401 Piasa St

Investment Highlights

TurnKey Restaurant /Event Center 80+ Parking Spaces Main Building is 8,000 s.f. Lodge - 1,200 s.f. service 60+ seating on covered pation

Executive Summary

This is a great opportunity to get a turnkey restaurant, bar, and event space in Downtown Alton's established entertainment district. Situated on a main road with high traffic count and visibility and private parking just a short distance from the Alton Riverfront Park Development. Main building is, currently, a fully furnished and equipped 8000+ sf event venue and restaurant with a 22' kitchen hood system and 2 walk-ins. Outstanding decor references the rich history of Alton and the Mississippi River. Huge covered patio can easily seat 60 people and is serviced by the outdoor 1200sf enclosed Lodge bar, with knotty pine panel, rustic design, and working stone surround gas fireplace. Outdoor area, also, has an elevated stage and 30x40' lawn area. A gravel winding path through mature landscaping leads from the patio to the Old Beale Warehouse, 13000sf historic Alton structure. This location is close to 3 major projects being rehabbed by Alton Works. On site parking for 80+/- cars.

• Sale Type    Owner User
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    22,000
• Building Class    C
• Year Built    2003
• Price    849,000
• Price Per SF    39
• Building Height    1 Story
• Loading Docks    2 Exterior
• Building FAR    0.34
• Land Acres    1.47 AC