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    Turn-Key Automotive Shop Opportunity Title is generated by Realmo AI

    808 E Broadway, Alton, IL 62002

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    Claim this Listing
    New
    For Sale
    $475,000

    Business - Alton, IL

    Type:Business
    Property size:
    2,900 SF
    Lot size:
    0.45 Acres
    Price / SF:
    $163/SF
    Added:
    May 29, 2026
    Days on Market:
    3
    Last Refresh:
    May 31 at 3:06 pm

    Property Features for 808 E Broadway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Parking
    50
    Security features
    Security System
    Exterior features
    Fencing
    Fencing
    Fenced
    Standard status
    Active
    APN
    23-2-07-13-05-107-018
    Size
    2,900 SF
    Lot size
    0.45 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6744

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1994
    Flooring type
    Concrete
    Building materials
    Metal Siding
    Architectural style
    Other

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    Listing Contact
    Mark Harman

    Listing agent Mark Harman License #471015081

    Listing office Tarrant and Harman Real Estate and Auction Co 3644 Fosterburg Rd., Alton, IL

    Listing date May 29, 2026

    MLS# 25071153 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location near the Clark Bridge in Alton, offering excellent visibility and easy access.
    • Fully equipped, move‑in‑ready automotive shop with four vehicle lifts, including heavy‑duty models.
    • Spacious shop area with four bays, large overhead doors, and approximately 14‑foot ceilings.
    • Durable metal siding and a two‑tier gravel and asphalt parking lot provide customer convenience and ample vehicle storage.
    • Comfortable office and reception area with central air conditioning, a break room/security room, and two half bathrooms (one handicap accessible).
    • Dual overhead gas furnaces and a heavy‑duty air compressor ensure efficient shop operation.

    Overview

    This is a turn-key commercial opportunity to own a fully equipped, move-in-ready automotive shop in a high-traffic location in Alton, Illinois. The property is situated seconds from the Clark Bridge, across from McDonald’s, and near major roadways, offering excellent visibility, easy access, and steady traffic flow. The building features durable metal siding and a two-tier gravel and asphalt parking lot. The shop area includes four well-maintained bays with four large overhead doors (10 feet wide by 12 feet tall) and approximately 14-foot ceilings. The shop contains four vehicle lifts, including two 4-post heavy-duty lifts (25,000 lbs. and 12,000 lbs.), one 2-post brake rack (9,000 lbs.), and one 4-post rack (12,000 lbs.). Dual overhead gas furnaces heat the shop, and a heavy-duty air compressor with two air lines services both sides of the workspace. The property features an office and reception area with central air conditioning and a dedicated furnace, a break room/security room, and two half bathrooms, one of which is handicap accessible. The office also includes an upstairs loft area that provides additional storage space, as well as a separate furnace located in the loft. A new electric water heater is installed. The sale includes a John Deere lawn tractor, a 1-ton hoist, Craftsman 5 HP 60-gallon air compressor, oil recovery unit, parts washer, Ben Pierson pipe bender, tire spin jack, Miller MIG welder (115V), file bench, screw jacks, creeper stools, neon “Open” sign, microwave, small refrigerator, TV monitor, coffee maker, and a full security camera and VCR system. Both the upper and lower parking lots are included in the sale. The property is well lit, recently passed a city fire inspection, and all fire extinguishers are up to date. The property size is 2900 square feet and the lot size is 0.4504 acres.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $52.2k $18.00
    − Vacancy −$1.4k −$0.47
    EGI $50.8k $17.53
    − OpEx −$15.3k −$5.26
    NOI $35.6k $12.27
    2,900 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $508.4K
    $444.9K – $593.2K (±1% cap)
    NOI $35,590 @ 7.0% cap · market cap 7.49%
    Second Best
    Industrial
    $171.2K
    $149.8K – $199.7K (±1% cap)
    NOI $11,982 @ 7.0% cap · market cap 2.52%
    Theoretical Best
    Office A
    $790.5K
    $691.7K – $922.2K (±1% cap)
    NOI $55,332 @ 7.0% cap · market cap 11.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mad Hatter Mufflers ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Fix Flats Auto Repair alton, il 62002
    • Evolution Cycles 1204 E Broadway, Alton, IL 62002
    • Ron's Autobody 833 E Broadway, Alton, IL 62002
    • Berger Automotive 927 E Broadway, Alton, IL 62002
    • Drake Tire & Auto Service, LLC 1214 E Broadway, Alton, IL 62002

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.172889
    Latitude
    38.889477

    FAQs

    What type of property is this?
    Auto shop - Fully equipped automotive shop in high-traffic Alton location for sale.
    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 $475,000.
    What are key features of this property?
    This property features: High‑traffic location near the Clark Bridge in Alton, offering excellent visibility and easy access.; **Fully equipped, move‑in‑ready automotive shop with four vehicle lifts**, including heavy‑duty models.; Spacious shop area with four bays, large overhead doors, and approximately 14‑foot ceilings.
    More about this property
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