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Storefront Property with Deep Lot
For Sale
$74,900

4 N Bourne Street, Tolono, IL 61880

Business Opportunity, Tolono, IL

Property SizeContact for details
Lot Size0.47 Acres
Days on Market315

Property Features for 4 N Bourne Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMR
Directions From E Main St in Tolono, turn onto N Bourne St. Follow N Bourne, building at corner of N Bourne St and Great Western Ave.
Subdivision Southern Champaign County / Douglas County
Standard status Active
APN 292626477001
Lot size 0.47 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Improvement 477-001 of Tolono - Original Town
Tax Annual Amount 737
Legal Description Improvement 477-001 of Tolono - Original Town

Utilities

Utilities Water Available
Cooling system Window Unit(s)

Building Details

Floors in Building 2
Listing Agency: RE/MAX REALTY ASSOCIATES-CHA · RE/MAX International
Listed By: Eddie Mullins · License #475131641
Added: Oct 28, 2025 Changed: Aug 20 Last Checked: Sep 7 at 6:06AM
MLS# 12500516

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 storefront property offers a flexible interior arrangement for retail-oriented operations and is identified within the COMMR zoning district. Window-unit cooling is available, and water service is listed for the property.

The parcel includes approximately 0.4711 acres, with dimensions of 54 feet by 380 feet. Its deep configuration extends well beyond the building footprint and provides additional outdoor area associated with the property. The address is in Tolono, Illinois, within Champaign County.

Key Highlights

  • 0.4711‑acre commercial parcel
  • Deep lot measuring 54 feet by 380 feet
  • Zoned COMMR

Property Analytics

Current Use

Ben's Barber Shop Barber Shop

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Spa & Massage Center Building Supply Hair Salon

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

148
Businesses Nearby
Under-served
Demand for This Use

Demographics for 61880, IL

4,317
Population
1,894
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
100%
High-School Grad
61.8 sq mi
ZIP Area
70
Density / Sq Mi
$89,139
Median Household Income
$48,330
Median Earnings
$881
Median Rent
$227,300
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Storefront property with a flexible layout, window-unit cooling, and water availability in a commercial zoning district.
Where is this storefront property located?
The property is located at 4 N Bourne Street Tolono, IL.
What is the asking price?
The asking price for this property is $74,900.
What are key features of this property?
This property features: 0.4711‑acre commercial parcel; Deep lot measuring 54 feet by 380 feet; Zoned COMMR
More about this property
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