108-110 E Main Street, Mascoutah, IL 62258
sale
$390,000
|
Other
Courtesy Of Strano & Associates
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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Property Features
- Age: Over 50 Years Old
- Amenities: Cable Ready
- Cooling System: Window Unit(s)
- Cooling System: Central Air
- Cooling System: Wall/Window Unit(s)
- Exterior Type: Plaster
- Exterior Type: Brick
- Heating System: Radiant
- Heating System: Forced Air
- Heating System: Natural Gas
- MLSID: 25059697
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