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Apartment Building with Gymnasium
For Sale
$450,000

352 FRANKLIN Street, Jacksonville, IL 62650

COMMERCIAL - Jacksonville, IL

Property SizeContact for details
Lot Size4.22 Acres
Days on Market334

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

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
kitchen
bathrooms
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 #475160796
Added: Sep 12, 2025 Changed: Aug 4 Last Checked: Aug 11 at 8:06PM
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.

Investment Insights

Based on property information with market context.

Located at 352 Franklin Street in Jacksonville, IL, this brick apartment building was constructed in 1939 and features concrete flooring, a composition roof, hot water heating, and central air with multi-unit cooling. The main floor includes tenant-occupied residential units and a kitchen and bathrooms, while the lower level is complete with a full gymnasium and locker rooms. That lower level is described as having commercial zoning.

The interior layout also includes an auditorium, supporting a flexible mix of residential and commercial-compatible space. Public sewer service is available, and the property notes parking on a spacious lot. Appliances are described as negotiable, and the detailed floorplan is available to review the layout and possibilities.

With residential units on the main level and a commercial-zoned lower level that includes gym and locker room space, the building is suited for buyers seeking a single structure that combines both uses under one roof.

Key Highlights

  • 4.22‑acre lot for residential and commercial‑compatible space
  • Lower level includes a full gymnasium and locker rooms
  • Main floor has tenant‑occupied residential units

Property Analytics

Current Use

Fitness centers & gyms

Location Intelligence

Trade Area within ½ mile

93
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick apartment building with central air, hot water heat, and a full gymnasium on-site.
Where is this apartment building located?
The property is located at 352 FRANKLIN Street Jacksonville, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 4.22‑acre lot for residential and commercial‑compatible space; Lower level includes a full gymnasium and locker rooms; Main floor has tenant‑occupied residential units
More about this property
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