Investment Opportunity in Downtown La Salle

$499,500

502 1st Street, La Salle, IL 61301

For Sale

Retail

Active

Last Updated: 03/26/2026

Details:

Lot Area: 0.16 acres

Year Built: 1900

Zoning: C-3

Floors: 2

Year Last Renovated: 2025

Offered by Broker

Leah Erickson

Broker

Real Estate Group

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Highlights:

Tax Roll Number: 18-15-333-014
Annual Tax: $ 2810.0
Available Floors: 1
Average Floor Size: 5202.0
Fully Leased Income: $ 52800.0
Gross Income: $ 0.0
Ground Level: true
Max Contiguous Area: 5202.0
Water: Municipal Water
Age: 1-5 Years Old
Lot Size: Under 1/2 Acre
Sewer: City

Description:

Located in the heart of La Salle, IL, this prime retail property is surrounded by a vibrant and bustling community. The area boasts a charming historic downtown district, offering a mix of local boutiques, restaurants, and cafes that attract both residents and visitors alike. Nearby, Starved Rock State Park provides an outdoor haven for hikers and nature enthusiasts, drawing in tourists year-round. With convenient access to major highways and a strong local economy, the location presents an exciting opportunity for retail investors to capitalize on the area's thriving retail scene and potential for continued growth.

Introducing an exceptional investment opportunity at 502 1st Street, La Salle, IL. This prime property features a 5,202 SF building with 4 units, ideal for retail or street retail tenants or investors. Built in the early 1900's and completely renovated in 2026, the property boasts a compelling blend of historic charm and modern amenities. Zoned C-3 and situated in the highly desirable Downtown La Salle Historic District, this property offers a 75% occupancy rate, signaling strong sustained interest. Don't miss the chance to capitalize on this premier retail investment in a thriving commercial district. Tenants pay water, sewer, electric, and gas. Garbage is $50/month/tenant. Additional storage space in the full 8' basement is available for tenants to lease, or for a new buyer to utilize. A shared corridor in the rear of the building is accessible from all 4 tenant spaces and provides access to the basement and exterior decking to First Street. EM payable to Coldwell Banker Real Estate Group via certified funds. DO NOT DISTURB TENANTS or ASK QUESTIONS OF TENANTS.

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