325 S Locust Street Centralia, IL $ 269,900
325 S Locust Street
$ 269,900
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325 S Locust Street

Centralia, IL, 62801
$ 269,900
Bedrooms-- Baths-- Sq 10,972

Monthly Estimate*

$ 1,704

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Commercial Property for sale in Centralia, IL

for $269,900. This 10,972 square foot building was built in 1923 on a lot size of 0.88.

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.

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Commercial Active

Price

$ 269,900

Property Type

Commercial

Taxes

$ 6,058

Style

Commercial

Lot Size

0.88

Year Built

1923

Town/City

Centralia

County/Region

Marion

MLS | Web ID

12734593

Features
General
Cooling Central Air
Utilities Electric to Site Natural Gas Available Sewer Connected
Possession Closing
Roof Rubber
Zoning COMMR
Construction Materials Brick Steel Siding Wood
Year Built 1923
Electric Separate Meters Service - 101 to 200 Amps
Stories Count 2
Township Centralia
Property Subtype Mixed Use
Tax Year 2025
Current Use Commercial Other
Gross Income 12000
Additional Parcels Description 1400053535
County Marion
Insurance Expense 4884
Property Type Commercial Sale Mixed Use
Status Active
Directions From the intersection of U.S. Route 51/Poplar Street and Broadway travel east on Broadway to Locust Street. Turn right (south) onto Locust and continue to 325 S. Locust Street.
City Centralia
Number Of Units Total 1
MLS Area Centralia
Lot Size Square Feet 38400
Tax Annual Amount 6058.26
Electric Expense 12252
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 690
Additional Parcels Y/N Y
Virtual Tour https://harris-photography.aryeo.com/videos/019ffde7-9307-701c-b875-c4390cf4b093
Standard Status Active
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Interior
Flooring Concrete Tile Varies Wood
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Exterior
Water Source Municipal Water
Building Area Total 10972
Lot Dimensions 240x160
Lot Size Acres 0.88
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* Excluded Features
List By
Equity Realty Group

Broker

Melissa@equity55.com

Email

Affordability Calculator

$2,209
Per Month
77%
23%
0%
Monthly Principal & Interest
$1,704
Monthly Property Taxes
$505
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/17/2026$269,900 Listed Price

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325 S Locust Street, Centralia, IL, 62801 is a Commercial Property for sale at $269,900 with 10,972 sqft and a lot size of 0.88. 325 S Locust Street was built in 1923. The property's zip code is 62801 which is in Centralia, IL