Opportunity awaits at 1070 W. Main St., Olney, IL. This approximately 0.45-acre commercial-zoned property offers an affordable opportunity for future development along West Main St. The property is being offered primarily for its land and commercial potential. Existing structures are in poor condition and are being sold AS-IS. For safety and liability reasons, no interior access to any structures will be permitted. Whether you're looking for an affordable commercial site, redevelopment opportunity, or investment property, take a look at the possibilities this location may offer. Buyer should independently verify zoning, permitted uses, utilities, access and suitability for buyer's intended use.
Under contract
Price cut: $2K (8/31)
$11,500
1070 W Main St, Olney, IL 62450
0beds
0baths
--sqft
Single Family Residence
Built in ----
0.45 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 30 days
- 354
- 5
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Rebecca Miller 618-843-7634,
Richland County Realty
Source: My State MLS,MLS#: 11939915
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Basement
- Area: 0
Heating
- Has Heating (Unspecified Type)
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 0
- Finished area above ground: 0
Property
Lot
- Size: 0.45 Acres
Details
- Parcel number: 1104250038
- Lease amount: $0
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 0
Utilities & green energy
- Electric: Amps(0)
- Sewer: Municipal
- Water: Municipal
Community & HOA
HOA
- Has HOA: No
Location
- Region: Olney
Financial & listing details
- Tax assessed value: $13,899
- Annual tax amount: $1,055
- Date on market: 8/18/2026
- Date available: 08/18/2026
- Listing agreement: Exclusive
Estimated market value
Not available
Estimated sales range
Not available
$950/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Contingent | $11,500 |
Source: My State MLS #11939915 Report a problem | ||
| 8/31/2026 | Price change | $11,500-14.8% |
Source: My State MLS #11939915 Report a problem | ||
| 8/18/2026 | Listed for sale | $13,500 |
Source: My State MLS #11939915 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,055 +5.4% | $13,899 +8% |
| 2023 | $1,002 +4.8% | $12,870 +8% |
| 2022 | $956 -0.3% | $11,917 +5% |
| 2021 | $959 +1% | $11,350 +2% |
| 2020 | $949 -1% | $11,127 |
| 2019 | $958 | $11,127 |
| 2018 | -- | $11,127 +1% |
| 2017 | -- | $11,017 +5% |
| 2016 | -- | $10,493 +4% |
| 2015 | -- | $10,090 +2% |
| 2014 | -- | $9,892 +9.2% |
| 2013 | $82 +0.5% | $9,059 |
| 2011 | $82 -65.8% | $9,059 -36% |
| 2010 | $239 | $14,160 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 62450
Nearby schools
Schools provided by the listing agent
- District: Richland County Cusd 1
Source: My State MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
