1856 E Broadway Alton, IL 62002
For Sale
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Property summary
This exceptional Alton, IL commercial property presents a unique investment opportunity. Located at 1856 E Broadway, the property encompasses a well-established restaurant storefront sharing a common storage area with a separate warehouse currently leased month-to-month to a long-term tenant. The sale includes all commercial buildings and the one-acre lot. Furniture and fixtures are excluded from the sale. The property offers significant potential for rental income, with estimates exceeding $7,500 per month from the storefronts alone. The existing tenant provides immediate cash flow. The property's versatility allows for various business ventures or expansion opportunities. Note that this listing is for the commercial buildings and land only. A separate, attractive 2,400 square foot home with three bedrooms and three bathrooms, a fenced backyard, and an above-ground swimming pool, located behind the commercial buildings (MLS #24064401), is available for purchase at an additional cost of $225,000. This home can be purchased with or prior to the commercial property. This is a rare chance to acquire a substantial commercial property with strong rental income potential and the option to expand your investment with a desirable residential property. The asking price for the commercial property is $659,900.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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