Building Details

Buildings 1

Tenancy Multi

Listing Agency: RE/MAX of Rock Valley r***@yahoo.com Show Phone

Listed By: Rebecca Hazzard · License #471019445 Show Phone

Source: Exprealty

Added: Sep 23 Changed: Oct 10 Last Checked: Oct 10 at 2:55AM

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Investment Insights

Based on property information with market context.

This mixed-use property combines two storefronts with five apartments. The residential mix includes three two-bedroom, one-bathroom units, one one-bedroom, one-bathroom unit, and one three-bedroom, one-bathroom unit. The building measures 8,000, with separately metered gas and electric service. Recent work includes flooring and paint updates in several apartments, along with installation of a furnace and water heater.

The property is at 520 Main St in downtown Pecatonica, Illinois.

Key Highlights

• Seven units: two storefronts and five apartments
• Apartment mix includes three 2‑bedroom/1‑bath units, one 1‑bedroom/1‑bath unit, and one 3‑bedroom/1‑bath unit
• PropertySize: 8,000

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Auto Parts Store Dental Office Electrical Service Building Supply

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

5

Residential units

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

170

Businesses Nearby

Explore this area Business Placement

Demographics for 61063, IL

3,901

Population

1,811

Households

2.2

Avg Household Size

42

Median Age

26%

College-Educated

96%

High-School Grad

74.5 sq mi

ZIP Area

52

Density / Sq Mi

$88,063

Median Household Income

$46,214

Median Earnings

$1,079

Median Rent

$155,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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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?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Two commercial storefronts accompany five apartments with a range of bedroom configurations.

Where is this mixed-use property located?

The property is located at 520 Main St Pecatonica, IL.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: Seven units: two storefronts and five apartments; Apartment mix includes three 2‑bedroom/1‑bath units, one 1‑bedroom/1‑bath unit, and one 3‑bedroom/1‑bath unit; PropertySize: 8,000