Mixed-Use Building with Bar and
For Sale
$199,000
Pending
1348 Madison Avenue, Madison, IL 62060
Residential Income, Madison, IL
Property Size4,608 SF
Lot Size0.29 Acres
Days on Market60
Property Features for 1348 Madison Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement
Basement
Walk-Out Access, Partial
Subdivision
Southern Ext
Elementary school
GRANITE CITY DIST 9
Middle school
GRANITE CITY DIST 9
High school
Granite City
Elementary school district
Granite City DIST 9
Middle school district
Granite City DIST 9
High school district
Granite City DIST 9
Standard status
Pending
APN
21-2-19-24-19-402-008
Size
4,608 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1745
Utilities
Heating system
Forced Air, Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1940
Number of units
3
Building materials
Brick
Listing Agency:
Landmark Realty
(618) 466-1513
Listed By:
Devin Outman · License #475183933
(618) 631-4841
Added: Jul 11
Changed: Sep 4
Last Checked: Sep 8 at 4:06AM
MLS# 25073689
Copyright © 2026 Mid America Regional Information Systems, Inc. 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 4,608-square-foot mixed-use property occupies a brick building constructed in 1940, with a commercial bar-and-grill area on the main floor and two residential apartments above. The apartments include a two-bedroom, one-bath unit and a furnished one-bedroom, one-bath unit. The commercial space includes kitchen equipment such as a commercial stovetop, fryers, prep coolers, range hood, walk-in refrigeration, and beer coolers. Central air and forced-air and hot-water heating serve the building.
A replacement roof with architectural shingles was completed in 2023. The property includes an additional gravel parcel across the street at 1400 Madison Avenue, providing extra parking area and a separate site for potential future development. The additional parcel is identified as 21-2-19-401-037.
A replacement roof with architectural shingles was completed in 2023. The property includes an additional gravel parcel across the street at 1400 Madison Avenue, providing extra parking area and a separate site for potential future development. The additional parcel is identified as 21-2-19-401-037.
Key Highlights
- 4,608‑square‑foot mixed‑use building on a 0.2927‑acre parcel
- Two residential units: 2‑bedroom/1‑bath and furnished 1‑bedroom/1‑bath
- Main‑floor bar‑and‑grill space with commercial kitchen equipment
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Explore this area
Business Placement
Demographics for 62060, IL
3,865
Population
2,018
Households
1.9
Avg Household Size
40
Median Age
7%
College-Educated
82%
High-School Grad
3.5 sq mi
ZIP Area
1,104
Density / Sq Mi
$40,139
Median Household Income
$35,762
Median Earnings
$1,019
Median Rent
$53,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick property combines two occupied apartments with a restaurant-ready commercial space and separate gravel parking parcel.
Where is this mixed-use property located?
The property is located at 1348 Madison Avenue Madison, IL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 4,608‑square‑foot mixed‑use building on a 0.2927‑acre parcel; Two residential units: 2‑bedroom/1‑bath and furnished 1‑bedroom/1‑bath; Main‑floor bar‑and‑grill space with commercial kitchen equipment
