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129 W MAIN Street
Toulon IL 61483 US

$240,667

Active Under Contract Listing ID PA1262986
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$240,667

Active Under Contract Listing ID PA1262986
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129 W MAIN Street Main Street Investment Opportunity - 5 Units + Laundry Income + Value-Add Potential Turn-key Investment! Rare opportunity to acquire a five-unit mixed-use investment property located on Main Street in Toulon, IL. Situated on a corner lot in Stark County's central business district, this property offers stable in-place income with additional upside through modest rent increases and improved use of existing space. The building includes five residential units, on-site laundry income, and a basement with potential for an additional revenue stream. Fully occupied, consistent cash flow, attractive low-turnover asset in a limited-inventory rental market. The property is located next to Toulon Tap, a well-known local bar contributing to steady activity and community presence. *The bar and bar building are not included in the sale.* A public park sits directly behind the property, and nearby amenities include Dollar General, City Hall, medical services, Stark County schools (Niche Grade B-), and access to the Rock Island Trail. Conveniently located approximately 18 minutes from Kewanee, IL. Investment Highlights 5 income-producing units Additional laundry revenue Finished basement with income potential Corner Main Street location Stable tenancy with upside opportunity Financial Snapshot Current Monthly Revenue: $2, 850 Pro-Forma Monthly Revenue: $3, 950 Current NOI: $26, 790 Pro-Forma NOI: $39, 990 Projected Cap Rate: ~11% with upside Do not disturb tenants! 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: Composition, Flat
  • 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: Composition, Flat
  • 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":"2026-03-27 17:03:21", "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: 3/27/2026 5:15:57 PM GMT
Source Updated Date: 3/30/2026 7:00:52 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.