233 5th St

Lacon, IL 61540

$165,000
Price
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Beds
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Baths
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Sq. Ft.
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per Sq. Ft.

Description

Discover an exceptional opportunity to own a high-visibility commercial property in the heart of downtown Lacon! This versatile 3,000 sq. ft. building is ideal for retail, office space, warehouse use, or a mixed-use business. The main level is handicap accessible, featuring a commercial kitchen, a restroom, and an inviting outdoor patio area. The ground level also features a second commercial kitchen and ample storage/office area as well as another restroom. The upper level is a blank canvas ready...Discover an exceptional opportunity to own a high-visibility commercial property in the heart of downtown Lacon! This versatile 3,000 sq. ft. building is ideal for retail, office space, warehouse use, or a mixed-use business. The main level is handicap accessible, featuring a commercial kitchen, a restroom, and an inviting outdoor patio area. The ground level also features a second commercial kitchen and ample storage/office area as well as another restroom. The upper level is a blank canvas ready for a transformation-stripped down to the studs, making it perfect for apartments, additional office space, or custom use. Recent Upgrades: New water heater (2021), sump pump (2024), new front doors (2024), and a brand-new roof (2024). Endless potential whether you're an investor, entrepreneur, or developer, this building provides the flexibility to bring your vision to life. Don't miss this rare opportunity in a prime downtown location!
  1. Listed by Donna Bayler • Local Realty Group, Inc.
    P: (815)-760-2204 C: (815)-760-2204 donnabayler@gmail.com

Property Details for 233 5th Street

Area
Lacon
Air Conditioning Type
Central Air
LISTING UPDATED: 12/01/2025 12:07 AM

Property Details for 233 5th Street

StatusActive
MLS #12319594
Days on Market292
Taxes$1,505 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1900
Lot Size0.03 AC / 1,452 SF
CountyMarshall County

Location

Listing Courtesy of Local Realty Group, Inc.
Add your commute

Building Information for 233 5th Street

Stories2Residences4Year Built1900Lot Size0.03 AC / 1,452 SF

Payment Calculator

$941 per month

30 year fixed, 6.28% Interest

Principal and Interest

$815

Property Taxes

$125

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 233 5th Street

General Information
Location and General Information
  • Geographic Locale: Central Illinois
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Bldg Heat
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 0
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 22X66
  • Lot Size Square Feet: 1452.0
  • Stories: 2
  • Construction: Brick
  • Fire Protection: Fire Extinguisher/s
  • Building Area Total: 3200
  • # Of Offices: 2
  • # Of Ranges: 1
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
Property and Assessments
  • Possible Use: Commercial
  • Public Document Count: 0
  • Document Date: 2025-05-06T13:52:29
  • Photos Count: 28
Miscellaneous
  • Current Use: Commercial
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $3,220.00
  • Insurance Expense Source: Actual
  • Other Expense Source: Actual
  • Total Monthly Income: 0
  • Water Expense Source: Actual
  • Other Expense: $1,312.00
  • Trash Expense: $.00
  • Water Sewer Expense: $576.00

Property History for 233 5th Street

DateEvent & SourcePriceAppreciation
Nov 25, 2025

Price Change

MRED #12319594

$165,000—
Mar 25, 2025

Listed (Active)

MRED #12319594

$175,000—
DateEvent & SourcePrice
11/25/2025

Price Change

MRED #12319594

$165,000
03/25/2025

Listed (Active)

MRED #12319594

$175,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 233 5th Street

Taxable ValueLand$600Additions$12,000Total$12,600
Tax Record2024$1,058 ($88 / month)
Home Facts
Total Finished SqFt1,452 SqFtAbove Grade Finished SqFt1,452 SqFtLot Size1,452 SqFtStyleMiscellaneous CommercialYear Built1900CountyMARSHALLAPN04-26-480-021

Schools near 233 5th Street

This home is within Midland Community Unit School District 7.
Rating
School
Type
Grades
Distance
Midland Elementary School
Public - PK to 4
Midland Middle School
Public - 5 to 8
Midland High School
Public - 9 to 12
Rating
School
Distance
Midland Elementary School
PublicPK to 4

Midland Middle School
Public5 to 8

Midland High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 233 5th Street, Lacon, IL 61540

233 5th Street is a mixed use property for sale in Lacon, IL 61540. This property was listed for sale on March 25, 2025 by Local Realty Group, Inc., it's currently listed at $165,000. This listing's school district is Midland Community Unit School District 7. Nearby schools include Midland Elementary School, Midland Middle School and Midland High School. 233 5th Street is a 0-bed, 0-bath, mixed use property built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Local Realty Group, Inc.

Based on information from one of the following Multiple Listing Services: RMLS Alliance. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by RMLS Alliance is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.