Excellent investment opportunity to own a mixed-use commercial property in the heart of downtown Alton's entertainment district, just blocks from the Mississippi River. This income producing building features a restaurant and bar on the main level, complete with a fenced outdoor patio perfect for dining, entertainment, and special events. The upper levels include four residential apartments(2-two bedroom and 2-one bedroom apartments), providing consistent rental income. An expansive storage area offers great potential for redevelopment into additional apartment units, creating upside for future cash flow. Also located on the main level is a salon space and restaurant/retail area with outside patio, adding additional income streams and enhancing the property's diverse investment income mix. With its combination of commercial, residential, and redevelopment potential, this unique property offers a rare chance to invest in one of Alton's desirable downtown locations.
0 Bed
0 Bath
0 sq.ft
$0 per sq.ft
$ 699,000
Active
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26036927
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Godfrey & Gilmans Add
Alton
Madison-IL
Commercial Sale
Commercial Sale
$16,513
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 5212 Wick Way Drive, Alton, IL 62002 | 3/2 | 1,170 | $205,000 | $205,000 100% of ask |
Sep 4, 2026 |
| 3208 Batson Drive, Alton, IL 62002 | 0/0 | 1,072 | $98,500 | $87,500 88.8% of ask |
Sep 3, 2026 |
| 48 E Woodfield Drive, Alton, IL 62002 | 0/0 | -- | $40,000 | $40,000 100% of ask |
Sep 2, 2026 |
| 3501 Bloomer Drive, Alton, IL 62002 | 4/2 | 932 | $110,000 | $110,000 100% of ask |
Sep 1, 2026 |
| 3219 Duco Street, Alton, IL 62002 | 2/1 | 625 | $59,000 | $55,000 93.2% of ask |
Aug 31, 2026 |
| 1238 Brown Street, Alton, IL 62002 | 0/0 | 2,442 | $165,000 | $155,000 93.9% of ask |
Aug 31, 2026 |
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