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2248 E Broadway, Alton, IL, 62002

Prime Commercial Building with Income-Producing Apartment – Endless Possibilities! This exceptional, all-brick commercial building offers outstanding visibility in a high-traffic retail corridor, perfect for serious investors or business owners seeking versatility and built-in value. Featuring a durable tin roof and two full stories, the upper level boasts a spacious 2-bedroom apartment already occupied with reliable tenants, meaning no need to find renters. Lease agreement can be negotiated with an accepted offer. The lower level provides 2,251 sq ft of adaptable commercial space with two separate entrances, allowing you to operate one large business or easily divide it into two. Ideal for endless uses such as lash & brow studios, tattoo artists, solo estheticians, personal trainers, counselors/therapists, boutique retail, and more. Recent updates include Google Nest fire/carbon detectors, all new exterior LED lighting, electrical improvements, and various modern upgrades throughout. Property also includes a 2-bay detached garage and two parcels, offering extra room and value. This is a rare opportunity with excellent exposure, strong curb appeal, and built-in rental income. The potential here is tremendous—perfect for the right investor or entrepreneur ready to take advantage of a thriving location!

Subdivision: Alton

List Price

$ 220,000

Status

Active

Days on market

0

MLS#

25078882

Bedrooms

0

Full baths

0

Subdivision

Alton

Municipality

Alton

County

Madison-IL

Property Type

Commercial Sale

Type

Commercial Sale

Additional Information

Property Tax (2024)

$3,231

Recent Nearby Sales in 62002

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
3328 Oakland Avenue, Alton, IL 62002 2/1 884 $21,500 $16,500
76.7% of ask
Sep 24, 2026
1809 Clawson Street, Alton, IL 62002 4/2 1,801 $195,000 $201,500
103.3% of ask
Sep 24, 2026
3201 Edgewood Avenue, Alton, IL 62002 2/1 1,012 $125,000 $122,000
97.6% of ask
Sep 24, 2026
437 E 4th Street, Alton, IL 62002 3/2 1,841 $200,000 $200,000
100% of ask
Sep 23, 2026
1118 Mcpherson Avenue, Godfrey, IL 62002 2/1 1,027 $1,200 $1,200
100% of ask
Sep 22, 2026
2425 La Salle Drive, Alton, IL 62002 3/1 1,113 $149,900 $149,000
99.4% of ask
Sep 22, 2026

Price & Listing History

Listed for sale
Nov 28, 2025 at $225,000
Price reduced by $5,000 (2.2%)
From $225,000 to $220,000
Current status: Active
As of Sep 26, 2026 · $220,000

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