108-110 E Main St, Mascoutah, IL 62258
- $400,000
- List Price
- $400,000
- Price Change
- ▼ $10,000 1778798782
- Days on Market
- 325
- MLS#
- 25059710
- Status
- ACTIVE
- Lot Size
- 3,049
- Acres
- 0.07
- Year Built
- 1950
- Subdivision
- not in a subdivision or complex
- County
- St. Clair
- Listing Type
- Multifamily
Property Description
Prime mixed-use investment opportunity in the heart of downtown Mascoutah! Located at 108-110 E Main St, this 4-unit property offers immediate income, flexible use, and value-add potential just minutes from Scott Air Force Base. The building includes two leased commercial spaces, one leased residential apartment, and one vacant upstairs residential unit ready for renovation. Current income includes $800/month from a long-term commercial tenant with lease in place through June 2029, $1,300/month from the main-level commercial space leased through October 1, 2028, and $750/month from a month-to-month one-bedroom residential tenant. The vacant two-bedroom apartment offers an opportunity to renovate, increase rental income, or create additional usable space. The updated storefront adds curb appeal and visibility in a downtown setting, making this a strong fit for investors, business owners seeking income-producing space, or buyers looking for a mixed-use property with multiple revenue streams. With established tenants, downtown exposure, proximity to SAFB, and room to add value, this property is positioned for both immediate cash flow and long-term upside.
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Additional Information
- School District
- Mascoutah DIST 19
- Elementary School
- MASCOUTAH DIST 19
- Jr. High School
- MASCOUTAH DIST 19
- Sr. High School
- Mascoutah
- Parking Description
- Asphalt
- Cooling
- Central Air, Window/Wall
- Heating
- Forced Air, Natural Gas, Radiant
- Water
- Public
- Selling Terms
- 1031 Exchange, Cash, Conventional
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Listing courtesy of Strano & Associates.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
