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Multi-Office Commercial Building
For Sale
$115,000

130 5TH Street, Lacon, IL 61540

Commercial Sale, Lacon, IL

Property SizeContact for details
Days on Market260

Property Features for 130 5TH Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning B1
Parking 10
Directions RT 17 LOCATED JUST OFF THE LACON BRIDGE INTO TOWN. BUSINESS DISTRICT
Standard status Active
APN 04-26-482-003

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 2 BLK 5 ORG TWN
Tax Annual Amount 1494
Legal Description LOT 2 BLK 5 ORG TWN

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Cooling system Central Air

Building Details

Year built 1900
Floors in Building 1
Flooring type Concrete, Carpet
Building materials Brick, Vinyl Siding, Frame
Roof type Asphalt
Listing Agency: Jim Maloof Realty, Inc.
Listed By: Scarlett Palm · License #471010509
Added: Jan 7 Changed: Sep 13 Last Checked: Sep 24 at 8:06PM
MLS# PA1263139

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This commercial office property at 130 5TH Street in Lacon includes multiple office areas within a building constructed in 1900. The structure combines brick, vinyl siding, and frame construction, with concrete and carpet flooring throughout. Building systems include forced-air heating fueled by natural gas and central air conditioning, while the property is served by public sewer and has an asphalt roof.

The building occupies a downtown position near the bridge approach, with frontage along the city’s main thoroughfare and visibility to local traffic and regional commuters. Parking is available on site, adding practical convenience for office users and visitors. B1 zoning supports the property’s commercial office classification.

Key Highlights

  • Multiple office areas in a commercial building
  • B1 zoning supports office use
  • Constructed in 1900 with brick, vinyl siding, and frame materials

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Pharmacy Auto Parts Store Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

190
Businesses Nearby

Demographics for 61540, IL

2,741
Population
1,298
Households
2.1
Avg Household Size
46
Median Age
19%
College-Educated
94%
High-School Grad
52.7 sq mi
ZIP Area
52
Density / Sq Mi
$74,519
Median Household Income
$40,735
Median Earnings
$803
Median Rent
$154,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Flexible office configuration with central air, public sewer, and parking availability.
Where is this office building located?
The property is located at 130 5TH Street Lacon, IL.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Multiple office areas in a commercial building; B1 zoning supports office use; Constructed in 1900 with brick, vinyl siding, and frame materials
More about this property
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