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Mixed-Use Land for Sale in Mascoutah, Illinois

108-110 E Main St, Mascoutah, IL 62258

$400,000
0.06 acres
Active sale
$10k drop
Est $3,369/mo

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

Street address
108-110 E Main St
Zip code
62258
Elevation
427 feet
Coordinates
38.4901, -89.7957

Property details

Lot size
0.06 acres2,614 sq ft
MLS #
MARIS 25059697
Posted

Property taxes

2024
$8,069

Parcels

  • 10-32.0-145-005

Details and features

Listing

Type
Residential

Structure

Water
Public
Heating
Forced Air, Natural Gas, Radiant
Cooling
Central Air, Wall/Window Unit(s), Window Unit(s)
Materials
Brick, Plaster

Property utilities

CategoryTypeStatus
GasNatural GasAvailable

Listing history

DateEventPriceChangeSource
May 15, 2026Price drop$400,000$10,000 -2.4%MARIS
Apr 22, 2026Price drop$410,000$15,000 -3.5%MARIS
Dec 29, 2025Price drop$425,000$25,000 -5.6%MARIS
Sept 5, 2025New listing$450,000MARIS
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This 0.06-acre property is located at 108-110 E Main St in Mascoutah, IL 62258. The land is available for sale, priced at $400,000.

Listed by Strano & Associates, (618) 779-6021

Checked 2 hours agoUpdated

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