Building Details

Year built 1891

Floors in Building 2

Number of units 3

Flooring type Vinyl

Building materials Brick, Block

Listing Agency: Coldwell Banker Real Estate Group l***@cbhonig-bell.com Show Phone

Listed By: Charles Kirkwood · License #475142955 Show Phone

Added: Aug 21 Last Checked: Aug 22 at 6:06PM

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MLS# 12739298

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Investment Insights

Based on property information with market context.

Built in 1891, this brick and block mixed-use property combines a first-floor retail suite with two residential units. The approximately 900-square-foot storefront includes a showroom with display windows, rear workspace, kitchenette, and full bathroom with shower. A full basement adds storage area. The first-floor apartment offers one bedroom and one bathroom, along with an independent kitchen, family room, in-unit laundry, and access to a fenced backyard. Upstairs, the two-bedroom, one-bath apartment includes vaulted ceilings in the primary bedroom and family room.

Located in downtown Leland at 154-156 E Railroad Street, the property sits on a 0.0883-acre lot and is zoned COMMR. Improvements include new windows, added insulation, and a roof installed 2 years ago. Both apartments have updated flooring, drywall, doors, bathroom fixtures, vanities, kitchen cabinetry, and appliances. Electricity is separately metered for each unit, while the property has one water meter and one gas meter. The retail suite and second-floor apartment are occupied by one tenant; the owner-occupied apartment will be vacated at closing. The property is offered as-is.

Key Highlights

• Mixed‑use building constructed in 1891 on a 0.0883‑acre lot
• Approximately 900 SF first‑floor retail suite with display windows, kitchenette, and full bathroom
• One‑bedroom, one‑bath first‑floor apartment with in‑unit laundry and fenced backyard access

Property Analytics

Property Profile

Current Use

Storefront properties

Lease Details

2

Residential units

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Explore this area Business Placement

Demographics for 60531, IL

1,879

Population

847

Households

2.2

Avg Household Size

41

Median Age

26%

College-Educated

97%

High-School Grad

61.4 sq mi

ZIP Area

31

Density / Sq Mi

$77,672

Median Household Income

$34,556

Median Earnings

$1,532

Median Rent

$225,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Brick commercial building combining storefront space with two updated apartments and separately metered electric service.

Where is this mixed-use property located?

The property is located at 154-156 E Railroad Street Leland, IL.

What is the asking price?

The asking price for this property is $259,900.

What are key features of this property?

This property features: Mixed‑use building constructed in 1891 on a 0.0883‑acre lot; Approximately 900 SF first‑floor retail suite with display windows, kitchenette, and full bathroom; One‑bedroom, one‑bath first‑floor apartment with in‑unit laundry and fenced backyard access