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    106 N Main St Glenwood, IL 60425

    For Sale
    $3,500,000

    Business Opportunity - Glenwood, IL

    Property size:
    18,050 SF
    Days on Market:
    95
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 106 N Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    32044000130000
    Size
    18,050 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    RE/MAX Legends (708) 655-5000 [email protected]

    Listing agent Tayser Mohammed (630) 216-8000 License #475212298

    Listing date Sep 10, 2025

    MLS# 12468733 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Glenwood Mixed-Use Property For Sale

    Located in Glenwood, Illinois, this mixed-use property features a 3-bedroom apartment above a banquet hall. The property is zoned for commercial use and offers a business opportunity with the real estate for sale. The business is already under a 20-year triple net lease, generating a rental income of $22,000 per month, which amounts to $264,000 annually. The property size is 18,050 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM (ATM Link, ... Atm Dos Caminos Food And Drink Glenwood Woods-North Parking ... Parking Lot Glenwood Oaks & Dos ... Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glenwood
    County
    Cook
    State
    Illinois
    Longitude
    -87.6200775
    Latitude
    41.5479442

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      Retail Property on Main Street

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with apartment and banquet hall, long-term lease.
    Where is this mixed-use property located?
    The property is located at 106 N Main St Glenwood, IL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - 20-Year Triple Net Lease in Place, offering a secure, long-term investment.; - Enjoy a solid $22,000/month ($264,000/year) Rental Income.; - Mixed-Use Zoning broadens the possibilities for future development or adaptation.
    (630) 216-8000
    Request Owner's contact information
    106 N Main St Glenwood, IL 60425
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    Glenwood, IL 60425
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    106 N Main St Glenwood, IL 60425
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