Building Details

Tenancy Multi

Listing Agency: Cove Realty Inc m***@covesrealty.com Show Phone

Listed By: Mitchell Cohen · License #471022000 Show Phone

Source: Compass

Added: May 6 Changed: Aug 30 Last Checked: Aug 30 at 1:12AM

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Investment Insights

Based on property information with market context.

This mixed-use property brings together retail and residential components in a two-level layout. Six storefronts occupy the street level, while seven apartments are positioned above. An off-street parking lot is located on the north side of the property.

The property is situated on historic West Main Street near Millikin University. Most units are individually metered, and landlord responsibilities differ according to the applicable lease terms. The existing configuration supports a combination of storefront and apartment occupancy within one 13-unit asset.

Key Highlights

• 13‑unit mixed‑use property with 6 retail storefronts and 7 upstairs apartments
• Street‑level storefronts paired with residential units on the upper floor
• Off‑street parking lot located on the north side of the property

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service Big Box & Wholesale Store Kitchen & Bath Showroom Skin Care Clinic

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

7

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

150

Businesses Nearby

Explore this area Business Placement

Demographics for 62521, IL

33,793

Population

16,169

Households

2.1

Avg Household Size

44

Median Age

22%

College-Educated

91%

High-School Grad

66.0 sq mi

ZIP Area

512

Density / Sq Mi

$66,848

Median Household Income

$41,945

Median Earnings

$857

Median Rent

$119,900

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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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-level configuration combines street-facing retail space with upstairs apartments and off-street parking.

Where is this mixed-use property located?

The property is located at 228-248 West Main Street Mount Zion, IL.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: 13‑unit mixed‑use property with 6 retail storefronts and 7 upstairs apartments; Street‑level storefronts paired with residential units on the upper floor; Off‑street parking lot located on the north side of the property