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Mixed-Use Building with Vaults
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17 W Water Street, Pinckneyville, IL 62274

Historic masonry property combines distinctive banking features with apartments and additional rental space.

Property SizeContact for details
Days on Market148

Property Features for 17 W Water Street

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 2

Building Details

Year Built 1875
Buildings 1
Construction masonry
Listing Agency: SHAMROCK REAL ESTATE
Listed By: Beth Miller- Porter
Source: Crexi
Added: Apr 6 Changed: Aug 30 Last Checked: Aug 30 at 7:58PM

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 SHAMROCK REAL ESTATE

Investment Insights

Based on property information with market context.

Built in 1875, this mixed-use property occupies a visible corner location within a traditional small-town streetscape. The masonry building retains decorative cornices, carved medallion panels, tall ceilings, and polished metal detailing. A substantial steel vault door with exposed gears and locking hardware remains in place, along with two vault rooms that provide distinctive interior features for the former banking layout.

The upper level contains two apartments, while a separate lower-level rental area has its own side-street entrance. A usable basement adds additional interior space. The property combines residential units with multiple commercial areas and preserved architectural elements, offering a varied configuration within one historic building.

Key Highlights

  • 1875 construction with solid masonry building design
  • Two apartments located on the upper level
  • Two vault rooms and a heavy steel vault door remain in place

Property Analytics

Current Use

Banks

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Electrical Service Law Firm (Bike/Boat/Book/etc) Store

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

330
Businesses Nearby

Demographics for 62274, IL

7,673
Population
3,087
Households
2.5
Avg Household Size
40
Median Age
12%
College-Educated
80%
High-School Grad
142.8 sq mi
ZIP Area
54
Density / Sq Mi
$64,338
Median Household Income
$34,651
Median Earnings
$611
Median Rent
$118,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Mixed-use property - Historic masonry property combines distinctive banking features with apartments and additional rental space.
Where is this mixed-use property located?
The property is located at 17 W Water Street Pinckneyville, IL.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 1875 construction with solid masonry building design; Two apartments located on the upper level; Two vault rooms and a heavy steel vault door remain in place
More about this property
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