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Downtown Storefront with Office Suites
For Sale
$159,900

320 N Main Street, Roanoke, IL 61561

COMMERCIAL - Roanoke, IL

Days on Market272

Property Features for 320 N Main Street

General Information

Property type Commercial Sale
Property subtype Retail
Zoning RTAIL
Directions Hwy 24 to 1700 and turn North. Go to Hwy 116 and turn Right until you get to Main St & turn Left.
Subdivision Roanoke
Standard status Active
APN 1014303003

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 1892

Utilities

Cooling system Central Air

Building Details

Year built 1900
Floors in Building 1
Building materials Vinyl Siding, Brick
Listing Agency: RE/MAX Choice · RE/MAX International
Listed By: Willow Gramm · License #475132109
Added: Nov 1, 2025 Changed: Jun 30 Last Checked: Jul 30 at 8:06PM
MLS# 12507868

Copyright © 2026 Midwest Real Estate Data, LLC. 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 property combines storefront frontage with private office spaces and conference rooms within a live/work configuration. The main level includes a kitchen with a breakroom area, cabinet space, and a dining area, along with a full bathroom. The basement adds additional utility with a small kitchen area featuring a refrigerator and stove, two pantries, a large family room, a full bathroom, and a private room space.

Set in downtown Roanoke at 320 N Main Street, the building is positioned to serve both business and daily living needs. Seller notes the property previously operated as mixed use with office space and living quarters, and it is presented as clean and ready for a new owner. The seller also advises buyers to confirm permitted uses with the Village of Roanoke, as no warranties are provided regarding what the space can be used for.

For buyers looking for an adaptable workplace, this setup can support a storefront operation alongside office and meeting space, while retaining added interior rooms and bathrooms for flexibility. The presence of kitchens on both levels, combined with the conference and private office areas, may appeal to owner-operators seeking an integrated arrangement. A newer roof installed in 2023 is a meaningful recent improvement for ongoing occupancy planning.

Key Highlights

  • Unique mixed‑use property in downtown Roanoke.
  • Includes storefront, private offices, and conference rooms.
  • Two kitchens (main level and basement) with dining/breakroom areas.

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Building Supply Real Estate Agency Dental Office Parking Lot & Garage Big Box & Wholesale 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.

Location Intelligence

Trade Area within ½ mile

146
Businesses Nearby

Demographics for 61561, IL

2,610
Population
958
Households
2.7
Avg Household Size
43
Median Age
25%
College-Educated
95%
High-School Grad
56.3 sq mi
ZIP Area
46
Density / Sq Mi
$77,143
Median Household Income
$50,038
Median Earnings
$1,091
Median Rent
$150,400
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?
Live-work space - Mixed live/work layout with storefront space, private offices, and multiple bathrooms, plus a newer roof installed in 2023.
Where is this live-work space located?
The property is located at 320 N Main Street Roanoke, IL.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Unique mixed‑use property in downtown Roanoke.; Includes storefront, private offices, and conference rooms.; Two kitchens (main level and basement) with dining/breakroom areas.
More about this property
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