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509 Pearl Street, Godfrey, IL, 62035

*CHECK OUT THE NEW VIRTUAL PHOTOS* This adorable former one-bed, one-bath cottage is ready for its next chapter — and it could be the perfect home for your small business. Thoughtfully updated for commercial use, it offers all the charm of a cozy residence with the functionality you need to welcome clients and customers. Currently zoned residential, the property may accommodate a variety of business types with a special use permit, making it a flexible opportunity for the right Buyer. Imagine it as a charming retail boutique, insurance office, intimate law practice, creative studio, or even a tattoo parlor. Most recently it operated as a pet spa, and it still has capped plumbing in place from its earlier days as a hair salon — a great bonus for businesses that could make use of it. In the back, you’ll find a large paved and fenced parking area with space for approximately 8–10 vehicles — a rare and valuable feature for a property of this size. If you’ve been looking for a space with personality and versatility, this one is worth a closer look. Pre-approved Buyers only please, with local financing preferred. (This is a duplicate listing of MLS #26028173)

Subdivision: Squires Add

List Price

$ 115,000

Status

Active Under Contract

Days on market

0

MLS#

26011795

Bedrooms

0

Full baths

0

Subdivision

Squires Add

County

Madison-IL

Property Type

Commercial Sale

Type

Commercial Sale

Additional Information

Property Tax (2024)

$1,540

Recent Nearby Sales in 62035

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
4911 Westmont Avenue, Godfrey, IL 62035 4/3 1,288 $315,000 $310,000
98.4% of ask
Sep 4, 2026
5017 River Aire Drive, 3, Godfrey, IL 62035 2/2 1,020 $176,900 $176,900
100% of ask
Sep 4, 2026
5220 Foxglove Lane, Godfrey, IL 62035 3/4 2,161 $529,900 $529,900
100% of ask
Sep 3, 2026
2720 Grovelin Street, D, Godfrey, IL 62035 0/0 -- $140,000 $125,000
89.3% of ask
Sep 1, 2026
608 Saint Rose Drive, Godfrey, IL 62035 4/3 1,460 $259,900 $259,900
100% of ask
Aug 28, 2026
2001 River Aire Court Court, Godfrey, IL 62035 4/4 2,211 $281,900 $285,000
101.1% of ask
Aug 28, 2026

Price & Listing History

Listed for sale
Mar 4, 2026 at $128,500
Price reduced by $13,500 (10.5%)
From $128,500 to $115,000
Current status: Active Under Contract
As of Aug 31, 2026 · $115,000

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