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Updated Mixed-Use Building
For Sale
$74,000

13 E Market St, Shannon, IL 61078

Two-level property combining commercial space with an upstairs apartment and recent mechanical and lighting improvements.

Property Size840 SF
Price / SF$88.10
Days on Market8

Property Features for 13 E Market St

General Information

Standard status Active
Size 840 SF

Additional Details

Average Monthly Rent $640
Multifamily Units 1

Building Details

Year Built 1858
Buildings 1
Stories 2
Listing Agency: NextHome First Class
Listed By: Kimberly Taylor, Becky Taylor · License #475178787
Source: Realtopiare
Added: Sep 20 Changed: Sep 26 Last Checked: Sep 26 at 12:48PM

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 NextHome First Class

Investment Insights

Based on property information with market context.

This mixed-use property contains 840 square feet across a two-level configuration, with commercial space on the main floor and an apartment above. The commercial area is suited to retail, office, or service-based occupancy, while the upper-level residential component is currently rented. Recent work includes mechanical updates, modern lighting, and interior improvements that support continued commercial and residential use.

Constructed in 1858, the property is located at 13 E Market St in Shannon, Illinois. Its combination of street-level business space and an income-producing apartment creates a compact mixed-use format for an owner-occupant or investor.

Key Highlights

  • 840‑square‑foot mixed‑use property
  • Main‑level commercial space for retail, office, or service use
  • Upstairs apartment currently rented

Property Analytics

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Current Use

Small Town Roots ... Hair Salon

Suggested Use

Top Pick Auto Repair Shop Plumbing Service Storage Facility (Bike/Boat/Book/etc) Store Catering Service Big Box & Wholesale Store

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

84
Businesses Nearby
9k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Casey's General Store Shops & Services
8,620 visits/mo 0.4 miles

Demographics for 61078, IL

1,388
Population
626
Households
2.2
Avg Household Size
42
Median Age
18%
College-Educated
95%
High-School Grad
55.4 sq mi
ZIP Area
25
Density / Sq Mi
$75,150
Median Household Income
$34,097
Median Earnings
$733
Median Rent
$128,500
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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level property combining commercial space with an upstairs apartment and recent mechanical and lighting improvements.
Where is this mixed-use property located?
The property is located at 13 E Market St Shannon, IL.
What is the asking price?
The asking price for this property is $74,000.
What are key features of this property?
This property features: 840‑square‑foot mixed‑use property; Main‑level commercial space for retail, office, or service use; Upstairs apartment currently rented
More about this property
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