For Sale
$659,900

1856 Broadway Alton, IL 62002

Prime Alton location, high income potential

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional Alton, IL property at 1856 E Broadway offers a unique investment opportunity encompassing a substantial 43,560 sq ft lot. The property includes a well-established restaurant occupying a storefront, sharing a common storage area with a separately leased warehouse currently under a month-to-month tenancy. The sale includes all commercial buildings and land. Furniture and fixtures are excluded. Potential rental income from the storefronts is estimated at $7,500 or more monthly. A separate, attractive 2,400 sq ft home with 3 bedrooms, 3 baths, a fenced backyard, and an above-ground pool is available for an additional $225,000. This home can be purchased with or prior to the commercial property. The property is zoned for commercial use and includes a two-car garage. The asking price for the commercial property is $659,900. This presents a compelling opportunity for investors seeking a blend of established income and significant future development potential in a desirable Alton location. The property's address is 1856 E Broadway, Alton, IL 62002.

Highlights

  • Exceptional Alton, IL investment opportunity: 43,560 sq ft lot with established restaurant and separately leased warehouse.
  • Commercial buildings and land included; furniture, fixtures excluded.
  • Estimated monthly rental income: $7,500+.
  • Separate 2,400 sq ft, 3 bed/3 bath home with pool available for $225,000 (can be purchased separately or together).
  • Commercial property asking price: $659,900. Zoned commercial; includes two-car garage.
  • Address: 1856 E Broadway, Alton, IL 62002.

Property Details for 1856 Broadway

Property type
Warehouses, Land

Location Insight

City
Alton
County
Madison
State
Illinois
Latitude
38.8881544
Longitude
-90.156357

FAQs

What type of property is this?
Warehouse - Prime Alton location, high income potential
Where is the warehouse located?
The property is located at 1856 Broadway Alton, IL.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: Exceptional Alton, IL investment opportunity: 43,560 sq ft lot with established restaurant and separately leased warehouse.; Commercial buildings and land included; furniture, fixtures excluded.; Estimated monthly rental income: $7,500+.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1856 Broadway
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message