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1856 E Broadway 7,126 SF 100% Leased Retail Building Alton, IL 62002 $550,000 ($77.18/SF)
Investment Highlights
- - Turn Key Restaurant
- - Warehouse -currently Month to Month
- - 2 Vacant Storefronts
- - Average VPD is 8,900
Executive Summary
This property includes the commercial retail space, warehouse and two car garage. The one storefront is a well established restaurant and shares a common storage area. There is a long time tenant renting the warehouse on a month-to-month basis. The commercial buildings and land are included in the sale. Furniture and fixtures are negotiable. Potential rental income from the storefronts could be $7,500 per month or more. Average VPD is 8,900. Located in a HUBZone.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
7,126 SF
Year Built
1947
Price
$550,000
Price Per SF
$77.18
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.00 AC
Zoning
C2 - the highest intensity business or commercial zoning district
Parking
5 Spaces (0.7 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Restaurant
- Security System
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 23-1-08-18-09-201-001 | Improvements Assessment | $66,820 |
| Land Assessment | $11,670 | Total Assessment | $78,490 |
Property Taxes
Parcel Number
23-1-08-18-09-201-001
Land Assessment
$11,670
Improvements Assessment
$66,820
Total Assessment
$78,490
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1856 E Broadway
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