119 3rd Street, Alton

$699,000

0 Square Feet

Tax History: $16,513.00 in 2024

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.

This property is located on 0.0559 Acre(s).

Approximate lot size is 0 Acre(s)

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MLS#: 26036927
Listing ID: 84280
Updated: 06/16/2026
Posted: 06/15/2026

Listing provided by

Rick Lauschke
Coldwell Banker Brown Realtors

* The Estimated Payment is offered as a tool for your convenience and is not an offer of credit. Actual mortgage rates and fees vary depending on your lender. Please check with your local lender for accurate mortgage rate information.

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