Storefront Retail Building with Updated
For Sale
$89,900
518 N Market Street, Mount Carmel, IL 62863
COMMERCIAL - Mount Carmel, IL
Property Size1,892 SF
Lot Size0.10 Acres
Price / SF$47.52
Days on Market85
Property Features for 518 N Market Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
High school district
Wabash CUSD 348
Standard status
Active
APN
11-20-417-018
Size
1,892 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1540
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
1
Building materials
Wood Siding, Brick
Roof type
Flat
Listing Agency:
SARA STORCKMAN REALTY INC
(618) 262-7698
Listed By:
Amy Pettyjohn
Added: Jun 9
Changed: Aug 4
Last Checked: Sep 1 at 6:06AM
MLS# 11887409
Copyright © 2026 My State 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.
Storefront retail building at 518 N Market Street in Mount Carmel, IL, offering 1,892 square feet of interior space on a 0.0986-acre lot. The building’s exterior is constructed with wood siding and brick, and it features a flat roof.
Recent updates include newly epoxied flooring, a brand-new electric water heater, and refreshed interior and exterior finishes. The property is heated with forced air using natural gas, and water service is public. The layout includes a bathroom 1.
Built in 1900, this storefront space is suited for an operator seeking a visible, established downtown-style location with practical on-site improvements already completed.
Recent updates include newly epoxied flooring, a brand-new electric water heater, and refreshed interior and exterior finishes. The property is heated with forced air using natural gas, and water service is public. The layout includes a bathroom 1.
Built in 1900, this storefront space is suited for an operator seeking a visible, established downtown-style location with practical on-site improvements already completed.
Key Highlights
- 1,892 SF storefront retail building at 518 N Market Street, Mount Carmel, IL
- 0.0986‑acre lot with wood siding and brick exterior
- Recently updated with newly epoxied flooring and a brand‑new electric water heater
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
69k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 49%
Electronics 1%
Home Improvements & Furnishings 1%
McDonald's
Dining
13,323 visits/mo
0.4 miles
Casey's General Store
Shops & Services
10,668 visits/mo
0.5 miles
Burger King
Dining
8,286 visits/mo
0.3 miles
Dollar General
Shops & Services
7,422 visits/mo
0.2 miles
Dollar Tree
Shops & Services
7,091 visits/mo
0.4 miles
Demographics for 62863, IL
9,607
Population
4,608
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
93%
High-School Grad
147.3 sq mi
ZIP Area
65
Density / Sq Mi
$52,073
Median Household Income
$38,882
Median Earnings
$772
Median Rent
$104,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Fern's — 130 W 8th St, Mt Carmel, IL 62863
- KBlooms A Flower Shop — 130 W 8th St, Mt Carmel, IL 62863
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront with recently improved interior finishes, public water, and forced-air natural gas heating.
Where is this storefront property located?
The property is located at 518 N Market Street Mount Carmel, IL.
What is the asking price?
The asking price for this property is $89,900.
What are key features of this property?
This property features: 1,892 SF storefront retail building at 518 N Market Street, Mount Carmel, IL; 0.0986‑acre lot with wood siding and brick exterior; Recently updated with newly epoxied flooring and a brand‑new electric water heater
