Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    223 N Broadway St, Unit 215 Centralia, IL 62801

    Sponsored
    For Sale
    $365,400

    MULTI_FAMILY - Centralia, IL

    Lot size:
    0.43 Acres
    Days on Market:
    36
    Last Refresh:
    Jan 6 at 9:06 pm

    Property Features for 223 N Broadway St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Zoning
    Commercial
    APN
    1420000152
    Parking
    12
    Parking features
    Open, Guest, Alley
    Interior features
    High Speed Internet
    Lot size
    0.43 Acres

    Utilities

    Heating system
    Natural Gas, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1967
    Number of units
    6
    Building materials
    Brick, Cedar, Stone, Wood Siding
    Roof type
    Metal

    Coldwell Banker Allen & Geary Real Estate (618) 532-7300 [email protected]

    Listing agent Alan B Owen

    Listing date Dec 2, 2025

    Copyright © 2025 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.

    Overview

    Partially Renovated Apartment Complex

    This partially renovated apartment complex presents an investment opportunity. Recent exterior renovations have been completed, and one of the six units is finished, leased, and occupied. Unit 1 is designed to include a kitchen, family room, utility room, and one bedroom on the main level, with two bedrooms and a shared full bath on the upper level. Unit 2, currently completed and occupied, features the same design as Unit 1. Unit 3's upper level is designed to have the same main level floor plan, with one bedroom and a full bath on the upper level. Units 4 and 5 are main level only units, designed with a kitchen, living room, utility room, two bedrooms, and two full baths. Unit 6 is designed with three bedrooms, two full baths, a kitchen, living room, and utility room. The property includes a 50'x42' garage and shop building, as well as a 21'x21' covered shelter suitable for outside gatherings. An abundance of rough and finish building materials, fixtures, and appliances intended for the build-out of the remaining five units are also included. The property is located in Centralia, IL, on a lot of approximately 0.43 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Centralia
    County
    Marion
    State
    Illinois
    Longitude
    -89.1291181
    Latitude
    38.54987544

    Nearby Similar for Sale

    • $99,900
      1.10 Acres

      Centralia Church and Home

      Church with home on 1.1 acres in Centralia, Illinois.
      1502 S Pine St, Centralia, IL 62801
      View Details
    • Contact for pricing
      Pending

      Centralia Duplex: Rehab Opportunity

      Two single-family homes on one parcel, ideal for investment.
      226 N Lincoln Blvd, Centralia, IL 62801
      View Details
    • $300,000

      Versatile Commercial Property in Centralia

      Highly visible commercial property with flexible space and recent updates.
      705 S Poplar St, Centralia, IL 62801
      View Details
    • $249,000

      Centralia, IL Commercial Opportunity

      Versatile 5200+ sq ft property suitable for various business ventures.
      104 N Pine St, Centralia, IL 62801
      View Details
    • $30,000
      2,600 SF

      Centralia Triplex: Investment Opportunity

      Three-unit building in Centralia, Illinois, ideal for investment.
      236 South Cherry St, Centralia, IL 62801
      View Details
    • $65,000
      0.13 Acres

      Furnished Duplex in Centralia, IL

      Furnished duplex with rental income potential or single-family conversion.
      404 N Beech St, Centralia, IL 62801
      View Details
    • $45,000
      0.04 Acres

      Centralia Commercial Property on Broadway

      Commercial property in Centralia's downtown district with strong potential.
      320 W Broadway Ave, Centralia, IL 62801
      View Details
    • $119,900

      Centralia IL Brick Duplex

      All brick duplex in Centralia, Illinois, great investment property.
      406 Cedar St, Centralia, IL 62801
      View Details
    • $119,900

      Centralia Commercial Office Building For Sale

      Commercial office building near hospital, suitable for medical or other businesses.
      205 N Davis Ave, Centralia, IL 62801
      View Details
    • $150,000
      0.46 Acres

      Centralia Commercial Property For Sale

      Commercial property with great visibility and drive-thru potential.
      1235 W Broadway St, Centralia, IL 62801
      View Details
    • $320,000

      Centralia Self-Storage Portfolio For Sale

      Two Centralia self-storage properties with 89 units total.
      714 W Broadway, Centralia, IL 62801
      View Details
    • $1,300,000
      64,561 SF

      64,561 SF Office/Warehouse on 9.91 Acres

      64,561 SF office/warehouse on 9.91 acres near Norfolk Southern Rail.
      823 Aaron Pkwy, Centralia, IL 62801
      View Details

    FAQs

    What type of property is this?
    Apartment building - Investment opportunity: partially renovated apartment complex with building materials included.
    Where is this apartment building located?
    The property is located at 223 N Broadway St, Unit 215 Centralia, IL.
    What is the asking price?
    The asking price for this property is $365,400.
    What are key features of this property?
    This property features: - Investment opportunity: Partially renovated apartment complex with one unit already leased and occupied.; - Includes an abundance of rough and finish building materials, fixtures, and appliances for completing the remaining 5 units.; - Features a **50'x42' garage and shop building.**
    (618) 322-1160
    Request Owner's contact information
    223 N Broadway St, Unit 215 Centralia, IL 62801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    223 N Broadway St, Unit 215
    Centralia, IL 62801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    223 N Broadway St, Unit 215 Centralia, IL 62801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.