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Three-Story Mixed-Use Building
For Sale
$110,000

233 5th St, Lacon, IL 61540

Leased office and kitchen areas occupy the main floor and basement, with a rear patio for customers or staff.

Property Size3,000 SF
Price / SF$36.67
Days on Market124

Property Features for 233 5th St

General Information

Standard status Active
Size 3,000 SF
Property subtype Commercial

Building Details

Buildings 1
Stories 3
Listing Agency: Keller Williams Premier Realty
Listed By: Zachary Oyler () · License #475172173
Source: Searchillinoishomesforsale
Added: May 15 Changed: Sep 10 Last Checked: Sep 14 at 12:07PM

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 Keller Williams Premier Realty

Investment Insights

Based on property information with market context.

This three-story mixed-use building at 233 5th St in Lacon includes office and kitchen areas on the main level and in the basement, both currently leased. The upper floor is positioned for apartments or additional business use. Property improvements include a newer roof, HVAC system, water heater, and sump pump, along with refinished hardwood floors.

A rear patio provides outdoor space for customers or staff. The building is situated in a downtown setting and offers multiple floors with existing office and kitchen uses, plus additional space on the third floor for future configuration.

Key Highlights

  • 3‑story mixed‑use building with 3,000 PropertySize
  • Main floor and basement include currently leased office and kitchen spaces
  • Third floor can accommodate apartments or additional business use

Property Analytics

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Current Use

Stacey Rohman Photography Photography Service

Suggested Use

Top Pick Real Estate Agency Plumbing Service Pharmacy Bakery Furniture & Home Goods 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.

Location Intelligence

Trade Area within ½ mile

203
Businesses Nearby
4k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 100%
IGA Foodliner Groceries
4,239 visits/mo 0.0 miles

Demographics for 61540, IL

2,741
Population
1,298
Households
2.1
Avg Household Size
46
Median Age
19%
College-Educated
94%
High-School Grad
52.7 sq mi
ZIP Area
52
Density / Sq Mi
$74,519
Median Household Income
$40,735
Median Earnings
$803
Median Rent
$154,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Mixed-use property - Leased office and kitchen areas occupy the main floor and basement, with a rear patio for customers or staff.
Where is this mixed-use property located?
The property is located at 233 5th St Lacon, IL.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: 3‑story mixed‑use building with 3,000 PropertySize; Main floor and basement include currently leased office and kitchen spaces; Third floor can accommodate apartments or additional business use
More about this property
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