221 5Th StLacon, IL 61540

Property Details for 221 5Th St

Lot size

0.00 AC

Property type

Commercial land

APN

04-26-480-016

APU

426480016

Description

This exceptional 2,267 square foot commercial property at 221 5th Street, Lacon, IL, presents a rare investment opportunity. Previously a bank, this historic building boasts stunning original features meticulously preserved. The interior showcases exquisite green and white tile work, imported carpeting, and impressive lighting fixtures, all contributing to a sophisticated and timeless ambiance. Two original bank vaults remain, one in the foyer and another in the basement, both in remarkably good condition – a unique selling point for any prospective buyer. The property's prime downtown Lacon location ensures high visibility and accessibility, making it ideal for a variety of commercial uses, including retail, office space, or even entertainment venues. The building's versatility allows for creative adaptation to suit diverse business needs. Furthermore, the roof was recently replaced in 2024, eliminating immediate maintenance concerns. This is a truly one-of-a-kind property offering a blend of historical charm and modern practicality. Don't miss this chance to own a piece of Lacon's history and establish your business in a vibrant downtown setting. The asking price is $59,000.

• Alternative Use

  Use

  Valuation

  Residential

  $20,667

  Hospitality

  $18,931

  Educational

  $15,751

  Medical

  $16,292

  Retail

  $24,501

Location Insight

City

Lacon

County

Marshall

State

Illinois

Latitude

41.0252

Longitude

-89.4114

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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