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6-Unit Riverfront Short-Term Rental
For Sale
$750,000

1435 W Main Street, Grafton, IL 62037

Commercial Sale, Grafton, IL

Property Size2,865 SF
Lot Size0.45 Acres
Price / SF$261.78
Days on Market70

Property Features for 1435 W Main Street

General Information

Property type Commercial Sale
Property subtype Other
Parking features Open, Driveway, Parking Lot
Subdivision Not in a Subdivision
Standard status Active
APN 08-327-003-00
Size 2,865 SF
Lot size 0.45 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 8788

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Forced Air
Cooling system Electric, Central Air
Water source Public

Amenities

large covered decks
picnic tables
barbecue grills
fire pit

Building Details

Year built 2018
Floors in Building 1
Listing Agency: Tarrant and Harman Real Estate and Auction Co
Listed By: Travis Tarrant · License #471016673
Added: Jun 18 Changed: Aug 24 Last Checked: Aug 26 at 9:06AM
MLS# 25026787

Copyright © 2026 Mid America Regional Information Systems, Inc. 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.

Built in 2018, this 2,865-square-foot short-term rental property contains six nightly rental units in a riverfront setting. Covered decks extend the guest areas, while the level backyard includes picnic tables, barbecue grills, and a fire pit. The suites are positioned to capture river views.

Located at 1435 W Main Street in Grafton, the property offers access to a nearby bike path along the riverfront. Improvements include forced-air heating, electric central air conditioning, open and driveway parking, and a parking lot. Public water and public sewer serve the property, with water available listed among the utilities. The site encompasses 0.4469 acres.

Key Highlights

  • Six‑unit nightly rental property built in 2018
  • 2,865 SF building on 0.4469 acres
  • Riverfront setting with views from every suite

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Storage Facility Furniture & Home Goods Kitchen & Bath Showroom Nail 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.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

55
Businesses Nearby

Demographics for 62037, IL

1,779
Population
1,096
Households
1.6
Avg Household Size
52
Median Age
27%
College-Educated
95%
High-School Grad
57.4 sq mi
ZIP Area
31
Density / Sq Mi
$71,838
Median Household Income
$47,813
Median Earnings
$222,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Nightly rental property with covered decks, outdoor gathering space, and public water and sewer service.
Where is this short term rental property located?
The property is located at 1435 W Main Street Grafton, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Six‑unit nightly rental property built in 2018; 2,865 SF building on 0.4469 acres; Riverfront setting with views from every suite
More about this property
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