For sale
$89,900
Retail property
1,892 SF building0.1 acres lot
$48/SF (asking price ÷ building area)
518 N Market StreetMount Carmel, IL 62863
Listing courtesy of SARA STORCKMAN REALTY INC · MyStateMLS #11887409
For saleReduced $85,500 from $225,000
$139,500
3,780 SF buildingBuilt 1920
11 East Side SquareMacomb, IL 61455
Retail property (from the listing description) · Storefront · MLS 11618598 · Listed 326 days ago (Dec 13, 2025)
Active: Listed and available according to the MyStateMLS feed.
About this property
SIGNIFICANT PRICE IMPROVEMENT! Prime Downtown Investment Opportunity on the Historic Macomb Square Well-maintained approximately 3,780 sq. ft. mixed-use commercial building ideally located on the Macomb downtown square with partial basement. The main-level storefront offers excellent visibility and is currently leased for business use. The main-level also includes a half bath. The second floor features two one-bedroom, one-bath apartments, providing additional income potential. Significant updates include a new hot water heater in 2024, with the boiler and roof replaced in 2019. One apartment was fully renovated in 2023, along with a 2023 renovation of the storefront, ensuring modern finishes and reduced capital expense for the next owner. The property is fully leased and generates $2,400 in monthly income, making it a solid turnkey investment in a highly desirable downtown location. Contact the Legacy Land Company listing agent for your private showing!
Description provided by the listing brokerage.
Key facts
- Asking price
- $139,500
- Original list price
- $225,000
- Status
- For sale
- Property type
- RetailFrom the listing description
- Building area
- 3,780 SFSource field AboveGradeFinishedArea
- Year built
- 1920
- MLS number
- 11618598
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.
Price
- Asking price
- $139,500
- Price per SF of building
- $37/SFAsking price ÷ 3,780 SF reported building area
- Annual taxes
- $3,861
Building and site
- Stories
- 2
- Year renovated
- 2023Source field RenovationYear_C
- County
- McDonough County
Investment figures reported in the description
- Occupancy
- 100% (actual or pro forma not stated)"…e next owner. the property is fully leased and generates $2,400 in month…"
These figures are as written by the listing agent, without a stated period or supporting statements. Commercial Only does not calculate or verify them. Ask for rent rolls, operating statements and leases before relying on any figure.
Reported features
- Natural gas (from a listing field)
- Public water (from a listing field)
A mention is not a specification. Confirm power, clear height, doors, parking and code compliance for your use with the listing representative and your own advisers.
Listing details
Flooring
- Carpet
Basement
- Unfinished
Heating
- Hot Water
- Natural Gas
Construction
- Brick
Water
- Public (Water Source)
Sewer
- Other
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Macomb or retail property in Macomb.
Why this listing is on Commercial Only
- Property type as the listing describes it. (description: "…e with partial basement. the main-level storefront offers excellent visibility and is curr…")
- MLS property class detail. (PropertyTypeDetail: comm-building)
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Price and status history
- Original list price reported by the brokerage: $225,000
Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.
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Guides
Listing courtesy of Legacy Land Co LLC. Listing agent: Bill Kennedy. Listings provided by MyStateMLS.
Listing last modified at the source Jul 28, 2026, 7:39 PM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 12:30 PM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.