325 S Locust Street
Centralia, IL, 62801 $ 269,900
Bedrooms-- Baths-- Sq 10,972 Monthly Estimate*
$ 1,704
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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FeaturesGeneralCooling 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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InteriorFlooring Concrete Tile Varies Wood
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ExteriorWater Source Municipal Water
Building Area Total 10972
Lot Dimensions 240x160
Lot Size Acres 0.88
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* Excluded FeaturesList ByEquity Realty GroupBroker
Melissa@equity55.comEmail
Affordability Calculator
- 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.
Learn more about how to save NearbyCommerical listings in Centralia, IL
Average List Price $269,491
Percent of Sale Price 0%
About Centralia, IL 12,227 Population
-15% Since 2002
$ 33,874 Median Income
41.09 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/17/2026 | $269,900 | | Listed Price |