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Leased Office Building
For Sale
$295,000

318 N Main Street, Monmouth, IL 61462

Commercial Sale, Monmouth Illinois 61462, IL

Property SizeContact for details
Lot Size0.26 Acres
Days on Market252

Property Features for 318 N Main Street

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 3
Half bathrooms 3
Rooms Bathroom 3, Bathroom 1, Bathroom 2
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 Forced Air, Natural Gas
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: Sep 14 Last Checked: Sep 26 at 7:06PM
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 1972 office building contains three separate office areas, each currently leased. The largest office is occupied by Secretary of State Driver's License Services, while the two remaining offices are slightly smaller. The property includes three bathrooms and is constructed with brick exterior materials.

Set on 0.2603 acres at 318 N Main Street in Monmouth, Illinois 61462, the building is served by public water. Building systems include natural gas and forced-air heating, while the roof is rubber. The existing office layout and multiple leased areas provide a defined commercial configuration for an office-focused buyer.

Key Highlights

  • Three separate office areas, all currently leased
  • Largest office occupied by Secretary of State Driver's License Services
  • 0.2603‑acre site at 318 N Main Street

Property Analytics

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Current Use

Office buildings

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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

613
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
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
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Frequently Asked Questions

What type of property is this?
Office building - Multi-office commercial property with existing occupants and separate office configurations.
Where is this office building 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 office areas, all currently leased; Largest office occupied by Secretary of State Driver's License Services; 0.2603‑acre site at 318 N Main Street
More about this property
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