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Three-Tenant Leased Office Building
For Sale
$295,000

318 N Main Street, Monmouth, IL 61462

COMMERCIAL - Monmouth Illinois 61462, IL

Property SizeContact for details
Lot Size0.26 Acres
Days on Market207

Property Features for 318 N Main Street

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 3
Half bathrooms 3
Rooms Bathroom 2, Bathroom 1, Bathroom 3
Security features Security System
Subdivision Business District
Standard status Active
APN 09-210-168-00
Lot size 0.26 Acres

Taxes and HOA fees

Tax Annual Amount 5713

Utilities

Heating system Natural Gas, Forced Air
Water source Public

Building Details

Year built 1972
Floors in Building 1
Building materials Brick
Roof type Rubber
Listing Agency: Doyle & Associates Realty, LLC
Listed By: John Doyle
Added: Jan 17 Changed: Aug 7 Last Checked: Aug 12 at 2:06AM
MLS# 11633458

Copyright © 2026 My State MLS. 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 brick office property contains three separate offices, and all three spaces are currently leased. The largest office is leased to Secretary of State driver’s license services, with two additional slightly smaller offices also leased.

The building was constructed in 1972. Heating is provided via natural gas forced-air systems, and the roof is rubber. Public water service is available.

Located at 318 N Main Street in Monmouth, Illinois, the property offers a simple, multi-office configuration for tenants seeking dedicated space within a small commercial building.

Key Highlights

  • Three separate offices, all currently leased
  • Largest office leased to Secretary of State driver’s license services
  • Two additional slightly smaller leased offices

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Building Supply Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center

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

3
Office units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

265
Businesses Nearby

Demographics for 61462, IL

10,980
Population
4,800
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
142.2 sq mi
ZIP Area
77
Density / Sq Mi
$62,190
Median Household Income
$33,346
Median Earnings
$657
Median Rent
$100,900
Median Home Value

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
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Frequently Asked Questions

What type of property is this?
Office units - Three separate offices in a brick building are currently leased, with the largest space used by Secretary of State driver’s license services.
Where is this office units located?
The property is located at 318 N Main Street Monmouth, IL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Three separate offices, all currently leased; Largest office leased to Secretary of State driver’s license services; Two additional slightly smaller leased offices
More about this property
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