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Mixed-Use Building with Gymnasium

352 FRANKLIN Street, Jacksonville, IL 62650

For Sale
$415,000

Commercial Sale, Jacksonville, IL

Property SizeContact for details
Lot Size4.22 Acres
Days on Market429

Property Features for 352 FRANKLIN Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Mix
Directions From Morton, turn right onto S Clay Ave, left onto Franklin St. Destination will be on the right
Standard status Active
APN 09-21-311-027
Lot size 4.22 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2024
Tax Description RNG/BLK: TWP:0 SECT/LOT: CITY OF JACKSONVILLE OWENS SUBDIVISION LTS 1 THRU 6 INCL DOCKET NO 7669-2 A
Tax Annual Amount 5399
Legal Description RNG/BLK: TWP:0 SECT/LOT: CITY OF JACKSONVILLE OWENS SUBDIVISION LTS 1 THRU 6 INCL DOCKET NO 7669-2 A

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating)
Cooling system Central Air, Multi Units

Amenities

gymnasium
locker rooms
auditorium

Building Details

Year built 1939
Floors in Building 2
Number of units 6
Flooring type Concrete
Building materials Brick
Roof type Composition
Listing Agency: The Real Estate Group, Inc.
Listed By: Clayton Yates · License IL #475160796
Added: Sep 12, 2025 Changed: Nov 9 Last Checked: Nov 13 at 11:06PM
MLS# CA1039191

Copyright © 2026 RMLS Alliance. 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.

Built in 1939, this brick mixed-use property combines residential occupancy with substantial institutional-style improvements across a 4.22-acre site. The main floor is zoned residential and contains tenant-occupied units. A commercially zoned lower level includes a full gymnasium, locker rooms, kitchen, bathrooms, and an auditorium, creating a broad range of existing spaces within the building. Concrete flooring, hot water heating, central air, and multiple cooling units are in place, along with a composition roof and public sewer service.

The property includes a spacious parking area and is located in Jacksonville, Illinois, within Morgan County. Appliances are negotiable, and a detailed floorplan is available to illustrate the interior arrangement. The combination of residential units, commercial zoning, and large-format gathering and activity areas provides a distinctive mixed-use configuration.

Key Highlights

  • 4.22‑acre mixed‑use property in Jacksonville, Illinois
  • Main floor zoned residential with tenant‑occupied units
  • Lower level includes a full gymnasium and locker rooms

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Schools

Location Intelligence

Trade Area within ½ mile

739
Businesses Nearby

Demographics for 62650, IL

24,891
Population
11,213
Households
2.2
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
197.8 sq mi
ZIP Area
126
Density / Sq Mi
$64,137
Median Household Income
$40,101
Median Earnings
$705
Median Rent
$142,600
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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Tenant-occupied residential units occupy the main floor, with a commercially zoned lower level and substantial interior amenities.
Where is this mixed-use property located?
The property is located at 352 FRANKLIN Street Jacksonville, IL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 4.22‑acre mixed‑use property in Jacksonville, Illinois; Main floor zoned residential with tenant‑occupied units; Lower level includes a full gymnasium and locker rooms
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