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108-110 E Main Street, Mascoutah, IL 62258

$400,000
  • 108-110 E Main Street, Mascoutah, IL 62258 Main Photo

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Active
BEDS0 BATHS MLS#25059710
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONnot in a subdivision or complex SCHOOLMascoutah DIST 19

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.

108-110 E Main Street | MLS# 25059710

This multi-family property located at 108-110 E Main Street, Mascoutah, IL 62258 is currently listed for sale with an asking price of $400,000. 108-110 E Main Street is located within the Mascoutah DIST 19 school district. Search Mascoutah real estate on cgasparini.gogambino.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Cellar, Storage Space, Sump Pump
Cooling: Central Air, Wall/Window Unit(s)
Heating: Forced Air, Natural Gas, Radiant
Home Style: Apartment Style
Lot Size: 0.07 Acres
Roof Type: Asphalt
Taxes: $8,069
Year Built: 1950

Amenities

High Ceilings
Storage

Feature Descriptions

Days on Site: 316
Exterior: Brick, Plaster
Parcel#: 10-32.0-145-004
Parking: Asphalt
Parking Notes: Asphalt
SQFT. Above Grade: 3838
Units: 4
Water: Public
Window: Double Pane Windows

Local Schools

High School: Mascoutah
Middle School: MASCOUTAH DIST 19
Elementary School: MASCOUTAH DIST 19
School District: Mascoutah DIST 19

Listed By / Shown By

Listed By

Agency Name: Strano & Associates

Shown By

Agent Name: Cathy Gasparini
Agent Phone: Cell: (815) 961-8902
Agency Title: Gambino Realtors

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Estimated Payment

$ 2,606.01 per month $1,816.92 Principal & Interest $672.42 Property Tax $116.67 Homeowner's Insurance

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