Contact us: 563.441.1776
Description
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 Countys 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!
Property Highlights
Property Type: Commercial - Business
Building Description: 1.0 stories
Available Sqft: 3150
Year Built: 1900
General Information
County: Stark
Listed By:
eXp Realty
Mobile: 786-383-9136
RMLSA
MLS ID: PA1262986
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129 W Main Street, Toulon, IL 61483.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $195,000 | $195,000 | $195,000 |
| Down Payment | $39,000 | $6,825 | $48,750 |
| Monthly Mortgage Amount | $935 | $1,148 | $1,205 |
| Taxes | $271 | $271 | $271 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $86 | $0 |
| Monthly Estimated Total | $1,306 | $1,605 | $1,576 |
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/16/2026. The listing information on this page last changed on 05/16/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 05/16/2026 2:31:53 AM EST) or MRED MLS (last updated Sat 05/16/2026 2:04:07 AM EST) or SCWMLS (last updated Fri 05/15/2026 11:55:14 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 05/15/2026 10:15:33 PM EST) or Cedar Rapids MLS (last updated Fri 05/15/2026 10:44:16 PM EST) or NEIRBR MLS (last updated Sat 05/16/2026 1:18:43 AM EST) or ICAAR MLS (last updated Fri 05/15/2026 11:37:44 PM EST) or ECIMLS (last updated Fri 05/15/2026 11:44:14 PM EST) or RMLSA (last updated Sat 05/16/2026 1:10:55 AM EST) or Muscatine MLS (last updated Sat 05/16/2026 2:00:09 AM EST) or No Coast MLS (last updated Sat 05/16/2026 12:44:28 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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