Retail and Apartment
For Sale
Contact for pricing
Pending
408 3rd Ave, Sterling, IL 61081
Two commercial storefronts with eight apartments above, including two studios and four one-bedrooms.
Property SizeContact for details
Days on Market147
Property Features for 408 3rd Ave
General Information
Standard status
Pending
Property subtype
Special Purpose
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
8
Building Details
Tenancy
Multi
Listing Agency:
CENTURY 21 Universal Real Estate
Listed By:
Ron Alvarez · License #IL
Source:
Crexi
Added: Apr 11
Changed: Aug 23
Last Checked: Sep 2 at 4:59AM
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 CENTURY 21 Universal Real Estate
Investment Insights
Based on property information with market context.
This mixed-use building combines two commercial storefronts on the ground level with eight apartments above. The residential units include two studios and four one-bedroom apartments, providing multiple rental configurations within one property.
The property is located on busy Lincoln Highway, offering convenient access for commercial tenants and daily operations.
For buyers and investors seeking a combined live-and-work setup, the building’s storefront-over-apartment structure provides an in-place income mix under one ownership.
The property is located on busy Lincoln Highway, offering convenient access for commercial tenants and daily operations.
For buyers and investors seeking a combined live-and-work setup, the building’s storefront-over-apartment structure provides an in-place income mix under one ownership.
Key Highlights
- Mixed‑use building with 2 commercial storefronts and 8 apartments above
- Apartment mix includes 2 studios and 4 one‑bedroom units
- Property provides combined commercial and residential income potential with storefronts below and apartments above
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
Explore this area
Business Placement
Demographics for 61081, IL
21,064
Population
9,753
Households
2.2
Avg Household Size
43
Median Age
20%
College-Educated
91%
High-School Grad
124.4 sq mi
ZIP Area
169
Density / Sq Mi
$60,854
Median Household Income
$40,497
Median Earnings
$791
Median Rent
$121,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two commercial storefronts with eight apartments above, including two studios and four one-bedrooms.
Where is this apartment building located?
The property is located at 408 3rd Ave Sterling, IL.
What are key features of this property?
This property features: Mixed‑use building with 2 commercial storefronts and 8 apartments above; Apartment mix includes 2 studios and 4 one‑bedroom units; Property provides combined commercial and residential income potential with storefronts below and apartments above
