Renovated Multi-Unit Retail
For Sale
Contact for pricing
502 1st St, La Salle, IL 61301
Four-unit, fully renovated retail building offered for sale with tenants paying water, sewer, electric, and gas.
Property Size5,202 SF
Price / SF$96.02
Days on Market169
Property Features for 502 1st St
General Information
Standard status
Active
Size
5,202 SF
Property subtype
Retail
Zoning
C-3
Occupancy
75%
Lease Type
Modified Gross
Net Operating Income
$41,990
Building Details
Year Built
2025
Year Renovated
2026
Buildings
1
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Real Estate Group
Listed By:
Leah Erickson · License #475.204597
(815) 553-2406
Source:
Crexi
Added: Mar 25
Changed: Sep 8
Last Checked: Sep 9 at 5:23AM
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 Coldwell Banker Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This multi-unit retail building includes 4 units within a 5,202-square-foot structure. Originally built in the early 1900s, the property was completely renovated in 2026, combining historic character with updated improvements. The property is zoned C-3 and is currently operating at a 75% occupancy rate.
The building is located at 502 1st Street in La Salle, Illinois, within the Downtown La Salle Historic District. Tenants pay water, sewer, electric, and gas, which helps define ongoing operating responsibilities.
For investors and retail users looking for a downtown presence, this property offers a renovated, income-producing retail setup with four separate units under a C-3 zoning designation.
The building is located at 502 1st Street in La Salle, Illinois, within the Downtown La Salle Historic District. Tenants pay water, sewer, electric, and gas, which helps define ongoing operating responsibilities.
For investors and retail users looking for a downtown presence, this property offers a renovated, income-producing retail setup with four separate units under a C-3 zoning designation.
Key Highlights
- 5,202 SF building with 4 units, suited for retail or street retail tenants
- Completely renovated in 2026; built in the early 1900s
- Zoned C‑3 and located in the Downtown La Salle Historic District
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Dining 17%
BP
Shops & Services
8,841 visits/mo
0.3 miles
Dollar General
Shops & Services
5,744 visits/mo
0.3 miles
Shell
Shops & Services
5,411 visits/mo
0.3 miles
SUBWAY
Dining
2,007 visits/mo
0.4 miles
Eureka!
Dining
1,988 visits/mo
0.3 miles
Demographics for 61301, IL
10,375
Population
4,832
Households
2.1
Avg Household Size
40
Median Age
15%
College-Educated
87%
High-School Grad
42.3 sq mi
ZIP Area
245
Density / Sq Mi
$59,260
Median Household Income
$35,542
Median Earnings
$1,010
Median Rent
$117,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Valley Flowers — 608 3rd St, La Salle, IL 61301
Frequently Asked Questions
What type of property is this?
Storefront property - Four-unit, fully renovated retail building offered for sale with tenants paying water, sewer, electric, and gas.
Where is this storefront property located?
The property is located at 502 1st St La Salle, IL.
What is the asking price?
The asking price for this property is $499,500.
What are key features of this property?
This property features: 5,202 SF building with 4 units, suited for retail or street retail tenants; Completely renovated in 2026; built in the early 1900s; Zoned C‑3 and located in the Downtown La Salle Historic District
