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Medical Office Building with Waiting Room
For Sale
Contact for pricing
Pending

1415 E Third Street, Centralia, IL 62801

Versatile office building features 17 rooms, including a large waiting room, plus two offices.

Property SizeContact for details
Days on Market148

Property Features for 1415 E Third Street

General Information

Standard status Pending
Property subtype Office
Listing Agency: Rod Snow, Inc
Listed By: Maria Lauder · License #IL 475151040
Source: Crexi
Added: Apr 11 Changed: Aug 24 Last Checked: Sep 4 at 7:32PM

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 Rod Snow, Inc

Investment Insights

Based on property information with market context.

This versatile building is currently used as a medical office and includes 17 rooms, such as two offices and a large waiting room. The interior has been refreshed with new flooring and paint in much of the building. The property is served by two furnaces and two A/C units.

The lot line is located slightly to the east end of the parking area. Additional parking may be available at the rear of the building.

With its established room layout and updated interior finishes, the building is well suited to office-based users and can support a range of flexible uses consistent with its current configuration.

Key Highlights

  • Currently used as a medical office with 17 rooms, including a large waiting room and 2 offices
  • Interior updates include new flooring and paint throughout much of the building
  • HVAC includes 2 furnaces and 2 A/C units

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Restaurant Real Estate Agency Building Supply Law Firm Dental Office Hair Salon

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

368
Businesses Nearby
Under-served
Demand for This Use

Demographics for 62801, IL

20,502
Population
9,044
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
86%
High-School Grad
134.4 sq mi
ZIP Area
153
Density / Sq Mi
$53,740
Median Household Income
$36,109
Median Earnings
$785
Median Rent
$91,100
Median Home Value

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?
Medical Office Space - Versatile office building features 17 rooms, including a large waiting room, plus two offices.
Where is this medical office space located?
The property is located at 1415 E Third Street Centralia, IL.
What are key features of this property?
This property features: Currently used as a medical office with 17 rooms, including a large waiting room and 2 offices; Interior updates include new flooring and paint throughout much of the building; HVAC includes 2 furnaces and 2 A/C units
More about this property
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