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Commercial Land with Pole Barn
For Sale
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301 3RD Street, London Mills, IL 61544

Commercial Sale, London Mills, IL

Property SizeContact for details
Days on Market59

Property Features for 301 3RD Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Directions 116 to First Entrance into London Mills, Left on W Main then Right on 3rd. Property is on the Left
Standard status Active
APN 03-02-03-102-003

Taxes and HOA fees

Tax Year 2025
Tax Description SECT/LOT: 18 & 17 ORIG. TOWN LONDON MILLS 29 CENT PT 17 29 CENT PT E1 2
Tax Annual Amount 369
Legal Description SECT/LOT: 18 & 17 ORIG. TOWN LONDON MILLS 29 CENT PT 17 29 CENT PT E1 2

Amenities

pole barn

Building Details

Flooring type Concrete
Building materials Steel Frame, Frame
Roof type Metal
Listing Agency: Jim Maloof Realty, Inc.
Listed By: Sherri Delost · License #475131938
Added: Jul 30 Changed: Aug 19 Last Checked: Sep 26 at 3:06PM
MLS# PA1268880

Copyright © 2026 RMLS Alliance. 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 commercial land offering includes two lots and a pole barn configured with both open-air and enclosed sections. The structure provides space for storage or vendor operations and includes numerous electrical plug-ins supported by 200 amp service. Concrete flooring and a metal roof are also present.

Located at 301 3RD Street in London Mills, Illinois, the property has previously been used for Giacabazi Donuts and includes 24 additional spaces. The sites have been rented during the current year, with the sellers retaining those proceeds.

Key Highlights

  • Two lots included in the commercial land offering
  • Pole barn combines open‑air and enclosed areas for storage or vendors
  • Electrical service includes 200 amp capacity and multiple plug‑ins

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Auto Repair Shop Storage Facility (Bike/Boat/Book/etc) Store Food Market Farmer's Market Bar & Pub

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

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

28
Businesses Nearby

Demographics for 61544, IL

688
Population
365
Households
1.9
Avg Household Size
50
Median Age
21%
College-Educated
95%
High-School Grad
39.7 sq mi
ZIP Area
17
Density / Sq Mi
$79,333
Median Household Income
$48,125
Median Earnings
$920
Median Rent
$95,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Commercial land - Two lots include a partially enclosed pole barn with storage and vendor space.
Where is this commercial land located?
The property is located at 301 3RD Street London Mills, IL.
What are key features of this property?
This property features: Two lots included in the commercial land offering; Pole barn combines open‑air and enclosed areas for storage or vendors; Electrical service includes 200 amp capacity and multiple plug‑ins
More about this property
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