Mixed-Use Building with Retail
For Sale
$320,000
2-4 East Front Street Unit 24, Newark, IL 60541
Two apartments accompany an operating hair salon in a downtown corner building.
Property Size30,056 SF
Price / SF$10.65
Days on Market851
Property Features for 2-4 East Front Street Unit 24
General Information
Standard status
Active
Size
30,056 SF
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$4,260
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Brummel Properties, Inc.
(630) 347-3207
Listed By:
Laura Tomsa · License #471016446
(630) 347-3207
Source:
Compass
Added: May 2, 2024
Changed: Aug 30
Last Checked: Aug 30 at 6:23AM
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 Brummel Properties, Inc.
Investment Insights
Based on property information with market context.
This mixed-use building combines two residential apartments with a retail space currently operating as a hair salon. The apartments feature modern finishes, natural light, ample storage, and access to a full basement, providing practical residential components within the property.
The building occupies a corner position at 2-4 East Front Street, Unit 24, in downtown Newark, Illinois. Its location places the apartments near shops, cafes, and local amenities, while the retail component is positioned for continued salon use or another retail operation.
The building occupies a corner position at 2-4 East Front Street, Unit 24, in downtown Newark, Illinois. Its location places the apartments near shops, cafes, and local amenities, while the retail component is positioned for continued salon use or another retail operation.
Key Highlights
- Two residential apartments included
- Retail space currently operating as a hair salon
- Corner building at 2‑4 East Front Street, Unit 24
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Explore this area
Business Placement
Demographics for 60541, IL
3,061
Population
1,189
Households
2.6
Avg Household Size
41
Median Age
27%
College-Educated
96%
High-School Grad
83.1 sq mi
ZIP Area
37
Density / Sq Mi
$119,063
Median Household Income
$50,441
Median Earnings
$1,547
Median Rent
$302,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two apartments accompany an operating hair salon in a downtown corner building.
Where is this mixed-use property located?
The property is located at 2-4 East Front Street Unit 24 Newark, IL.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two residential apartments included; Retail space currently operating as a hair salon; Corner building at 2‑4 East Front Street, Unit 24
