For Sale
$849,000

401 Piasa St Alton, IL 62002

Turnkey Bar, Restaurant, Event Venue

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional Alton, IL property offers a turnkey opportunity to acquire a thriving restaurant and event center. The complex encompasses three buildings totaling 23,018 square feet on a 1.47-acre lot (APN 23-2-07-14-07-201-001), zoned B-2. The main building features a fully equipped 8,000+ square foot restaurant and event venue with a substantial kitchen (22' hood system, 2 walk-ins), showcasing a unique design reflecting Alton's history. A large covered patio (seating for 60+) is complemented by a 1,200 square foot enclosed lodge bar with a fireplace. The outdoor area also includes an elevated stage and a 30x40 foot lawn. A historic 13,000 square foot building (Old Beale Warehouse) is also part of the property. Ample on-site parking (80+ spaces) is available. This prime location in Alton's entertainment district, within walking distance of the riverfront and near major redevelopment projects, presents a rare investment opportunity. The asking price is $849,000 ($36.88/sq ft).

Highlights

  • $849,000 asking price for this turnkey restaurant and event center.
  • 80+ parking spaces.
  • 12,000 square foot lodge with a six-seat patio.
  • Outdoor patio.
  • Convenient riverfront location in Alton, IL.

Property Details for 401 Piasa St

Property type
Retail properties, Restaurants
Square Feet
23,018 SF
Class
C
Buildings
3
Stories
1
Lot Size (sq. ft)
64,033 SF

Location Insight

City
Alton
County
Madison
State
Illinois
Latitude
38.8921416
Longitude
-90.1860493

FAQs

What type of property is this?
Retail property - Turnkey Bar, Restaurant, Event Venue
Where is the retail property located?
The property is located at 401 Piasa St Alton, IL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: $849,000 asking price for this turnkey restaurant and event center.; 80+ parking spaces.; 12,000 square foot lodge with a six-seat patio.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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401 Piasa St
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