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Mixed-Use Property with Office Space

14 E Penning Avenue, Wood River, IL 62095

For Sale
$60,000

The main floor has two offices, while the upper floor includes two bedrooms and a separate kitchen.

Property Size2,307 SF
Price / SF$26.01
Days on Market9

Property Features for 14 E Penning Avenue

General Information

Standard status Active
Size 2,307 SF
Property subtype Commercial

Property Condition

Severity Repairs Needed
Evidence Will need TLC and updates

Additional Details

Condition Needs Renovation
Property Use Office

Taxes and HOA fees

Annual Taxes $3,698

Building Details

Building Size 2,307 SF
Buildings 1
Stories 2
Listing Agency: Market Pro Realty, Inc
Listed By: Elaine Rhodes · License #RASI
Source: 360primerealtygroup
Added: Nov 1 Changed: Nov 7 Last Checked: Nov 8 at 1:08PM

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 Market Pro Realty, Inc

Rey
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Investment Insights

Based on property information with market context.

This 2,307-square-foot mixed-use property has work and living areas across multiple levels. The main floor includes an enclosed front porch, an open layout, some wood flooring, a large kitchen area, two offices with adjoining sitting or storage rooms, and a bathroom. Upstairs are two bedrooms, an office, a kitchen, a combined dining and living area, and a bathroom. Closets are distributed throughout the property. The lower level adds an open room, utility room, and storage room. A fenced yard, deck, and shed are also included.

Per zoning, a business must operate on the main floor for the upper level to be rented. Appliances on the upper floor remain; main-floor appliances are excluded. The property is being sold as-is, with no seller repairs or occupancy inspection or permit provided.

Key Highlights

  • 2,307‑square‑foot mixed‑use property
  • Main floor has two offices with adjacent sitting or storage rooms
  • Upper level includes two bedrooms, an office, kitchen, dining/living area, and bathroom

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Storage Facility

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

463
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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Frequently Asked Questions

What type of property is this?
Mixed-use property - The main floor has two offices, while the upper floor includes two bedrooms and a separate kitchen.
Where is this mixed-use property located?
The property is located at 14 E Penning Avenue 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: 2,307‑square‑foot mixed‑use property; Main floor has two offices with adjacent sitting or storage rooms; Upper level includes two bedrooms, an office, kitchen, dining/living area, and bathroom
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