518 Depot Street, Mazon, IL

About 518 Depot Street

PRIME DOWNTOWN MAZON COMMERCIAL BUILDING WITH 4 RENTED APARTMENTS! Attention investors and entrepreneurs-this is a fantastic opportunity to own a well-maintained mixed-use building in the heart of downtown Mazon, offering strong rental income and endless business potential. The main level features approximately 3,000 square feet of commercial space divided into two large storefronts with tall ceilings, great display windows, and separate entrances from Depot Street and the rear parking lot. Each space includes large open space, storage areas, and bathrooms. The layout offers flexibility for retail, office, bar and grill, restaurant, or gaming use, with most of the infrastructure and plumbing already in place to accommodate food service. The roof was replaced in 2024, providing peace of mind for the next owner. Upstairs are four fully rented residential apartments-two 2-bedroom and two 1-bedroom units-with three of the four apartments updated within the past 18 months. All tenants pay their own utilities, and the current monthly residential rental income totals $3,650. Each unit has its own separate electric and water service. The building has some updated plumbing, 400-amp electrical service, and uses city water and sewer. Off-street parking is available in the rear of the building. This property offers both reliable income and significant upside potential. The B-1 zoning allows for a wide variety of business uses, making it ideal for anyone seeking a strong investment property or a live/work opportunity. Whether you're looking to open your own business on the first floor while collecting rent from the apartments above or simply seeking a steady cash-flowing investment, this building delivers on all fronts. Do not disturb tenants. Call or email for full income and expense details or to schedule a private showing.

Listing Map