314 E Walnut St Oglesby, IL 61348
Estimated payment $417/month
About This Home
This well-maintained, multi-purpose building is a fantastic opportunity located in the heart of downtown Oglesby, Illinois, just minutes from the scenic beauty of Starved Rock State Park. Offering a perfect blend of commercial and residential space, this property is ideal for investors, business owners, or those seeking a live/work arrangement. The main level features a spacious storefront with excellent visibility on Main Street. Large display windows provide ample natural light and a prime opportunity for showcasing a business. Whether used for retail, office space, or another commercial endeavor, the layout is flexible to accommodate various needs. Behind the building, a large garage with alley access offers additional value, complete with a concrete driveway and off-street parking for approximately five vehicles. This space is perfect for business owners needing extra storage or tenants seeking convenient parking options. The upper level boasts a charming and well-maintained two-bedroom apartment. This darling living space is bright and inviting, making it an excellent option for an owner-occupant or as a rental unit to generate additional income. The combination of commercial and residential elements makes this property a versatile investment with endless possibilities. With its prime location, solid structure, and income potential, this downtown Oglesby building is a rare find. Don't miss out on this unique opportunity-contact us today to schedule a showing!
Property Details
Property Type
- Other
Est. Annual Taxes
- $358
Lot Details
- Property is zoned Commercial
Home Design
- Brick Exterior Construction
- Fire Rated Drywall
- Stucco Exterior
Interior Spaces
- 1,640 Sq Ft Home
- Carpet
- Unfinished Basement
- Partial Basement
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $246 | $14,936 | $3,440 | $11,496 |
| 2023 | $359 | $15,221 | $4,764 | $10,457 |
| 2022 | $245 | $14,359 | $4,494 | $9,865 |
| 2021 | $276 | $14,359 | $4,494 | $9,865 |
| 2020 | $269 | $14,359 | $4,494 | $9,865 |
| 2019 | $289 | $14,359 | $4,494 | $9,865 |
| 2018 | $283 | $14,359 | $4,494 | $9,865 |
| 2017 | $282 | $14,359 | $4,494 | $9,865 |
| 2016 | $297 | $14,359 | $4,494 | $9,865 |
| 2015 | -- | $14,359 | $4,494 | $9,865 |
| 2012 | -- | $14,359 | $4,494 | $9,865 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/02/2025 04/02/25 | For Sale | $69,500 | -- | $42 / Sq Ft |
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202503301
APN: 18-25-404032
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