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    Pay-to-Park Parking Lot Package

    517 E MONROE Street Metamora, IL 61548

    Claim this Listing
    For Sale
    $700,000

    COMMERCIAL - Metamora, IL

    Lot size:
    0.53 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    104
    Last Refresh:
    Jul 12 at 1:06 pm

    Property Features for 517 E MONROE Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    09-17-405-007
    Lot size
    0.53 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    T27N - R2W - S17 LOTS 7 8 9 10 11 12 BLK 2 T27N - R2W - S17 S 20' LT 3 & ALL LTS 4 5 6 BLK 2
    Tax Annual Amount
    9224

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1967
    Floors in Building
    2
    Number of units
    8
    Flooring type
    Carpet, Tile
    Building materials
    Brick, Aluminum Siding, Vinyl Siding, Frame
    Roof type
    Asphalt

    Listing agent Chris Rothan

    Listing office eXp Realty 114 W Stratford Dr Suite E, Schaumburg, IL

    Listing date Mar 31, 2026

    MLS# PA1265242

    Copyright © 2026 RMLS Alliance. 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 offering is part of a two-parcel package sale, and the buyer must acquire both parcels together. Parcel one includes three multi-unit residential buildings totaling eight units, including 407 Morgan St (two units), 517 E Monroe (four units), and 519 E Monroe (two units). Parcel two features a pay-to-park lot with 49 income-producing parking spaces.

    The property is zoned commercial. The apartment portfolio is described as nearly fully occupied, with one current vacancy already vetted with a qualified new tenant. The remarks also note that most units have been updated.

    Additional operational upside is described in the remarks, including value-add potential through an additional unit that can be finished out within one of the apartments, as well as an opportunity for outdoor storage units.

    Key Highlights

    • Package includes three multi‑unit apartment buildings with 8 total residential units at 407 Morgan St, 517 E Monroe, and 519 E Monroe
    • Nearly fully occupied apartment portfolio with one current vacancy; one vacancy is already vetted with a qualified new tenant
    • Pay‑to‑park lot included with 49 income‑producing parking spaces for additional revenue

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Real Estate Agency Dental Office Auto Repair Shop Big Box & Wholesale Store Grocery & Convenience Store Plumbing Service (Bike/Boat/Book/etc) Store Furniture & Home Goods HVAC Service Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Off Market Nearby

    • U-Haul Neighborhood Dealer — 520 W Mt Vernon St, Metamora, IL 61548
    • U-Haul Neighborhood Dealer — 410 E Chatham St, Metamora, IL 61548

    FAQs

    What type of property is this?
    Parking lot & garage - Pay-to-park lot with 49 spaces is sold as part of a two-parcel package including an eight-unit apartment portfolio.
    Where is this parking lot & garage located?
    The property is located at 517 E MONROE Street Metamora, IL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Package includes three multi‑unit apartment buildings with 8 total residential units at 407 Morgan St, 517 E Monroe, and 519 E Monroe; Nearly fully occupied apartment portfolio with one current vacancy; one vacancy is already vetted with a qualified new tenant; Pay‑to‑park lot included with 49 income‑producing parking spaces for additional revenue
    Contact an agent
    (309) 868-2841
    We can help!
    Contact an agent
    Chris Rothan
    Chris Rothan
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