401 Piasa St Alton, IL 62002
- Retail properties
- 23,018 SF
- 1.47 lot acres
Current Use by Public Records
- Lovejoy Wedding and Banquet / Caterer / Bar
- The Lovejoy / Event Venue
Property Details for 401 Piasa St
- Lot size
- 1.47 lot acres
- Property size
- 23,018 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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).
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alton
- County
- Madison
- State
- Illinois
- Longitude
- -90.1861
- Latitude
- 38.8921
