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Office Building with Full Basement
For Sale
$59,900

312 N Madison Street, Litchfield, IL 62056

Private work areas are complemented by a kitchen, laundry room, and two half baths.

Property Size1,224 SF
Price / SF$48.94
Days on Market110

Property Features for 312 N Madison Street

General Information

Standard status Active
Size 1,224 SF
Property subtype Commercial

Additional Details

Condition Move-in Ready
Property Use Office

Taxes and HOA fees

Annual Taxes $1,403

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: Finehomesbydawn
Added: Jul 7 Changed: Oct 23 Last Checked: Oct 23 at 5:46PM

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

Rey
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Investment Insights

Based on property information with market context.

This 1,224-square-foot office building in Litchfield, Illinois, was built in 1938. Its layout includes an entry area, several private offices, a kitchen, a laundry and utility room, and two half baths. A full basement adds substantial storage space.

The property is located at 312 N Madison Street. Interior features include office space and supporting rooms for day-to-day operations.

Key Highlights

  • 1,224‑square‑foot office building
  • Built in 1938
  • Several private offices with an entry area

Property Analytics

Who owns this building? See the owner, sales and loan history
Open 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Frequently Asked Questions

What type of property is this?
Office building - Private work areas are complemented by a kitchen, laundry room, 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 $59,900.
What are key features of this property?
This property features: 1,224‑square‑foot office building; Built in 1938; Several private offices with an entry area
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