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Elizabeth Gregory

elizabeth@gregorylandgroup.com +1(660) 285-5423

$ 400,000

Est. payment | -/mo

2,613 Sqft Lot

Save

$ 400,000

Est. payment | -/mo

Save

2,613 Sqft Lot

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

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(660) 285-5423

elizabeth@gregorylandgroup.com

115 W Washington Street Kirksville, MO, 63501

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108-110 E Main ST Mascoutah, IL 62258