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$60,000
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Property Description
This well-maintained, multi-purpose building is a fantastic opportunity located in the heart of downtown Oglesby, Illinois, just minutes from the scenic beauty of Starved Rock State Park. Offering a perfect blend of commercial and residential space, this property is ideal for investors, business owners, or those seeking a live/work arrangement. The main level features a spacious storefront with excellent visibility on Main Street. Large display windows provide ample natural light and a prime opportunity for showcasing a business. Whether used for retail, office space, or another commercial endeavor, the layout is flexible to accommodate various needs. Behind the building, a large garage with alley access offers additional value, complete with a concrete driveway and off-street parking for approximately five vehicles. This space is perfect for business owners needing extra storage or tenants seeking convenient parking options. The upper level boasts a charming and well-maintained two-bedroom apartment. This darling living space is bright and inviting, making it an excellent option for an owner-occupant or as a rental unit to generate additional income. The combination of commercial and residential elements makes this property a versatile investment with endless possibilities. With its prime location, solid structure, and income potential, this downtown Oglesby building is a rare find. Don't miss out on this unique opportunity-contact us today to schedule a showing!
Full Property Details
Full Property Details for 314 E Walnut St
General
- Sold For: $60,000
- Taxes: $358 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12328500
- Added to Site: 287 day(s) ago
Location
- Area: Jonesville / Oglesby / Vermilionville / Piety Hill
- County: LaSalle
- Driving Directions: East on Walnut Street, property is on the North side of Walnut Street
- Location Details: Central Business District
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Utilities
- Water: Municipal Water
- Onsite: Electricity Available, Natural Gas Available, Sewer Connected
Structural Information
- Construction: Brick, Wood
- Exterior Const.: Brick, Wood
- Foundation: Concrete Perimeter
- Stories/Levels: 2
- Square Feet: 1,640
- Year Built: 1910
Lot Features
- Lot Size (Sq. Ft.): 7,562
- Lot Dimensions: 38 x 199
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Assessment Year: 1910
- Tax Amount: $358
- Tax Year: 2023
Disclosures and Reports
- Property ID: 1825404032
Listed by Coldwell Banker Today's, Realtors
Sold by Coldwell Banker Today's, Realtors
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Schools
Schools serving 314 E Walnut St
School Districts:Lasalle-Peru Township High School District 120, Oglesby Elementary School District 125
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Oglesby, IL 755 Bennett Avenue, Oglesby, IL 61348 | PK-5 | 1.1 mi |
Washington Elementary School, Oglesby, IL 212 West Walnut Street, Oglesby, IL 61348 | 6-8 | 0.4 mi |
La Salle-Peru Twp High School 541 Chartres Street, La Salle, IL 61301 | 9-12 | 3.7 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 314 E Walnut St
Date
Details
Price
Change
Source
8/15/2025
Sold
$60,000
-13.67%
MLS
4/02/2025
Listed
$69,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
314 E Walnut Street, Oglesby, IL 61348 (MLS# 12328500) is a Commercial property that was sold at $60,000 on August 15, 2025. Want to learn more about 314 E Walnut Street? Do you have questions about finding other Commercial real estate for sale in Oglesby? You can browse all Oglesby real estate or contact a Coldwell Banker agent to request more information.

