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    352 Franklin St Jacksonville, IL 62650

    For Sale
    $600,000

    Residential Income - Jacksonville, IL

    Property size:
    28,844 SF
    Lot size:
    4.22 Acres
    Days on Market:
    85
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 352 Franklin St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    09-21-311-027
    Parking
    20
    Parking features
    Oversized
    Size
    28,844 SF
    Lot size
    4.22 Acres

    Utilities

    Heating system
    Hot Water (Heating)

    Building Details

    Year built
    1939
    Number of units
    6
    Building materials
    Brick
    Architectural style
    Other

    The Real Estate Group, Inc. (217) 787-7000 [email protected]

    Listing agent Clayton Yates (217) 787-7000 License #475160796

    Listing date Sep 12, 2025

    MLS# CA1039190 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

    Unique Mixed-Use Property, Jacksonville, IL

    This unique property, formerly a school building, offers both residential and commercial spaces. The main floor is zoned residential and currently features tenant-occupied units. The lower level includes a full gymnasium, locker rooms, and commercial zoning, presenting opportunities for business or community use. The property includes a kitchen, bathrooms, and an auditorium. Appliances are negotiable. The property is situated on a spacious 4.22-acre lot with ample parking. With 28,844 square feet of space, this property is suited for a live-work setup, event space, or creative redevelopment.
    Location Intelligence

    Current Use by Public Records

    Schools

    Map

    City
    Jacksonville
    County
    Morgan
    State
    Illinois
    Longitude
    -90.225067
    Latitude
    39.727996

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    FAQs

    What type of property is this?
    School - Versatile property with residential and commercial potential in Jacksonville, IL.
    Where is this school located?
    The property is located at 352 Franklin St Jacksonville, IL.
    What is the asking price?
    The asking price for this property is $600,000.
    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, locker rooms, and commercial zoning, offering diverse business or community use potential.; - Main floor is zoned residential and currently has tenant-occupied units.
    (217) 787-7000
    Request Owner's contact information
    352 Franklin St Jacksonville, IL 62650
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    Jacksonville, IL 62650
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    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
    352 Franklin St Jacksonville, IL 62650
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