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Listing provided courtesy of Coldwell Banker Allen & GearyMREDas Distributed by MLSGrid- MLS# 12552131MLS Provider

320 W BROADWAY AvenueCentralia, IL 62801

Commercial · 1,516 Sq. ft.
$42,000 Active

320 W BROADWAY Avenue Overview

Time on Site:
160 days
Visits:
0

Here's your chance to own a commercial property located on Broadway in the heart of Centralia's downtown district. This small and mangeable building offers a great opportunity for investors, entrepreneurs, or business owners looking for an affordable space with strong potential. The bulding features a simple layout with a front facing main entrance and windows for visibility, a flexible main space, and a room in the back for storage or expansion. Its size makes it easy to maintain, and its location offers convenient access to major streets and local amenities. Whether you're looking to open a storefront, office, or studio, this property provides a solid foundation with room to grow.

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320 W BROADWAY Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 1,516
  • Price/Sq.ft. $28

Details

General

Income/Expenses

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

Building Information

  • Year Built: 1950

Location/Region

  • County Or Parish: Marion
  • MLS Area Major: Centralia
  • Township: Centralia

Tax Information

  • Tax Annual Amount: $924.22
  • Tax Year: 2024

General Information

  • Parcel Number: 1400051805
  • Possible Use: Other
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale

Interior

Building Information

  • Office SqFt.: 155
  • Other SqFt.: 89
  • Retail SqFt.: 974

Building Interior

  • Building Area Total: 1516

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Flooring: Wood
  • Stories: 1

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 22x80
  • Lot Size Square Feet: 1760
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Block, Aluminum Siding
  • Roof: Membrane

General Information

  • Number Of Units Total: 1

320 W BROADWAY Avenue Neighborhood

Community

62801 (Centralia) Demographics

42
Median Age
153
Population Density (per sq. mile)
25%
College Educated
$43,682
Estimated Median Income
6,178
Estimated Total Home Owners
2,330
Estimated Total Renters
73% / 27%
Estimated Owner / Renter Divide
2
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.

320 W BROADWAY Avenue Monthly Cost

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$ %
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$
$
Randall Fowlkes
* 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.

320 W BROADWAY Avenue Market Data

Based on the last 30 days in this zip code

$190,868
Average List Price
$94
Average Price per Square Foot
8
Properties Sold
89
Average Days on Market
64
Properties for Sale
Calculations provided by Reliance Network

320 W BROADWAY Avenue History

Date Event Value Agent
1/31/2026Source: MRED Status Change
Active
1/26/2026Source: MRED Price Reduction
$42,000 -6.7%
1/26/2026Source: MRED Status Change
Price Change
1/21/2026Source: MRED Added to Database
January 21, 2026