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129 W MAIN Street
Toulon IL 61483 US

$240,667

Active Listing ID PA1262986
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$240,667

Active Listing ID PA1262986
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129 W MAIN Street Rare Main Street Investment Opportunity - 5 Units + Laundry Income + Unused Finished Basement! Opportunity to acquire one of only 20 buildings located on Main Street in a Stark County community. Positioned on a corner lot, this five-unit mixed-use property offers stable, long-term income with on-site laundry revenue and upside potential through modest rent increases. The property is located next to Toulon Tap, a well-known local bar that contributes to consistent foot traffic and a strong community presence. *The bar and bar building are not included in the sale.* Several units have long-term tenancies, some new tenants, making this a low-turnover asset suitable for investors seeking dependable cash flow in a low-competition market. A public park with playground equipment and a basketball court is located directly behind the property, placing it within walking distance of key town amenities. The area offers a small-town atmosphere supported by surrounding farmland, while remaining approximately 18 minutes from Kewanee, IL. Nearby amenities include Dollar General, City Hall, the local historical society, medical clinic, Stark County schools, and access to the Rock Island Trail. The town hosts regular community events, including Old Settlers Days. Finished basement offers potential for an additional income stream. Property walkthroughs may be scheduled during the inspection period. Do not disturb tenants. Selling at a 9% cap rate with upside potential. Make an offer.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air
  • Floor Covering: Tile
  • Roof Type: Flat, Composition
  • Heating Fuels: Electric (Heating)

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 240667
  • unparsedaddress: 129 W MAIN Street
  • postalcity: Toulon
  • stateorprovince: IL
  • country: US
  • postalcode: 61483
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.094173
  • longitude: -89.86563
  • listagentfullname: Raul Rodriguez
  • listagentemail: realestrealtyllc@gmail.com
  • listagentkey: 3yd-PAARIL-PAP1010646
  • listagentmlsid: PAP1010646
  • listagentpreferredphone: 7863839136
  • listofficekey: 3yd-PAARIL-PAPEXPR
  • listofficemlsid: PAPEXPR
  • disclaimer: Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: PAARIL
  • yearbuilt: 1900
  • listingcontractdate: 2025-12-28
  • listagenturl: https://www.exprealty.com
  • countyorparish: Stark
  • parcelnumber: 04-19-327-004
  • cooling: Central Air
  • constructionmaterials: Brick
  • flooring: Tile
  • heating: Electric (Heating)
  • numberofunitstotal: 5
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • roof: Flat, Composition
  • waterfrontyn: False
  • franchiseaffiliation: None
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -89.86563, 41.094173
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"EXP Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"realestrealtyllc@gmail.com", "ListBrokerageCity":"Schaumburg", "ListBrokerageCountry":"US", "ListBrokerageEmail":"richard.williams@exprealty.net", "ListBrokerageLogoUrl":null, "ListBrokerageName":"EXP Realty", "ListBrokeragePhone":"(630) 688-3114", "ListBrokeragePostalCode":"60173", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"10 N Martingdale Road Suite #400", "ListBrokerageWebsiteUrl":"https://www.exprealty.com", "ListOfficeAddress1":"939 W North Avenue #750", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"PAPEXPR", "ListOfficeCity":"Chicago", "ListOfficeCountry":"USA", "ListOfficeEmail":"il.broker@exprealty.net", "ListOfficePostalCode":"60642", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"COMMERCIAL - Toulon, IL", "ListingURL":null, "MLSModificationTimestamp":"2026-01-14 20:02:14", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2119, "TaxDescription":"LOT:9, 8 SEC/TWN/RNG/MER:SEC 19 TWN 13N RNG 06E ORIGINAL TOWN - CITY OF TOULON~39 1/2 W END LOT 9 & P", "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/14/2026 8:16:02 PM GMT
Source Updated Date: 1/16/2026 12:55:13 PM GMT

Courtesy of: Raul Rodriguez, eXp Realty, realestrealtyllc@gmail.com

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.