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Mixed-Use Building with Apartments
New
For Sale
$139,500

421 Main Street, Warsaw, IL 62379

Commercial Sale, Warsaw, IL

Property SizeContact for details
Days on Market2

Property Features for 421 Main Street

General Information

Property type Commercial Sale
Property subtype Other
Parking features Offsite
Basement Partial, Unfinished
Appliances Range, Refrigerator
Directions At 6th and Main St go west toward the river to address shown
Standard status Active
APN 15-09-328-000

Taxes and HOA fees

Tax Year 2025
Tax Description S09 T4 R9 O T E 5' W1/3 & ALL CENT 1/3 LT 4 & CENT 1/3 LT 7 BLK 36
Tax Annual Amount 1266
Legal Description S09 T4 R9 O T E 5' W1/3 & ALL CENT 1/3 LT 4 & CENT 1/3 LT 7 BLK 36

Utilities

Heating system Forced Air, Baseboard
Water source Public

Amenities

deck area

Building Details

Year built 1880
Number of units 3
Building materials Brick, Wood Siding
Roof type Flat, Asphalt
Architectural style Other
Listing Agency: The People's Real Estate
Listed By: Steven Siegrist · License #***
Added: Oct 5 Changed: Oct 6 Last Checked: Oct 6 at 11:06PM
MLS# 6343412

Copyright © 2026 NoCoast MLS. 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 1880 mixed-use building has a bakery tenant on the main floor; the bakery business and its equipment are not included in the sale. Two apartments occupy the upper level: a rear two-bedroom unit with front and rear entrances and deck access, and a front one-bedroom unit used as an Airbnb. Recent restoration work and updates have been completed. The building has brick and wood siding, a flat asphalt roof, baseboard and forced-air heating, and public water. Range and refrigerator appliances are included.

Parking is available along Main Street, with additional space for several vehicles at the rear.

Key Highlights

  • 1880 mixed‑use building with a ground‑floor bakery tenant; bakery business and equipment excluded
  • Two second‑floor apartments: rear two‑bedroom unit and front one‑bedroom unit
  • Rear apartment has front and rear entrances and access to a deck

Property Analytics

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Current Use

Chipper's Lounge Bar & Pub

Suggested Use

Top Pick Grocery & Convenience Store Furniture & Home Goods (Bike/Boat/Book/etc) Store 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - A ground-floor bakery tenant and two second-floor apartments provide a combination of commercial and residential space.
Where is this mixed-use property located?
The property is located at 421 Main Street Warsaw, IL.
What is the asking price?
The asking price for this property is $139,500.
What are key features of this property?
This property features: 1880 mixed‑use building with a ground‑floor bakery tenant; bakery business and equipment excluded; Two second‑floor apartments: rear two‑bedroom unit and front one‑bedroom unit; Rear apartment has front and rear entrances and access to a deck
More about this property
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