Prime commercial building in historic Lebanon, IL, offering excellent visibility, steady traffic, and strong long term potential. This 5,514± SF structure has received major capital improvements, including a new roof, updated windows, tuck pointing, a gas and oil separator, and plumbing tied into the main sewer line. These upgrades significantly… Read More reduce near term maintenance and create a solid foundation for redevelopment or immediate occupancy. The property sits on a 0.25± acre lot with public utilities available and convenient access from multiple directions. A rear storage area is currently leased, providing existing income and the option to expand operations later. The building’s layout supports a wide range of commercial uses—retail, office, service based, showroom, or mixed use concepts. Located within downtown Lebanon’s active commercial corridor, the site benefits from consistent local traffic, proximity to established businesses. This is an excellent opportunity for an owner user or investor seeking a well positioned asset with strong visibility and adaptability. Read Less
Listing courtesy of Re/Max Signature Properties.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Commercial Sale
Lot Size
0.25 Acres
Year Built
1896
MLS Number
26023177
30 Days Snapshot Of 62254
$305k
+29%
(avg) sold price
9
+50%
homes sold
34
-19%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Frontage Type: "Alley", "City Street"
Building
Construction Materials: "Other", "Brick", Year Built: 1896
Cooling
Cooling: "None"
Disclosures
Disclosures: "None"
Heating
Heating: "Forced Air"
Income
Net Operating Income: 0
Lot
Lot Size Acres: 0.25, Lot Size Source: Public Records, Lot Size Square Feet: 10890 Sq.Ft.
Property
Current Use: "Other"
Taxes
Annual Tax Amount: 4859, Tax Legal Description: LEBANON, TOWN OF EAST OF PUBLIC SQ LOT/SEC-3-BLK/RG-2 A02706082, Tax Year: 2023
Utilities
Electricity Available: "Other", Utilities: "Electricity Connected", "Natural Gas Connected", "Sewer Connected", "Water Connected", Water Source: "Public"
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