Building Details

Tenancy Multi

Listing Agency: RE/MAX Realty Associates

Listed By: Russ Taylor · License #IL 471001422

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Sep 1 at 6:35PM

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Investment Insights

Based on property information with market context.

This mixed-use property at 501 West Bridge Street includes three established renters currently in place. The asset is located in Monticello, Illinois, with a 61856 ZIP code.

Key Highlights

• Three established renters currently in place
• 501 West Bridge Street, Monticello, IL 61856

Property Analytics

Property Profile

Current Use

Re/Max Realty Associates Real Estate Agency Matthew Foster, RE/MAX ... Real Estate Agency The Foster Team Real Estate Agency

Suggested Use

Top Pick Restaurant Real Estate Agency Auto Parts Store Big Box & Wholesale Store Building Supply Parking Lot & Garage

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

448

Businesses Nearby

Explore this area Business Placement

Demographics for 61856, IL

7,933

Population

3,492

Households

2.3

Avg Household Size

44

Median Age

40%

College-Educated

96%

High-School Grad

107.9 sq mi

ZIP Area

74

Density / Sq Mi

$94,841

Median Household Income

$52,577

Median Earnings

$1,045

Median Rent

$214,500

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three established renters are currently in place at this mixed-use property.

Where is this mixed-use property located?

The property is located at 501 West Bridge Street Monticello, IL.

What are key features of this property?

This property features: Three established renters currently in place; 501 West Bridge Street, Monticello, IL 61856