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Vacant 15-Unit Apartment Building
For Sale
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407 W Grant St, Macomb, IL 61455

Completely vacant 15-unit building with separately metered units, on-site coin laundry, and brand new windows included.

Property SizeContact for details
Lot Size2.88 Acres
Days on Market122

Property Features for 407 W Grant St

General Information

Standard status Active
Lot size 2.88 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 15

Amenities

laundry room

Building Details

Tenancy Multi
Listing Agency: Ruhl & Ruhl, REALTORS
Listed By: Ashley Link · License #475.186122
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 22 at 3:26PM

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 Ruhl & Ruhl, REALTORS

Investment Insights

Based on property information with market context.

This is a fully vacant 15-unit apartment building with a mix of unit types, including ten one-bedroom units and five two-bedroom units. All units are separately metered, providing individual utility metering for each unit. The sale includes an on-site laundry room with coin-operated laundry, vending machines, and additional included items such as a floor polisher and appliances, along with brand new windows.

The property sits on 2.88 acres and is located within about a mile of Western Illinois University, The Army National Guard, Spoon River College, and McDonough District Hospital, offering convenient proximity to multiple local anchors.

With the building currently vacant, the property presents a reset opportunity for a new owner, supported by the included improvements and amenities that are already on site.

Key Highlights

  • Completely vacant 15‑unit apartment building with separately metered units
  • On‑site coin‑operated laundry with vending machines included
  • Brand new windows included with the sale

Property Analytics

Current Use

Western Apartments Apartment Building

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Restaurant Real Estate Agency Auto Parts Store Storage Facility

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

15
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

137
Businesses Nearby

Demographics for 61455, IL

17,630
Population
8,682
Households
2
Avg Household Size
32
Median Age
39%
College-Educated
95%
High-School Grad
162.5 sq mi
ZIP Area
108
Density / Sq Mi
$45,048
Median Household Income
$19,778
Median Earnings
$739
Median Rent
$117,900
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 - Completely vacant 15-unit building with separately metered units, on-site coin laundry, and brand new windows included.
Where is this apartment building located?
The property is located at 407 W Grant St Macomb, IL.
What are key features of this property?
This property features: Completely vacant 15‑unit apartment building with separately metered units; On‑site coin‑operated laundry with vending machines included; Brand new windows included with the sale
More about this property
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