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Mixed-Use Building with Apartments
New
For Sale
$60,000

602 Wood River Ave, Wood River, IL 62095

Includes a storefront area, two apartments, and B1 Neighborhood Business zoning.

Property Size2,555 SF
Price / SF$23.48
Days on Market5

Property Features for 602 Wood River Ave

General Information

Standard status Active
Size 2,555 SF
Property subtype Multi-Family
Zoning B1

Property Condition

Severity Repairs Needed
Evidence needs work

Building Details

Year Built 1920
Listing Agency: Landmark Realty
Listed By: Julia Kennedy · License #475.203745
Source: Nations-network
Added: Sep 20 Last Checked: Sep 24 at 2:46PM

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 Landmark Realty

Investment Insights

Based on property information with market context.

This mixed-use building combines a commercial area on the main level with two residential apartments. The front commercial space includes a 3/4 bath and room for a kitchenette, supporting storefront, office, studio, or small-business use. The upper apartment contains 3 bedrooms and 1 bath, while the rear apartment on the main floor offers 2 bedrooms and 1 bath. Built in 1920, the property contains 2,555 square feet and requires renovation.

Zoned B1 Neighborhood Business, the building is located at 602 Wood River Ave in Wood River, Illinois. The property sits across from a recreation center, round house, and high school, providing an established community setting for a live-work configuration or combined commercial and residential use.

Key Highlights

  • 2,555‑square‑foot mixed‑use building
  • Two apartments: one with 3 bedrooms and 1 bath, plus one with 2 bedrooms and 1 bath
  • Front commercial area includes a 3/4 bath and kitchenette space

Property Analytics

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Current Use

Petrel Group Ltd Engineer

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Kitchen & Bath Showroom Gym & Fitness Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

496
Businesses Nearby

Demographics for 62095, IL

11,060
Population
5,186
Households
2.1
Avg Household Size
40
Median Age
16%
College-Educated
94%
High-School Grad
7.1 sq mi
ZIP Area
1,558
Density / Sq Mi
$66,641
Median Household Income
$41,932
Median Earnings
$919
Median Rent
$106,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Includes a storefront area, two apartments, and B1 Neighborhood Business zoning.
Where is this mixed-use property located?
The property is located at 602 Wood River Ave Wood River, IL.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: 2,555‑square‑foot mixed‑use building; Two apartments: one with 3 bedrooms and 1 bath, plus one with 2 bedrooms and 1 bath; Front commercial area includes a 3/4 bath and kitchenette space
More about this property
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