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Office Building with Full Basement
For Sale
$67,500

312 N Madison Street, Litchfield, IL 62056

Commercial Sale, Litchfield, IL

Property SizeContact for details
Lot Size0.07 Acres
Days on Market49

Property Features for 312 N Madison Street

General Information

Property type Commercial Sale
Property subtype Other
Subdivision City/Litchfield
Standard status Active
APN 10-33-362-002
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PT LOT 4 BLK 21 LOTS IN LITCHFIELD 9-5-892 S T00 R
Tax Annual Amount 1403
Legal Description PT LOT 4 BLK 21 LOTS IN LITCHFIELD 9-5-892 S T00 R

Utilities

Heating system Forced Air, Natural Gas
Cooling system Central Air, Electric
Water source Public

Amenities

kitchen
laundry/back room
half baths
full basement

Building Details

Year built 1938
Floors in Building 1
Building materials Stucco
Listing Agency: RE/MAX Alliance · RE/MAX International
Listed By: Mike Mihelcic · License #475155256
Added: Jul 8 Changed: Aug 24 Last Checked: Aug 25 at 12:06PM
MLS# 26043004

Copyright © 2026 Mid America Regional Information Systems, Inc. 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 stucco office building at 312 N Madison Street in Litchfield was constructed in 1938 and offers a practical arrangement for professional operations. The interior includes a defined entry, multiple private offices, a kitchen, a laundry or back-room area, and two half baths. A full basement adds substantial storage or adaptable interior area.

Building systems include forced-air heating fueled by natural gas and central air conditioning powered by electricity. The property is served by public water and is located in Litchfield, Montgomery County, Illinois, within ZIP code 62056.

Key Highlights

  • Full basement provides storage or additional interior area
  • Multiple private offices with a defined entry
  • Kitchen, laundry or back‑room area, 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 - Professional commercial layout includes private offices, a kitchen, laundry area, and two half baths.
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: Full basement provides storage or additional interior area; Multiple private offices with a defined entry; Kitchen, laundry or back‑room area, and two half baths
More about this property
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