 Cole Jones Group with Elevate Illinois Realty

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Investment Insights

Based on property information with market context.

This mixed-use offering covers properties at 518–521 Ridge Street and 600 Ridge Street, with nine units in total. The buildings combine commercial and residential space, and the package also includes two vacant lots. All but one of the residential units have been updated. The 520 1/2 Ridge Street unit is vacant.

Key Highlights

• Nine total units across 518–521 Ridge Street and 600 Ridge Street
• Mixed commercial and residential space
• Two additional vacant lots

Property Analytics

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

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Dental Office Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Electrical Service 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

9

Residential units

Location Intelligence

Trade Area within ½ mile

705

Businesses Nearby

Explore this area Business Placement

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 - The offering spans five Ridge Street addresses and includes two vacant lots in addition to its residential and commercial space.

Where is this mixed-use property located?

The property is located at 518 Ridge Street Alton, IL.

What is the asking price?

The asking price for this property is $195,000.

What are key features of this property?

This property features: Nine total units across 518–521 Ridge Street and 600 Ridge Street; Mixed commercial and residential space; Two additional vacant lots