Price listed is Starting Bid Only. Bidding starts closing 7/30/2025 @ 6 p.m. Investment & rehab opportunity in this multi-use building in Hamel, IL. This versatile 3,200± SF commercial/residential property offers exceptional potential just minutes from downtown Hamel and I-55. The main level features 2,399± SF of commercial space previously… Read More operated as a restaurant/bar, complete with a full bar, seating area, galley kitchen, two restrooms, and ample storage. Upstairs, a 2-bedroom, 1-bath apartment with private entrance at the side of the building provides added value or rental income. The apartment includes a full kitchen, living room, and its own HVAC, separating the apartment’s heating and cooling from the commercial space. The property sits on a generous 0.52± acre corner lot, offering front and side parking to accommodate both customers and tenants. The building has public water, electricity, and gas connections and are shared meters across both units. Zoned B-2, General Business District within Madison County zoning authority, any alternate uses outside of current zoning would require county approval. Bring your ideas and unlock the potential of this rare mixed-use property in a prime location! Property will sell under auction terms and be sold AS- IS, WHERE-IS. Seller, will not make any repairs as a result of any building, occupancy, or environmental inspections. Buyer will be required to sign an Auction Purchase & Sale Agreement if final bid is accepted by Sellers. Read Less
Listing courtesy of Adams Auction & Real Estate Services Inc..
Listing Snapshot
Days Online
2
Last Updated
Property Type
Mixed Use
Lot Size
0.52 Acres
Year Built
1930
MLS Number
25045691
30 Days Snapshot Of 62025
$336k
-15%
(avg) sold price
39
+116%
homes sold
46
-13%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Construction Materials: "Other", Year Built: 1930
Cooling
Cooling: "Central Air"
Disclosures
Disclosures: "Other"
Heating
Heating: "Forced Air"
Income
Net Operating Income: 0
Lot
Lot Size Acres: 0.52, Lot Size Source: Public Records
Parking
Carport Spaces: 6, Carport Available
Property
Current Use: "Bar/Tavern/Lounge", "Mixed Use", "Residential", Property Sub Type: Mixed Use
Taxes
Annual Tax Amount: 1044, Tax Legal Description: PT W 1/2 SE 190X120, Tax Year: 2023
Utilities
Electricity Available: "Other", Water Source: "Public"
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