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Two-Story Mixed-Use Property
For Sale
Contact for pricing
Pending

558 S Illinois Street, Monticello, IN 47960

B-2-zoned building combines a commercial ground floor with an upstairs apartment and attached storage options.

Property SizeContact for details
Days on Market143

Property Features for 558 S Illinois Street

General Information

Standard status Pending
Property subtype Retail, Office, Mixed Use
Listing Agency: Real Estate Network L.L.C
Listed By: Bart Hickman · License #IN RB14036686
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 4:09PM

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 Real Estate Network L.L.C

Investment Insights

Based on property information with market context.

This two-story mixed-use property includes a ground-level commercial unit and a one-bedroom, one-bath apartment above. The lower space is occupied on a month-to-month lease and is currently used for pet grooming, while the upper residence provides a separate living or rental component.

The property is located in-town at 558 S Illinois Street in Monticello, Indiana. A new roof was installed in 2015. Storage includes an attached one-car garage and a separate storage shed, adding practical support for both the commercial and residential portions of the building. The property is zoned B-2.

Key Highlights

  • Two‑story mixed‑use building with commercial and residential components
  • Ground‑floor commercial unit leased month‑to‑month for pet grooming use
  • Second level includes a 1‑bedroom, 1‑bath apartment

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Real Estate Agency HVAC Service Dental Office Grocery & Convenience Store Plumbing Service Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

354
Businesses Nearby

Demographics for 47960, IN

15,029
Population
9,757
Households
1.5
Avg Household Size
47
Median Age
18%
College-Educated
91%
High-School Grad
118.3 sq mi
ZIP Area
127
Density / Sq Mi
$61,087
Median Household Income
$38,389
Median Earnings
$852
Median Rent
$179,300
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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Frequently Asked Questions

What type of property is this?
Mixed-use property - B-2-zoned building combines a commercial ground floor with an upstairs apartment and attached storage options.
Where is this mixed-use property located?
The property is located at 558 S Illinois Street Monticello, IN.
What are key features of this property?
This property features: Two‑story mixed‑use building with commercial and residential components; Ground‑floor commercial unit leased month‑to‑month for pet grooming use; Second level includes a 1‑bedroom, 1‑bath apartment
(574) 870-4269 Call to check price and availability
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