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Updated Mixed-Use Property
For Sale
$82,500

13 E Market St, Shannon, IL 61078

Main-level commercial space is paired with an upstairs apartment currently generating rental income.

Property Size840 SF
Price / SF$98.21
Days on Market17

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: Amyboston.realtopiare
Added: Aug 14 Changed: Aug 28 Last Checked: Aug 29 at 11:45AM

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.

Built in 1858, this 840 SF mixed-use property combines a commercial area on the main level with an upstairs apartment. The commercial portion is suited to retail, office, or service-based occupancy, while the residential component is currently rented and contributes ongoing rental income.

Recent work includes updates to the mechanical systems, modern lighting, and interior finishes. The property is located at 13 E Market St in Shannon, Illinois, offering a combination of business space and residential income within one building.

Key Highlights

  • 840 SF mixed‑use property with commercial and residential components
  • Main‑level space supports retail, office, or service‑based use
  • Upstairs apartment is currently rented and generating rental income

Property Analytics

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

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 - Main-level commercial space is paired with an upstairs apartment currently generating rental income.
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 $82,500.
What are key features of this property?
This property features: 840 SF mixed‑use property with commercial and residential components; Main‑level space supports retail, office, or service‑based use; Upstairs apartment is currently rented and generating rental income
More about this property
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