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Office Building with Full Basement
For Sale
$67,500

312 N Madison Street, Litchfield, IL 62056

Multiple private offices, a kitchen, laundry area, and two half baths support daily operations.

Property Size1,224 SF
Days on Market55

Property Features for 312 N Madison Street

General Information

Standard status Active
Size 1,224 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $1,403

Amenities

kitchen
laundry/back room
full basement

Building Details

Building Size 1,224 SF
Year Built 1938
Buildings 1
Stories 1
Listing Agency: RE/MAX Alliance
Listed By: Mike Mihelcic · License #475155256
Source: Exit2newbeginningz
Added: Jul 7 Changed: Aug 28 Last Checked: Aug 29 at 10:20AM

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 RE/MAX Alliance

Investment Insights

Based on property information with market context.

This office property, built in 1938, provides a professional commercial setting with a defined reception area and several private offices. The interior also includes a kitchen, laundry or back-room space, and two half baths, creating a practical configuration for day-to-day business use.

A full basement adds substantial ancillary space for storage or future expansion. The building is located at 312 N Madison Street in Litchfield, Illinois, and is described as clean, bright, and well maintained. Its existing office layout and supporting areas allow an owner or occupant to use the improvements without requiring a major reconfiguration.

Key Highlights

  • Office building constructed in 1938
  • Several private offices with a defined reception area
  • Kitchen, laundry or back‑room space, and two half baths

Property Analytics

Current Use

Coops Customs Auto Parts Store

Suggested Use

Top Pick Real Estate Agency Building Supply Parking Lot & Garage Kitchen & Bath Showroom Electrical Service Plumbing Service

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

652
Businesses Nearby

Demographics for 62056, IL

8,559
Population
4,095
Households
2.1
Avg Household Size
43
Median Age
26%
College-Educated
94%
High-School Grad
107.4 sq mi
ZIP Area
80
Density / Sq Mi
$62,705
Median Household Income
$39,511
Median Earnings
$655
Median Rent
$119,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Multiple private offices, a kitchen, laundry area, and two half baths support daily operations.
Where is this office building located?
The property is located at 312 N Madison Street Litchfield, IL.
What is the asking price?
The asking price for this property is $67,500.
What are key features of this property?
This property features: Office building constructed in 1938; Several private offices with a defined reception area; Kitchen, laundry or back‑room space, and two half baths
More about this property
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