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325 S Locust St , Centralia, IL 62801
$269,900
Est. Payment: $1,472.96/mo
10972 Sqft
0.88 Acres
Status: active | Days on site: 8
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98119 - 1060170
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House Description

This one stops you in your tracks! Located in Centralia's TIF 3 District, Greater Centralia Enterprise Zone and DIA, this substantial mixed-use property offers approximately 10,972 square feet of retail, warehouse, storage and residential space-all under one roof. These districts may provide valuable incentives for qualifying future improvements or business investment; buyers should confirm eligibility and available benefits with the appropriate agencies. The main level features approximately 3,120 square feet of open retail space with large storefront windows, plus an additional 4,732-square-foot warehouse in back. Built with the strength and character of an earlier era, the building's substantial brick construction, exposed structural elements and expansive interior speak to just how solidly it was built. The warehouse provides drive-in access with enough room to park approximately three to five vehicles inside while still offering considerable room for storage, inventory or operations. But wait until you see upstairs! The approximately 2,080-square-foot, two-bedroom, 1.5-bath living quarters look like something straight out of HGTV. Floor-to-ceiling windows are the first thing you notice, filling the space with natural light and highlighting the exposed beams and open design. The showstopping kitchen features abundant cabinetry, stainless appliances and an oversized island that anchors the living space. Spacious living and dining areas, stylish finishes and generously sized rooms make this much more than an apartment above a storefront-it is absolutely jaw-dropping. An additional 1,040 square feet of unfinished upper-level storage adds even more flexibility. The upstairs living quarters and downstairs commercial areas are served by separate electric meters. Also included is a 160' x 160' lot, creating an incredible amount of additional parking or room to support future business needs. Add the available street parking, and parking should never be a problem here. Centralia serves a four-county region that includes Marion, Clinton, Jefferson and Washington counties. With a strong history rooted in agriculture, rail, coal and oil, the community remains well positioned for business. Convenient access to St. Louis, Interstates 57 and 64, three major rail lines and Centralia Municipal Airport-including a 5,001-foot runway capable of accommodating corporate aircraft-adds to the property's commercial appeal. Historical newspaper advertisements indicate the building was once associated with Centralia automobile dealerships, including Lincoln-Mercury and Edsel sales in the 1950s. Today, it offers the next owner nearly endless possibilities: operate a business and live upstairs, lease the residential or commercial portions for income, create multiple business spaces, or reimagine the property entirely. The real estate is being offered for sale; the existing business and inventory may be available through a separate agreement.

Highlights

Listed by MELISSA JARRELL , 618-927-6342 Equity Realty Group , 618-526-0021. Midwest Real Estate Data mls logo

Property Type

Commercial Sale

Lot/Acreage
0.88

Year Built

1923

County

Marion

Area

Centralia

Listing ID

12734593

Questions about this listing?

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Interior Features

Air Cond:Central Air
Fireplaces:
Floor:Concrete,Tile,Varies,Wood
Water:Municipal Water

Exterior Features

Lot Dimensions:240x160
Zoning:COMMR
Roof:Rubber
Parking Features:19-30 Spaces,1-5 Spaces
Principal Interest
$1,473
Taxes
$505

Home Price

$269,900

Loan Details

30 yrs
7.25%

Down Payment

20%
$53,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,472.96

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,472.96 $504.86 $0.00 $1,977.81
Yearly $17,675.46 $6,058.26 $0.00 $23,733.72
Total $530,263.81 $181,747.80 $0.00 $712,011.61
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Market insight data is pulled from the same city as the listing being viewed (Centralia, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. 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. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T14:56:06.000Z

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