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Mixed-Use Building with Apartment
New
For Sale
$325,000

117 N Madison, Pittsfield, IL 62363

A renovated upper-level residence pairs with occupied storefront space and a large rear storage area.

Property Size6,804 SF
Price / SF$47.77
Days on Market6

Property Features for 117 N Madison

General Information

Standard status Active
Size 6,804 SF
Property subtype Multi-Unit (2-4)

Units

Unit Mix 1 x 2BR/2BA
Multifamily Units 1

Additional Details

Floor Main

Amenities

Total Taxes: $2,867, Percentage of Tax that is Deductable: 0
Hardwood Floor, Tile Floor
Sale, Sale Type: Foreclosure, Availability Date: 2026-10-16
School District: Pikeland CUSD 10
Property Zone Type: 200, Above Area Square Feet: 6804, Street View, City View
Construction Type: Masonry - Brick
Brick Siding
Oven, Refrigerator, Dishwasher, Stainless Steel Appliances

Building Details

Buildings 1
Construction brick
Listing Agency: Hometown Real Estate / Pioneer Land Company
Listed By: Josh McDonald
Source: Doyle-realty
Added: Oct 16 Changed: Oct 19 Last Checked: Oct 20 at 10:48PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hometown Real Estate / Pioneer Land Company

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Investment Insights

Based on property information with market context.

At 117 N. Madison, this 6,804-square-foot mixed-use property combines residential, commercial, and storage space. The upper-floor apartment measures 2,268 square feet and has two bedrooms, two bathrooms, a remodeled kitchen with stainless steel appliances and quartz countertops, and an updated bathroom with an onyx shower system. Windows throughout bring natural light into the residence. The 1,988-square-foot ground-floor commercial area is occupied by an established business.

A 2,548-square-foot rear storage area adds substantial space for storage or business operations. Conversion to another commercial unit or an apartment may be possible, subject to applicable approvals. The property is on the town square in Pittsfield, Illinois, among downtown businesses and shopping.

Key Highlights

  • 6,804 square feet across residential, commercial, and storage areas
  • 2,268‑square‑foot upstairs apartment with 2 bedrooms and 2 bathrooms
  • Occupied 1,988‑square‑foot main‑level commercial space

Property Analytics

Current Use

J.B. Filbert Insurance ... Insurance Agency System Works Marketing & Advertising

Suggested Use

Top Pick Dental Office HVAC Service Electrical Service Restaurant Real Estate Agency 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.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

442
Businesses Nearby
43k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 49% Shops & Services 48% Electronics 3%
McDonald's Dining
17,879 visits/mo 0.5 miles
Pittsfield Shops & Services
15,715 visits/mo 0.2 miles
SUBWAY Dining
3,057 visits/mo 0.1 miles
United Community Bank Shops & Services
2,381 visits/mo 0.1 miles
Shell Shops & Services
1,712 visits/mo 0.1 miles

Demographics for 62363, IL

5,726
Population
2,843
Households
2
Avg Household Size
44
Median Age
25%
College-Educated
95%
High-School Grad
154.2 sq mi
ZIP Area
37
Density / Sq Mi
$56,563
Median Household Income
$42,520
Median Earnings
$703
Median Rent
$118,700
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

Frequently Asked Questions

What type of property is this?
Mixed-use property - A renovated upper-level residence pairs with occupied storefront space and a large rear storage area.
Where is this mixed-use property located?
The property is located at 117 N Madison Pittsfield, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 6,804 square feet across residential, commercial, and storage areas; 2,268‑square‑foot upstairs apartment with 2 bedrooms and 2 bathrooms; Occupied 1,988‑square‑foot main‑level commercial space
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