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Flex Space with Secure Storage
For Sale
$350,000

1420 N Main Street, Monmouth, IL 61462

Commercial Sale, Monmouth, IL

Property SizeContact for details
Lot Size5.13 Acres
Days on Market17

Property Features for 1420 N Main Street

General Information

Property type Commercial Sale
Property subtype Other
Standard status Active
Lot size 5.13 Acres

Taxes and HOA fees

Tax Annual Amount 5939

Utilities

Sewer type Septic Tank
Water source Public
Listing Agency: Whitetail Properties Real Estate LLC
Listed By: Brent Reneau · License #475188002
Added: Sep 10 Changed: Sep 24 Last Checked: Sep 26 at 6:06PM
MLS# 11997564

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This flex property spans 5.13 acres and includes a main shop and equipment building measuring approximately 62' x 92'+/- with a 42' x 72'+/- addition. The improvements include office and reception areas, a concrete walk-in vault, kitchen, restrooms, concrete floors, an elevated storage deck, and five overhead door bays. Additional overhead doors on the west and north sides support access to the shop area.

A separate 68' x 116'+/- warehouse provides multiple bays, secure storage, and a concrete floor. Approximately 2 acres of open land behind the property to the west offers space for parking, equipment staging, additional storage, or future building expansion. The property has frontage along Highway 67 and is less than 1/2 mile north of Highway 34, with public water and a septic tank serving the site.

Key Highlights

  • 5.13‑acre property with approximately 2 acres of open land behind the existing improvements
  • Main shop and equipment building measures approximately 62' x 92'+/- with a 42' x 72'+/- addition
  • Separate warehouse building measures 68' x 116'+/- and includes multiple bays with a concrete floor

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Hair Salon Garden Center Furniture & Home Goods Spa & Massage Center HVAC Service

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

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

140
Businesses Nearby
Well-served
Demand for This Use

Demographics for 61462, IL

10,980
Population
4,800
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
142.2 sq mi
ZIP Area
77
Density / Sq Mi
$62,190
Median Household Income
$33,346
Median Earnings
$657
Median Rent
$100,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Versatile commercial improvements combine shop, office, warehouse, and expansion space with public water and septic service.
Where is this flex space located?
The property is located at 1420 N Main Street Monmouth, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 5.13‑acre property with approximately 2 acres of open land behind the existing improvements; Main shop and equipment building measures approximately 62' x 92'+/- with a 42' x 72'+/- addition; Separate warehouse building measures 68' x 116'+/- and includes multiple bays with a concrete floor
More about this property
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