Retail

Mount Carmel, IL Retail Space for Sale

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Retail Building with Billboard Income
Updated: Mar 4
Retail Building with Billboard Income

1627 W 9th Street, Mount Carmel, IL 62863

$194,000
2,544 sqft 0.69 AC lot
50' x 50' commercial building with about 2,544 SF interior space
Built in 1992 on a slab foundation
Roof updated in 1999; HVAC systems modernized in 2010
Separate front and rear spaces
Includes an income‑generating billboard managed by LaMar Outdoor
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Move-In Ready Retail Storefront
Updated: Jun 9
Move-In Ready Retail Storefront

518 N Market Street, Mount Carmel, IL 62863

$89,900
1,892 sqft 0.10 AC lot
1,892‑square‑foot commercial building in Mount Carmel’s uptown business district
Year built 1900 with wood siding and brick exterior construction
Flat roof; forced‑air heating with natural gas
Public water source
Recent updates include newly epoxied flooring and a brand‑new electric water heater
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Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Mount Carmel, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Multi-Tenant Retail Property For Sale
Multi-Tenant Retail Property For Sale

2301 James St, Lawrenceville, IL 62439

$1,200,000
11,928 sqft

Multi-tenant property with Dollar General and liquor store tenants.

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Versatile Retail-Office Storefront
Versatile Retail-Office Storefront

1317 Washington Avenue, Vincennes, IN 47591

$119,900
876 sqft

Open floor plan with a 9-space parking lot, supporting flexible retail or office use with straightforward tenant build-out.

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Drive-Thru Restaurant Building
Drive-Thru Restaurant Building

1310 State Street, Lawrenceville, IL 62439

$300,000
1.30 AC lot

Freestanding building with existing drive-thru, multiple access points, and ample parking along a main commercial corridor.

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Corner Retail Building with Apartments
Corner Retail Building with Apartments

118 A N 2nd Street, Vincennes, IN 47591

$170,000
0.08 AC lot

Corner-lot commercial building with street-level storefront space and second-floor rental apartments, serviced by full public utilities.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime PUD-Zoned Land Opportunity
Prime PUD-Zoned Land Opportunity

3229 State Road 207, Elkton, FL 32033

$1,599,000
900 sqft 2.07 AC lot

2.07 acres of PUD-zoned land in a growing corridor.

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Mount Carmel, IL Retail Space Market Trends and Statistics

Explore 2 retail space for sale in Mount Carmel, IL on our real estate platform. These investment opportunities span a total of 4,436 square feet of properties for sale, with an estimated market value of $283,900.

Sale prices for retail space in Mount Carmel, IL start at $89,900, averaging $141,950, and reaching up to $194,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Storefront properties 2

Demographics Overview

Population 9,438
Population Growth (5Y) -3.9%
Median Household Income $52,073
College Educated 25.7%

Taxes & Financing

Tax Rate (average for all types) 7.07%
Tax Rate vs County Average 0.03 pp above county avg
Average Loan-to-Value 65.0%

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