Four-Bay Automotive Repair
For Sale
$450,000
808 E Broadway, Alton, IL 62002
Includes vehicle lifts, service equipment, customer reception space, and separate upper and lower parking areas.
Property Size2,900 SF
Price / SF$155.17
Days on Market363
Property Features for 808 E Broadway
General Information
Standard status
Active
Size
2,900 SF
Total Parking Spaces
50
Property subtype
Commercial
Additional Details
Outdoor Storage
Yes
Service Bays
4
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$6,744
Amenities
office
reception area
break room
security room
two half bathrooms
handicap accessible bathroom
upstairs loft area
central air conditioning
dual overhead gas furnaces
heavy-duty air compressor
new electric water heater
security camera system
Building Details
Building Size
2,900 SF
Year Built
1994
Buildings
1
Stories
1
Construction
metal
Listing Agency:
Tarrant and Harman Real Estate and Auction Co
(618) 433-9436
Listed By:
Mark Harman · License #471015081
(618) 971-7720
Source:
Finehomesbydawn
Added: Oct 28, 2025
Changed: Oct 23
Last Checked: Oct 23 at 1:12PM
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.
This 2,900-square-foot automotive shop, built in 1994, has four service bays with overhead doors measuring 10 feet wide by 12 feet tall and ceilings approximately 14 feet high. Three vehicle lifts, a heavy-duty air compressor with two air lines, and a range of shop equipment are included. The building also contains an office and reception area, a break and security room, two half bathrooms, and an upstairs loft for storage. Metal siding, gas heat in the shop, and central air conditioning in the office complete the improvements.
The property at 808 E Broadway in Alton includes upper and lower parking areas with gravel and asphalt surfaces. It is across from McDonald's and near the Clark Bridge and major roadways.
Included equipment includes a John Deere lawn tractor, a 1-ton hoist, an oil recovery unit, a parts washer, a pipe bender, a tire spin jack, a MIG welder, and a security camera system. The former business name and phone number are excluded from the sale.
The property at 808 E Broadway in Alton includes upper and lower parking areas with gravel and asphalt surfaces. It is across from McDonald's and near the Clark Bridge and major roadways.
Included equipment includes a John Deere lawn tractor, a 1-ton hoist, an oil recovery unit, a parts washer, a pipe bender, a tire spin jack, a MIG welder, and a security camera system. The former business name and phone number are excluded from the sale.
Key Highlights
- Four service bays with 10‑foot‑wide by 12‑foot‑tall overhead doors
- Approximately 14‑foot shop ceilings and three vehicle lifts
- 2,900‑square‑foot building constructed in 1994
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,590
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,800
$711.8K
Cap Rate 7%
$508,429
$508.4K
Cap Rate 9%
$395,444
$395.4K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$52.2K $18.00/SF
− Vacancy
−$1.4K −$0.47/SF
EGI
$50.8K $17.53/SF
− OpEx
−$15.3K −$5.26/SF
NOI
$35.6K $12.27/SF
Area
Madison County, IL
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,800
Cap Rate 7%
$508,429
Cap Rate 9%
$395,444
Alternative Uses
Best Use
Retail
$508.4K
$444.9K – $593.2K
NOI $35,590 @ 7.0% cap · market cap 7.91%
Second Best
Industrial
$171.2K
$149.8K – $199.7K
NOI $11,982 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$790.5K
$691.7K – $922.2K
NOI $55,332 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Service bays
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
30k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
McDonald's
Dining
24,486 visits/mo
0.2 miles
Taco Bell
Dining
5,387 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
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Berger Automotive — 927 E Broadway, Alton, IL 62002
- Ron's Autobody — 833 E Broadway, Alton, IL 62002
- Fix Flats Auto Repair — alton, il 62002
- Drake Tire & Auto Service, LLC — 1214 E Broadway, Alton, IL 62002
- Evolution Cycles — 1204 E Broadway, Alton, IL 62002
Frequently Asked Questions
What type of property is this?
Auto shop - Includes vehicle lifts, service equipment, customer reception space, and separate upper and lower parking areas.
Where is this auto shop located?
The property is located at 808 E Broadway Alton, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four service bays with 10‑foot‑wide by 12‑foot‑tall overhead doors; Approximately 14‑foot shop ceilings and three vehicle lifts; 2,900‑square‑foot building constructed in 1994
