Listing provided courtesy of Legacy Properties, A Sarah Leonard Company, LLCMREDas Distributed by MLSGrid- MLS# 12671723MLS Provider

278 N State StreetHampshire, IL 60140

Commercial
$380,000 Active

278 N State Street Overview

Time on Site:
21 days
Visits:
0

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.

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278 N State Street Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 200
  • Fuel Expense: 0
  • Gross Income: 450
  • Gross Scheduled Income: 5400
  • Insurance Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1958

Location/Region

  • County Or Parish: Kane
  • MLS Area Major: Hampshire / Pingree Grove
  • Township: Hampshire

Tax Information

  • Tax Annual Amount: $9,400.00
  • Tax Year: 2024

General Information

  • Parcel Number: 0121427007
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale

Interior

Building Information

  • Office SqFt.: 1551
  • Other SqFt.: 1126

General Information

  • Cooling: Central Air
  • Electric: Service - 201 to 600 Amps
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 170x20
  • Lot Size Square Feet: 6534

General Information

  • Number Of Units Total: 3

278 N State Street Neighborhood

Community

60140 (Hampshire) Demographics

40
Median Age
221
Population Density (per sq. mile)
50%
College Educated
$97,737
Estimated Median Income
5,006
Estimated Total Home Owners
1,240
Estimated Total Renters
80% / 20%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

278 N State Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

278 N State Street Market Data

Based on the last 30 days in this zip code

$431,887
Average List Price
$220
Average Price per Square Foot
51
Properties Sold
63
Average Days on Market
212
Properties for Sale
Calculations provided by Reliance Network

278 N State Street History

Date Event Value Agent
6/13/2026Source: MRED Status Change
Active
6/8/2026Source: MRED Added to Database
June 08, 2026