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215 W 3rd Street, Alton, IL, 62002

Mixed-use commercial building located in the heart of downtown Alton. Comprised of three storefront spaces, including a former bar/restaurant and two additional retail storefronts. The second floor features three apartment units—one recently occupied and now vacant, plus two units ready to be completed. The City of Alton offers TIF incentives for qualifying residential improvements, creating additional redevelopment potential. Conveniently located near downtown shops, restaurants, entertainment, and the Mississippi River. Property is being sold as-is and offers a great opportunity for investors, business owners, or developers looking to add value.

Subdivision: Godfrey & Gilmans Add

List Price

$ 300,000

Status

Active

Days on market

0

MLS#

26043229

Bedrooms

0

Full baths

0

Subdivision

Godfrey & Gilmans Add

County

Madison-IL

Property Type

Commercial Sale

Type

Commercial Sale

Additional Information

Property Tax (2024)

$6,765

Recent Nearby Sales in 62002

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

Price & Listing History

Listed for sale
Jul 7, 2026 at $365,000
Price reduced by $65,000 (17.8%)
From $365,000 to $300,000
Current status: Active
As of Aug 25, 2026 · $300,000

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