1850 BroadwayAlton, IL 62002

Property Details for 1850 Broadway

Year built

1950

Lot size

0.17 AC

Property size (Sq ft)

8,166 SF

Property type

Other commercial real estate

APN

23-2-07-13-12-201-034

APU

232071312201034

Description

This exceptional two-story commercial building at 1850 E Broadway in Alton, IL, presents a unique investment opportunity. Situated on a 0.17-acre lot, this property offers approximately 205,000 square feet of flexible space, ideal for a variety of uses. The main floor's front portion is perfect for retail or office space, while the rear offers potential for storage, warehouse use, or additional office space. A convenient roll-up door with an exterior ramp provides easy access to the rear area. The second floor provides ample space that could be developed into an apartment, adding to the rental income potential, or used as additional office space. The building features a handicap-accessible ramp at the front entrance, enhancing accessibility for all. This property benefits from a high average daily traffic count of 10,700 vehicles per day, ensuring high visibility and potential customer traffic. Its location within a HUB Zone offers additional advantages for eligible businesses. Whether you envision a mixed-use property with commercial rental units and an apartment, or a retail operation with owner-occupied living quarters, this building offers significant adaptability and strong potential for return on investment. The combination of versatile space, high traffic location, and HUB Zone designation makes this a truly compelling opportunity. The property is priced at $205,000.

• Alternative Use

  Use

  Valuation

  Residential

  $2,500,691

  Hospitality

  $2,290,620

  Educational

  $1,905,769

  Medical

  $1,971,311

  Retail

  $2,964,529

Location Insight

City

Alton

County

Madison

State

Illinois

Latitude

38.8883

Longitude

-90.1569

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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