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$ 400,000
Est. payment /mo
Active
108-110 E Main ST Mascoutah, IL 62258
2,613 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Not In A Subdivison
MLS Listing ID 25059697
Year Built 1900
Annual Tax Amount $8,069
Lot Size 2,613 Sqft
Acres 0.06
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.
Location
State IL
County St. Clair
Interior
Heating Forced Air, Natural Gas, Radiant
Cooling Central Air, Wall/Window Unit(s)
Fireplace N
Exterior
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
View Y/N No
Building
Water Public
Structure Type Brick,Plaster
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Listing As Is, Standard
Listed by Michaela Patterson • Strano & Associates
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