Building Details

Building Size 4,000 SF

Year Built 1980

Buildings 1

Stories 2

Units 5

Tenancy Multi

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

Listed By: Mark Roberts · License #475208136 Show Phone

Source: Calltammy

Added: Sep 29 Changed: Oct 22 Last Checked: Oct 22 at 2:20PM

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Investment Insights

Based on property information with market context.

This 4,000-square-foot mixed-use property at 112 W Main Street includes five units: two ground-floor commercial spaces, two two-bedroom apartments, and one one-bedroom apartment. All units are occupied. Updates have been completed, and each unit has separate heating, cooling, and electricity service. Lease terms may be renegotiated by a new owner.

Rear off-street parking serves the property in Mount Olive, Illinois. The building was constructed in 1980.

Key Highlights

• Five‑unit property with two commercial spaces and three apartments
• 4,000 square feet; built in 1980
• Apartment mix includes two 2‑bedroom units and one 1‑bedroom unit

Property Analytics

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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

100%

Occupancy

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two commercial spaces and three apartments combine retail and residential occupancy in one building.

Where is this mixed-use property located?

The property is located at 112 W Main Street #110 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‑unit property with two commercial spaces and three apartments; 4,000 square feet; built in 1980; Apartment mix includes two 2‑bedroom units and one 1‑bedroom unit