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Live-Work Space with Storefront
For Sale
$159,900

320 N Main Street, Roanoke, IL 61561

Commercial Sale, Roanoke, IL

Property SizeContact for details
Days on Market318

Property Features for 320 N Main Street

General Information

Property type Commercial Sale
Property subtype Retail
Zoning RTAIL
Directions Hwy 24 to 1700 and turn North. Go to Hwy 116 and turn Right until you get to Main St & turn Left.
Subdivision Roanoke
Standard status Active
APN 1014303003

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 1892

Utilities

Cooling system Central Air

Building Details

Year built 1900
Floors in Building 1
Building materials Vinyl Siding, Brick
Listing Agency: RE/MAX Choice · RE/MAX International
Listed By: Willow Gramm · License #475132109
Added: Nov 1, 2025 Changed: Aug 19 Last Checked: Sep 14 at 10:06AM
MLS# 12507868

Copyright © 2026 Midwest Real Estate Data, LLC. 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 live-work space at 320 N Main Street includes a storefront, private offices, conference rooms, and a main-level dining area with extensive cabinet storage. The property was previously configured with office space and living quarters, while the current zoning designation is RTAIL. The main level includes a full bathroom and kitchen or breakroom area.

Additional improvements extend into the basement, which contains a small kitchen with a refrigerator and stove, two pantries, a large family room, a full bathroom, and a private room. Central air serves the building, which was constructed in 1900 and has vinyl siding and brick construction. A newer roof was installed in 2023. Permitted uses should be independently confirmed with the Village of Roanoke.

Key Highlights

  • Storefront with private offices and conference rooms
  • Main‑level kitchen or breakroom with cabinet storage and dining area
  • Basement includes a kitchen, 2 pantries, family room, full bathroom, and private room

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Building Supply Real Estate Agency Dental Office Parking Lot & Garage Big Box & Wholesale 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.

Location Intelligence

Trade Area within ½ mile

150
Businesses Nearby

Demographics for 61561, IL

2,610
Population
958
Households
2.7
Avg Household Size
43
Median Age
25%
College-Educated
95%
High-School Grad
56.3 sq mi
ZIP Area
46
Density / Sq Mi
$77,143
Median Household Income
$50,038
Median Earnings
$1,091
Median Rent
$150,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Live-work space - Storefront commercial space includes private offices, conference rooms, kitchen areas, and multiple full bathrooms.
Where is this live-work space located?
The property is located at 320 N Main Street Roanoke, IL.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Storefront with private offices and conference rooms; Main‑level kitchen or breakroom with cabinet storage and dining area; Basement includes a kitchen, 2 pantries, family room, full bathroom, and private room
More about this property
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