Alton, IL Retail Property For Sale

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Retail for Sale

Alton, IL 62002

Investment Opportunity

NNN Investment Property with IHOP Franchisee in place – 11 years remain on 20 year lease. Full NNN Lease – 5.5% CAP RATE.

4,900 SF on 1.68 Acres. New Roof in 2021.

Located in the main retail corridor of Alton on IL Route 111 (Homer Adams Pkwy).

Retail for Sale

Alton, IL 62002

This property is zoned C-2, has an open floor plan and is being used as a training facility. The building is approximately 4700 s.f. There is a lower level with a drive in door. There is also a mezzanine area that is about 31 feet by 16 feet. The building frontage on Elm St. is about 157 feet. Potential uses include retail, personal/professional service, food/restaurant and more.

Retail for Sale

Alton, IL 62002

All brick building on a corner lot with off street parking. This would make a perfect small convenience store for the neighborhood. It has the potential for an office or whatever you could imagine.

Retail for Sale

Alton, IL 62002

This property includes the front commercial buildings and home located behind, land and restaurant businesses. The two restaurants are well established in the area and share a common storage area. There is a tenant on month to month rent using the warehouse space behind the restaurants. The restaurants will be sold as turnkey. The tenant space is approximately 3,770 s.f. The home has 2/3 bedrooms, above ground pool on fenced lot with a lower level walk out.

The home is included as a package sale for the home and commercial buildings in front of the home on Broadway. The price includes the home, commercial buildings, land and restaurant businesses. The sets atop a private setting. The main level has 2 bedrooms, full bath, eat-in Kitchen, den, sunroom and living room/dining room. The lower level walkout has plenty of room for entertaining friends and family. The two restaurants are well established in the area. There is a tenant on month to month rent using the warehouse space behind the restaurants. The restaurants will be sold as turnkey. The tenant space is approximately 3,770 s.f. The home has 2/3 bedrooms, above ground pool on fenced lot with a lower level walk out.

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