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Mixed-Use Building with Gymnasium
For Sale
$450,000

352 FRANKLIN Street, Jacksonville, IL 62650

COMMERCIAL - Jacksonville, IL

Lot Size4.22 Acres
Days on Market323

Property Features for 352 FRANKLIN Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Mix
Directions From Morton, turn right onto S Clay Ave, left onto Franklin St. Destination will be on the right
Standard status Active
APN 09-21-311-027
Lot size 4.22 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description RNG/BLK: TWP:0 SECT/LOT: CITY OF JACKSONVILLE OWENS SUBDIVISION LTS 1 THRU 6 INCL DOCKET NO 7669-2 A
Tax Annual Amount 5399
Legal Description RNG/BLK: TWP:0 SECT/LOT: CITY OF JACKSONVILLE OWENS SUBDIVISION LTS 1 THRU 6 INCL DOCKET NO 7669-2 A

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating)
Cooling system Multi Units, Central Air

Building Details

Year built 1939
Floors in Building 2
Number of units 6
Flooring type Concrete
Building materials Brick
Roof type Composition
Listing Agency: The Real Estate Group, Inc.
Listed By: Clayton Yates · License #475160796
Added: Sep 12, 2025 Changed: Jul 12 Last Checked: Jul 31 at 1:06AM
MLS# CA1039191

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This mixed-use building was previously a school and currently includes both residential and commercial-oriented spaces under one roof. The main floor is zoned residential and has tenant-occupied units. The lower level features a complete gymnasium, locker rooms, and commercial zoning. Interior improvements include kitchens and bathrooms, along with an auditorium.

The property is located at 352 Franklin Street in Jacksonville, Illinois and sits on a spacious lot with plenty of parking. Appliances are listed as negotiable, and the detailed floor plan is available to review the layout.

Overall, the building is arranged to accommodate different space types across its levels, with zoning that varies by floor and room configuration that includes both living and large assembly/recreation features.

Key Highlights

  • Unique property: Former school building with residential and commercial zoning.
  • Lower level features a full gymnasium and locker rooms.
  • Spacious lot with plenty of parking.

Property Analytics

Current Use

Fitness centers & gyms

Location Intelligence

Trade Area within ½ mile

93
Businesses Nearby

Demographics for 62650, IL

24,891
Population
11,213
Households
2.2
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
197.8 sq mi
ZIP Area
126
Density / Sq Mi
$64,137
Median Household Income
$40,101
Median Earnings
$705
Median Rent
$142,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Multi-level building with residential units on the main floor and a lower-level gymnasium and locker rooms.
Where is this apartment building located?
The property is located at 352 FRANKLIN Street Jacksonville, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Unique property: Former school building with residential and commercial zoning.; Lower level features a full gymnasium and locker rooms.; Spacious lot with plenty of parking.
More about this property
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