Building Details

Tenancy Multi

Listing Agency: RE/MAX Alliance t***@gatewayhometeam.com Show Phone

Listed By: Mark Roberts · License #475208136 Show Phone

Source: Exprealty

Added: Sep 28 Changed: Oct 3 Last Checked: Oct 4 at 7:21PM

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Investment Insights

Based on property information with market context.

At 110-112 W Main St in Mount Olive, this 4,000-square-foot mixed-use property combines two commercial spaces with three apartments: two two-bedroom units and one one-bedroom unit. All five units are occupied, and updates have been completed across the property.

Each unit has its own heating, cooling, and electric service, allowing tenants to pay their own utilities. Rear off-street parking serves the property. Lease terms can be renegotiated by new ownership.

Key Highlights

• Five units: two commercial spaces and three apartments
• Apartment mix includes two 2‑bedroom units and one 1‑bedroom unit
• All units are occupied

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Electrical Service (Bike/Boat/Book/etc) Store Hair Salon Dental Office Bakery

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

3

Residential units

Multi-tenant

Tenancy

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

126

Businesses Nearby

Explore this area Business Placement

Demographics for 62069, IL

3,076

Population

1,658

Households

1.9

Avg Household Size

46

Median Age

15%

College-Educated

90%

High-School Grad

29.1 sq mi

ZIP Area

106

Density / Sq Mi

$57,642

Median Household Income

$38,254

Median Earnings

$711

Median Rent

$105,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two commercial spaces and three occupied apartments have separate heating, cooling, and electric service.

Where is this mixed-use property located?

The property is located at 110-112 W Main St Mount Olive, IL.

What is the asking price?

The asking price for this property is $149,000.

What are key features of this property?

This property features: Five units: two commercial spaces and three apartments; Apartment mix includes two 2‑bedroom units and one 1‑bedroom unit; All units are occupied