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Three-Office Building
For Sale
$295,000

318 N Main Street, Monmouth, IL 61462

Commercial Sale, Monmouth Illinois 61462, IL

Property SizeContact for details
Lot Size0.26 Acres
Days on Market273

Property Features for 318 N Main Street

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 3
Half bathrooms 3
Rooms Bathroom 2, Bathroom 3, Bathroom 1
Security features Security System
Subdivision Business District
Standard status Active
APN 09-210-168-00
Lot size 0.26 Acres

Taxes and HOA fees

Tax Annual Amount 5713

Utilities

Heating system Natural Gas, Forced Air
Water source Public

Building Details

Year built 1972
Floors in Building 1
Building materials Brick
Roof type Rubber
Listing Agency: Doyle & Associates Realty, LLC
Listed By: John Doyle
Added: Jan 17 Changed: Oct 16 Last Checked: Oct 17 at 10:06AM
MLS# 11633458

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This office property is arranged as three distinct offices, with one larger than the other two. All three are leased, and Secretary of State Driver's License Services occupies the largest office. Built in 1972, the building has brick construction, a rubber roof, and forced-air heating fueled by natural gas.

The property occupies 0.2603 acres at 318 N Main Street in Monmouth, Illinois. Public water serves the site.

Key Highlights

  • Three separate offices; all are currently leased
  • Secretary of State Driver's License Services occupies the largest office
  • 0.2603‑acre site at 318 N Main Street, Monmouth, Illinois

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Building Supply Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center

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

3
Office units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

613
Businesses Nearby

Demographics for 61462, IL

10,980
Population
4,800
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
142.2 sq mi
ZIP Area
77
Density / Sq Mi
$62,190
Median Household Income
$33,346
Median Earnings
$657
Median Rent
$100,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Three separately leased offices include a larger suite occupied by Secretary of State Driver's License Services.
Where is this office building located?
The property is located at 318 N Main Street Monmouth, IL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Three separate offices; all are currently leased; Secretary of State Driver's License Services occupies the largest office; 0.2603‑acre site at 318 N Main Street, Monmouth, Illinois
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