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Mixed-Use Building with Apartments
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420 Main Street, Warsaw, IL 62379

Two remodeled apartments sit above restaurant, office, and retail space with rear off-street parking.

Property SizeContact for details
Days on Market144

Property Features for 420 Main Street

General Information

Standard status Active
Property subtype Mixed Use

Units

Unit Mix 1 x 2BR, 1 x 1BR w/den
Multifamily Units 2

Additional Details

Gross Income $12,480

Building Details

Buildings 1
Stories 2
Tenancy Multi
Listing Agency: Sutlive Real Estate
Listed By: Steven Siegrist · License #IA S40167
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 12:40PM

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 Sutlive Real Estate

Investment Insights

Based on property information with market context.

This mixed-use property combines ground-floor commercial space with two residential apartments above. The east side of the main level is occupied by a restaurant, while the west side has been recently remodeled and is available for office or high-traffic retail use. The restaurant operator owns the business and appliances within that space.

The upper floor contains two updated apartments. One offers two bedrooms, a living room, dining area, kitchen with appliances, and a bathroom. The second includes one bedroom plus an additional bedroom or den area, along with living and dining areas, a kitchen with appliances, and a bathroom. Both apartments have one-year signed leases. Rear off-street parking and completed brick work add to the property’s physical improvements.

Key Highlights

  • Mixed‑use layout with restaurant, office or retail, and residential components
  • Main‑floor west side recently remodeled for office or high‑traffic retail use
  • East‑side restaurant space includes appliances owned by the business operator

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Hair Salon Storage Facility Cafe & Coffee Shop

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

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

102
Businesses Nearby

Demographics for 62379, IL

1,894
Population
931
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
94%
High-School Grad
98.6 sq mi
ZIP Area
19
Density / Sq Mi
$62,500
Median Household Income
$37,167
Median Earnings
$758
Median Rent
$95,300
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?
Mixed-use property - Two remodeled apartments sit above restaurant, office, and retail space with rear off-street parking.
Where is this mixed-use property located?
The property is located at 420 Main Street Warsaw, IL.
What are key features of this property?
This property features: Mixed‑use layout with restaurant, office or retail, and residential components; Main‑floor west side recently remodeled for office or high‑traffic retail use; East‑side restaurant space includes appliances owned by the business operator
More about this property
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