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Retail Building with Billboard Income
For Sale
$194,000

1627 W 9th Street, Mount Carmel, IL 62863

COMMERCIAL - Mount Carmel, IL

Property Size2,544 SF
Lot Size0.69 Acres
Price / SF$76.26
Days on Market180

Property Features for 1627 W 9th Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Standard status Active
Size 2,544 SF
Lot size 0.69 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2963

Utilities

Heating system Forced Air, Natural Gas
Water source Public

Amenities

billboard

Building Details

Year built 1992
Floors in Building 1
Flooring type Carpet
Listing Agency: SARA STORCKMAN REALTY INC
Listed By: Amy Pettyjohn
Added: Mar 4 Changed: Aug 4 Last Checked: Aug 31 at 3:06PM
MLS# 11672601

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 50' x 50' commercial building offers approximately 2,544 square feet of interior space with separate front and rear spaces. The property is constructed on a slab foundation. Built in 1992, the roof was updated in 1999, and the HVAC systems were modernized in 2010.

The billboard included with the sale is income-generating and managed by LaMar Outdoor. The building sits on roughly 0.69 acres on the west side of town in Mount Carmel, Illinois.

The overall layout supports multi-area retail operations within one structure, with updates to the roof and HVAC reflecting improvements made after original construction.

Key Highlights

  • 50' x 50' commercial building with about 2,544 SF interior space
  • Built in 1992 on a slab foundation
  • Roof updated in 1999; HVAC systems modernized in 2010

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Restaurant Hair Salon Big Box & Wholesale Store Spa & Massage Center Pharmacy Law Firm

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

120
Businesses Nearby
19k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 79% Home Improvements & Furnishings 17% Hotels & Casinos 3%
Marathon Shops & Services
7,826 visits/mo 0.4 miles
Dollar General Shops & Services
5,157 visits/mo 0.2 miles
Ace Hardware Home Improvements & Furnishings
3,240 visits/mo 0.3 miles
Steve Faulkner Ford Shops & Services
966 visits/mo 0.3 miles
Steve Faulkner Chrysler Dodge Jeep Ram Shops & Services
888 visits/mo 0.4 miles

Demographics for 62863, IL

9,607
Population
4,608
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
93%
High-School Grad
147.3 sq mi
ZIP Area
65
Density / Sq Mi
$52,073
Median Household Income
$38,882
Median Earnings
$772
Median Rent
$104,000
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - A 2,544-square-foot retail building with separate front and rear spaces and a LaMar Outdoor-managed billboard included.
Where is this storefront property located?
The property is located at 1627 W 9th Street Mount Carmel, IL.
What is the asking price?
The asking price for this property is $194,000.
What are key features of this property?
This property features: 50' x 50' commercial building with about 2,544 SF interior space; Built in 1992 on a slab foundation; Roof updated in 1999; HVAC systems modernized in 2010
More about this property
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