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

    320 W Broadway Ave Centralia, IL 62801

    For Sale
    $45,000

    Commercial - Centralia, IL

    Property size:
    1,516 SF
    Lot size:
    0.04 Acres
    Days on Market:
    160
    Last Refresh:
    Dec 7 at 2:06 pm

    Property Features for 320 W Broadway Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-4
    APN
    1400051805
    Size
    1,516 SF
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Flooring type
    Wood
    Building materials
    Aluminum Siding, Block
    Roof type
    Membrane
    Architectural style
    Other

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

    Listing agent Emily Heinzmann (618) 532-7300 License #475131924

    Listing date Jul 1, 2025

    MLS# EB458635 Listing URL

    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

    Centralia Commercial Property on Broadway

    This commercial property is located on Broadway in the heart of Centralia's downtown district. The building offers an opportunity for investors, entrepreneurs, or business owners seeking an affordable space with potential. The building features a layout with a front-facing main entrance and windows, a flexible main space, and a room in the back suitable for storage or expansion. The property is easy to maintain, and its location provides access to major streets and local amenities. With 1516 square feet of living area and situated on a lot of 0.04 acres, this property is zoned B-4. It offers a foundation with room to grow for opening a storefront, office, or studio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Centralia
    County
    Marion
    State
    Illinois
    Longitude
    -89.140247
    Latitude
    38.528955

    Nearby Similar for Sale

    • 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
      4,600 SF

      Versatile Commercial Property in Centralia

      Updated commercial property with flexible space and high visibility.
      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
    • $365,400
      6,530 SF

      Partially Renovated Apartment Complex

      Investment opportunity: partially renovated apartment complex with building materials included.
      223 N Broadway St, Centralia, IL 62801
      View Details
    • New
      $119,900
      2,436 SF

      Centralia IL Brick Duplex

      All brick duplex in Centralia, Illinois, great investment opportunity.
      406 Cedar St, Centralia, IL 62801
      View Details
    • New
      $119,900
      1,400 SF

      Centralia Commercial Building Near Hospital

      Commercial building near hospital, suitable for medical or professional offices.
      205 N Davis Ave, Centralia, IL 62801
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial property in Centralia's downtown district, ideal for investors.
    Where is this storefront property located?
    The property is located at 320 W Broadway Ave Centralia, IL.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: - Prime location on Broadway in Centralia's downtown district.; - Affordable commercial space with strong potential for investors or business owners.; - Flexible main space suitable for storefront, office, or studio.
    (618) 532-7300
    Request Owner's contact information
    320 W Broadway Ave 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.
    320 W Broadway Ave
    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
    320 W Broadway Ave 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.