108-110 E Main Street, Mascoutah, IL 62258
not in a subdivision or complex · St. Clair County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Apartment Style
Year Built
1950
Living Area
3,838 sq ft
Lot Size
0.07 acres
Days on Market
314
MLS® Listing#
25059710
Property Features
Interior
Cooling
Heating
Flooring
Basement
Parking
Construction
Foundation
Roof
Windows
Security
Utilities
Water Source
Schools
- Elementary:
- MASCOUTAH DIST 19
- Middle:
- MASCOUTAH DIST 19
- High:
- Mascoutah
Financial Details
HOA
None
Annual Taxes
$8,069
Tax year 2024
Parcel Number
10-32.0-145-004
Affordability Calculator
$80,000
Estimated monthly payment
$2,129/mo
Principal $320,000 · Est. interest $446,428 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Mascoutah, IL
- $325,000
- Median Listing Price
- 32
- Median Days on Market
- 1,800
- Median Sq Ft
- $156
- Median Price / Sq Ft
- 18
- Active Listings
- This home’s price is 23% above the area median.
- Its price per sq ft is 33% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Mascoutah, IL.
Location
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Points of Interest in Mascoutah, IL
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1400 TIMBERBROOK Drive, Mascoutah, IL | $315,000 | 4 | 3 | 2,794 |
| 10 Michelle Drive, Mascoutah, IL | $315,000 | 3 | 2 | 1,763 |
| 1134 Quail Point, Mascoutah, IL | $389,999 | 3 | 3 | 2,505 |
| 108-110 E Main Street, Mascoutah, IL | $400,000 | — | — | — |
| 1232 Winding Oaks Lane, Mascoutah, IL | $480,000 | 4 | 4 | 2,983 |
| 614 Mortar Street, Mascoutah, IL | $485,000 | 3 | 2 | 1,751 |
Moving Cost Estimate
EXIT Agents in Mascoutah
Listing Courtesy: Strano & Associates - 6182777653
Presented by: Michaela Patterson