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$419,000 Just Listed
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Property Description
Prime mixed-use opportunity in the north end of the Hampshire Business District, positioned directly on State Street along the village's main downtown corridor. This location delivers excellent visibility and access while benefiting from Hampshire's steady growth and strong connection to the broader Northern Illinois market. The main level features two office units accessed through a shared entry vestibule with a common restroom. Upstairs, a spacious three-bedroom apartment is accessed via a private exterior staircase and offers true hardwood flooring, in-unit laundry, and a large deck overlooking the surrounding area. Additional highlights include a security system, parking for nine vehicles total, a rear garage, and dedicated storage space. Located within highly regarded Community School District 300, this versatile property presents a strong opportunity for owner-occupants or investors seeking income potential in a well-positioned downtown setting.
Full Property Details
Full Property Details for 278 N State St
General
- Price: $419,000
- Taxes: $9,400 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12545495
- Updated: 1/12/2026
- Added to Site: 5 day(s) ago
Additional Information
- Security/Safety: Smoke or Fire Protectors
Location
- Area: Hampshire / Pingree Grove
- County: Kane
- Township: Hampshire
- Driving Directions: RT 72 TO STATE N, PROPERTY WILL BE ON THE LEFT
- Location Details: Northwest Suburban
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Stories/Levels: 2
- Year Built: 1958
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 6,534
- Lot Dimensions: 170 x 20
Financial Considerations
- Lease Price: $2
- Security Deposit: Smoke or Fire Protectors
- Assessment Year: 1958
- Tax Amount: $9,400
- Tax Year: 2024
- Pays Electric: 200
Disclosures and Reports
- Property ID: 121427001
Listed by Legacy Properties, A Sarah Leonard Company, LLC
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Schools
Schools serving 278 N State St
School District:Community Unit School District 300
| Name | Grades | Distance |
|---|---|---|
Gary D Wright Elementary School 1500 Ketchum Road, Hampshire, IL 60140 | K-5 | 2.4 mi |
Hampshire Middle School 560 South State Street, Hampshire, IL 60140 | 6-8 | 0.6 mi |
Hampshire High School 1600 Big Timber Road, Hampshire, IL 60140 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 278 N State St
Date
Details
Price
Change
Source
1/12/2026
Listed
$419,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 278 N State St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$35
3%
$479
11%
2023
$34
6%
$431
9%
2022
$32
7%
$396
6%
2021
$30
—
$374
3%
2021
$30
—
$364
3%
2019
$30
-88%
$352
-88%
2017
$250
1%
$2,838
6%
2016
$247
-1%
$2,668
7%
2015
$249
—
$2,494
3%
2014
$248
755%
$2,412
624%
2018
$29
-88%
$333
-86%
2013
$233
—
$2,412
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 278 N State St
278 N State Street, Hampshire, IL 60140 (MLS# 12545495) is a Commercial property. 278 N State Street is currently listed for $419,000 and was received on January 12, 2026. Want to learn more about 278 N State Street? Do you have questions about finding other Commercial real estate for sale in Hampshire? You can browse all Hampshire real estate or contact a Coldwell Banker agent to request more information.

