Live-Work Property With Commercial
For Sale
Under Contract
$224,990
8621 US Highway 12, Richmond, IL 60071
Commercial Sale, Richmond, IL
Property SizeContact for details
Lot Size0.50 Acres
Days on Market248
Property Features for 8621 US Highway 12
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMR
Directions
West side of US Highway 12 just North of the 12/31 Intersection Very strong location
Subdivision
Richmond
Standard status
Active Under Contract
APN
0421100005
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8292
Utilities
Utilities
Natural Gas Available
Sewer type
Septic Tank
Cooling system
Central Air
Water source
Well
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
HomeSmart Connect LLC · HomeSmart International
(847) 495-5000
Listed By:
Salvatore Soccorso · License #475144533
(847) 401-8000
Added: Jan 8
Changed: Aug 19
Last Checked: Sep 13 at 5:06PM
MLS# 12543717
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 property combines a two-bedroom residence with an attached commercial area measuring 23 x 33 feet. The business portion has space for a future bathroom, separate metering, and its own HVAC system, while the residence includes a basement, two-car garage, and rear privacy. The property also features newer insulation and 200 AMP electrical service supported by two meters.
Set on 0.5 acres at 8621 US Highway 12 in Richmond, the property fronts a heavily traveled arterial just north of the US Highway 12 and Route 31 intersection. It has level access to the Prairie Trail and is served by a well and septic system. The property is zoned for live-and-work use within a general business district framework, with municipal licensing information available through the Village of Richmond.
Set on 0.5 acres at 8621 US Highway 12 in Richmond, the property fronts a heavily traveled arterial just north of the US Highway 12 and Route 31 intersection. It has level access to the Prairie Trail and is served by a well and septic system. The property is zoned for live-and-work use within a general business district framework, with municipal licensing information available through the Village of Richmond.
Key Highlights
- 23 x 33 commercial area attached to a two‑bedroom residence
- 200 AMP electrical service with two meters
- Commercial component is separately metered
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Explore this area
Business Placement
Demographics for 60071, IL
3,891
Population
2,161
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
97%
High-School Grad
24.8 sq mi
ZIP Area
157
Density / Sq Mi
$77,593
Median Household Income
$43,164
Median Earnings
$1,189
Median Rent
$289,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Live-work space - Attached residential and business areas offer flexible occupancy with separate metering for the commercial component.
Where is this live-work space located?
The property is located at 8621 US Highway 12 Richmond, IL.
What is the asking price?
The asking price for this property is $224,990.
What are key features of this property?
This property features: 23 x 33 commercial area attached to a two‑bedroom residence; 200 AMP electrical service with two meters; Commercial component is separately metered
