1348 Madison Avenue, Madison, IL 62060

Property Description

Here is your opportunity to add a solid cash flow surplus to your portfolio. This mixed use property offers a variety of income producing methods. Both of the residential upstairs apartments are currently rented, and the turn key bar & grill is ready to open right away, with a new owner or tenant of your choice. The main floor fully operational bar and grill was previously rented for $1,500/mo. Items included in the sale and will be transferred to the new owner, are all of the kitchen equipment consisting of the commercial stove top, fryers, prep coolers, range hood, perfectly functioning large walk in refrigeration system, and beer coolers. The upstairs residential apartment units consist of a 2 Bedroom 1 Bath, paying $900/mo. And a spacious 1 bedroom 1 bath unit and comes fully furnished provided by the seller, the tenants are paying $850/mo. The roof was completely replaced with architectural shingles in 2023. The commercial tenant once paid ALL utilities as apart of their lease terms, considering there is one electric, gas, & water meter. Lastly, there is an extra parcel included in the sale 21-2-19-401-037, it is a gravel lot for extra parking, or further development opportunity, located directly across the street on the opposite corner lot. That parcel has a separate address of 1400 Madison Ave. Feel free to contact the listing agent for further details.

Listing Status:

Active

Date Added:

October 31, 2025

Data Last Updated:

March 27, 2026 at 9:16PM

Listing Office:

Landmark Realty : 618-466-1513

MLS ID:

25073689

Interior

• Basement: PartialWalk-Out Access
• A/C: Central Air
• Heating: Forced AirHot Water

Exterior

• Style: Other
• Parking: Gravel

Construction

• General: BrickOther

Location

• Originating MLS: maris2
• School District: Granite City DIST 9
• County: Madison

Lot

• Zoning: 21-2-19-24-19-402-008

Utilities

• Utilities: Ameren

Financial

• Source: maris2