401 Piasa St Alton, IL 62002
This exceptional Alton, IL property offers a turnkey opportunity to acquire a thriving restaurant and event center. The complex encompasses three buildings totaling 23,018 square feet on a 1.47-acre lot (APN 23-2-07-14-07-201-001), zoned B-2. The main building features a fully equipped 8,000+ square foot restaurant and event venue with a substantial kitchen (22' hood system, 2 walk-ins), showcasing a unique design reflecting Alton's history. A large covered patio (seating for 60+) is complemented by a 1,200 square foot enclosed lodge bar with a fireplace. The outdoor area also includes an elevated stage and a 30x40 foot lawn. A historic 13,000 square foot building (Old Beale Warehouse) is also part of the property. Ample on-site parking (80+ spaces) is available. This prime location in Alton's entertainment district, within walking distance of the riverfront and near major redevelopment projects, presents a rare investment opportunity. The asking price is $849,000 ($36.88/sq ft).
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Lovejoy Wedding and Banquet Take-out & Catering Catering Service
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The Lovejoy Hotel & Motel Resort
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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