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Mixed-Use Building with Rear Apartment
New
For Sale
$350,000

107 S Governor Oglesby Street, Elkhart, IL 62634

Commercial Sale, Elkhart, IL

Property SizeContact for details
Days on Market5

Property Features for 107 S Governor Oglesby Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commecial
Directions I-55 east on 700th st, north on route 66, east on Governor Oglesby
Standard status Active
APN 10-302-009-00

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2340

Utilities

Sewer type Public Sewer, Septic Tank
Heating system Natural Gas, Forced Air
Cooling system Central Air

Building Details

Floors in Building 1
Flooring type Wood
Building materials Brick
Roof type Flat
Listing Agency: The Real Estate Group, Inc.
Listed By: Diane Tinsley · License #471018772
Added: Sep 10 Changed: Sep 12 Last Checked: Sep 14 at 1:06AM
MLS# CA1046427

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 property at 107 S Governor Oglesby Street in Elkhart combines a model raceway hobby shop with an apartment positioned at the rear of the building. The existing business and its inventory are included in the sale. Brick construction, wood flooring, a flat roof, central air, and forced-air natural gas heat serve the property.

The building is identified for commercial use and is located in Elkhart, Illinois, within Logan County. The property is connected to sewer service, although the source information also references a septic tank. The offering includes both the operating hobby shop and the associated building, providing a combined commercial and residential configuration.

Key Highlights

  • Mixed‑use building with an apartment at the rear
  • Route 66 model raceway hobby shop included
  • Existing business inventory included with the sale

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Grocery & Convenience Store Storage Facility Big Box & Wholesale Store Real Estate Agency Hair Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

46
Businesses Nearby

Demographics for 62634, IL

847
Population
508
Households
1.7
Avg Household Size
45
Median Age
32%
College-Educated
94%
High-School Grad
53.2 sq mi
ZIP Area
16
Density / Sq Mi
$79,722
Median Household Income
$52,589
Median Earnings
$759
Median Rent
$138,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Mixed-use property - Brick building combines a Route 66 model raceway hobby shop with an apartment at the rear.
Where is this mixed-use property located?
The property is located at 107 S Governor Oglesby Street Elkhart, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Mixed‑use building with an apartment at the rear; Route 66 model raceway hobby shop included; Existing business inventory included with the sale
More about this property
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