# 119 W 3rd Street, Alton, IL 62002

> **TL;DR:** commercial, $699,000, built 1891.
> A/C. Est. $3,739/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $699,000 |
| Year Built | 1891 |
| Lot Size | 2,435 sqft (0.06 acres) |
| Stories | 3 |
| Property Type | Commercial (Retail) |
| Status | Active |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $3,535 |
| Estimated Insurance | $204 |
| **Total** | **$3,739** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1891
- 0.06 acre lot
- 3 stories

## Description

### Agent Description
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.

## Location

- **Address:** 119 W 3rd Street, Alton, IL 62002
- **County:** Madison
- **Neighborhood:** Godfrey & Gilmans Add
- **Coordinates:** 38.890954, -90.187477
- **Google Maps:** https://www.google.com/maps?q=38.890954,-90.187477

## Listing Agent

- **Name:** Rick Lauschke
- **Brokerage:** Coldwell Banker Brown Realtors
- **Broker Phone:** (618) 692-7290

## Photos

![119 W 3rd Street - Photo 1](http://lh.rdcpix.com/f63ef68e0469f2293e3e6c82957497f2l-f1282233754r.jpg)

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---

**MLS#:** 26036927 | **Updated:** 2026-10-26
**Source:** listhub

*Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/119-w-3rd-street-alton-il-62002-5972cd3a29a74cf0b408478bd8397965)

---

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  "url": "https://www.propertysimple.ai/listing/119-w-3rd-street-alton-il-62002-5972cd3a29a74cf0b408478bd8397965",
  "name": "119 W 3rd Street, Alton, IL 62002",
  "description": "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.",
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