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Post Office Apartment Building

303 3rd Street Kell, IL 62853

303 3rd Street, Kell, IL, 62853
$75,000
For Sale
$75,000

Mixed-use building with a USPS-occupied post office and two apartment units, including one 1-bedroom unit.

Property Size3,550 SF
Price / SF$21.13
Days on Market141

Property Features for 303 3rd Street

General Information

Standard status
Active
Size
3,550 SF
Property subtype
Commercial Sale / Mixed Use

Building Details

Year Built
1908
Listing agency Cross Davidson Real Estate
Listed by Lettie Johnson · License #475116283
Source Compass
Added: Mar 2 Updated: Jul 20 at 7:24PM Checked: Jul 21 at 8:14AM

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 Cross Davidson Real Estate


Investment Insights

Based on property information with market context.

This mixed-use post office/apartment building includes a USPS-occupied post office and two apartment rentals. The post office has had many updates, and it is under a 4-year lease with a 5-year option. The seller pays the water utility only.

The upper apartment is a 1-bedroom unit with an open living area, a galley-style kitchen, and a full bath. The lower unit is in need of significant repair, and its configuration can be customized.

The building offers a straightforward live-and-serve setup for the residential component while maintaining an income base through the post office lease.

Key Highlights

  • 1908 mixed‑use building with a USPS‑occupied post office plus two apartment units
  • US Postal Service lease in place: 4‑year term with a 5‑year option at $7,100 per year
  • Seller pays the water utility only under the USPS lease terms

Property Analytics

Location Intelligence

Current Use by Public Records

United States Postal ... Shipping And Mailing Service

Suggested Use

Hair Salon Nail Salon Food Market Spa & Massage Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Mixed-use building with a USPS-occupied post office and two apartment units, including one 1-bedroom unit.
Where is this mixed-use property located?
The property is located at 303 3rd Street Kell, IL.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: 1908 mixed‑use building with a USPS‑occupied post office plus two apartment units; US Postal Service lease in place: 4‑year term with a 5‑year option at $7,100 per year; Seller pays the water utility only under the USPS lease terms
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