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    Colfax, IL

    Colfax, IL Commercial Real Estate for Sale

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    Anchor, IL Ellsworth, IL Lexington, IL Saybrook, IL Chenoa, IL Arrowsmith, IL Fairbury, IL Gibson City, IL
    7 properties
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    Mixed-Use Building with Ice Cream Shop
    Updated: Sep 14
    Mixed-Use Building with Ice Cream Shop

    103 S center Street, Colfax, IL 61728

    $175,000
    0.05 AC lot
    Operating ice cream shop on the main level with appliances and equipment included
    Updated three‑bedroom apartment on the upper level
    Space for two full bathrooms in the residential area
    Brand‑new split‑unit air conditioning and newer furnace
    Brick construction with a metal roof
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    Commercial Land with Utilities
    Updated: Jun 1
    Commercial Land with Utilities

    120 E Main Street, Colfax, IL 61728

    Contact for pricing
    0.08 AC lot
    0.08‑acre commercial land parcel
    Four lots available individually
    Public utilities are available
    Located within a TIF district
    Zoned COMMR
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    Commercial Land in Business District
    Commercial Land in Business District

    118 E Main Street, Colfax, IL 61728

    Contact for pricing
    0.08 AC lot

    Small commercial parcel with public utilities available and COMMR zoning in a central business setting.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Mixed-Use Property with Ice Cream Shop
    Mixed-Use Property with Ice Cream Shop

    103 S center Street, Colfax, IL 61728

    $175,000
    1,785 sqft

    An operating shop with included equipment sits below an updated three-bedroom apartment.

    View details
    Two-Lot Commercial Land
    Two-Lot Commercial Land

    BLOCK 10 Lots 7 & 8, Colfax, IL 61728

    $35,000
    0.30 AC lot

    Commercial land in the COMMR district with city utilities available for future development.

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    Downtown Commercial Land
    Downtown Commercial Land

    118 E Main St, Colfax, IL 61728

    Contact for pricing

    Four individually available parcels with public utilities and TIF district eligibility in central Colfax.

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    Commercial Land Parcels
    Commercial Land Parcels

    120 E Main St, Colfax, IL 61728

    Contact for pricing

    Four commercial parcels are offered separately with public utilities available and placement within a TIF district.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 7 Active listings in Colfax, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Heated Flex Shop with Lake Access
    Heated Flex Shop with Lake Access

    11242 N 1800 East Rd, Fairbury, IL

    $750,000
    4,800 sqft

    A heated, insulated workspace pairs with shop infrastructure and an interest in a private lake.

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    Flex Warehouse Building
    Flex Warehouse Building

    319-321 W. Locust St, Fairbury, IL 61739

    $69,000
    5,880 sqft

    For sale flex-style warehouse space with on-site visibility via a street-facing sign in the window.

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    Central Illinois Farmland Tract
    Central Illinois Farmland Tract

    E 1300 North Rd Tract 4, Ellsworth, IL 61737

    $330,000
    23.02 AC lot

    The tract’s 2027 season offers flexibility to continue farming independently or establish a new tenant arrangement.

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    Tillable Farmland Tract
    Tillable Farmland Tract

    E 1300 North Rd, Tract 5, Ellsworth, IL 61737

    $345,000
    25.92 AC lot

    Tillable acreage with a 133 Productivity Index is available for the 2027 season.

    View details

    Off-Market Properties in Colfax, IL

    Consider similar Off-Market properties in Colfax, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    105 Ctr St
    COMMERCIAL (GENERAL)

    105 Ctr St, Colfax, IL 61728-8954

    Estimated value:
    $320,000
    2,070 sqft
    View details
    107 Ctr St
    COMMERCIAL (GENERAL)

    107 Ctr St, Colfax, IL 61728

    Estimated value:
    $65,000
    1,980 sqft
    View details
    109 Ctr St
    COMMERCIAL (GENERAL)

    109 Ctr St, Colfax, IL 61728

    Estimated value:
    $85,000
    1,980 sqft
    View details
    204 Main St
    COMMERCIAL (GENERAL)

    204 Main St, Colfax, IL 61728-9239

    Estimated value:
    $150,000
    View details
    Colfax, IL 61728
    VACANT COMMERCIAL LAND

    Colfax, IL 61728

    Estimated value:
    $150,000
    View details
    107 Main St
    COMMERCIAL (GENERAL)

    107 Main St, Colfax, IL 61728

    Estimated value:
    $100,000
    6,624 sqft
    View details
    Colfax, IL 61728
    VACANT COMMERCIAL LAND

    Colfax, IL 61728

    Estimated value:
    $100,000
    View details
    118 Main St
    COMMERCIAL (GENERAL)

    118 Main St, Colfax, IL 61728

    Estimated value:
    $85,000
    2,450 sqft
    View details
    122 Main St
    COMMERCIAL (GENERAL)

    122 Main St, Colfax, IL 61728

    Estimated value:
    $90,000
    2,528 sqft
    View details
    120 Main St
    COMMERCIAL (GENERAL)

    120 Main St, Colfax, IL 61728

    Estimated value:
    $90,000
    2,500 sqft
    View details
    103 Ctr St
    COMMERCIAL (GENERAL)

    103 Ctr St, Colfax, IL 61728-8954

    Estimated value:
    $285,000
    1,828 sqft
    View details
    109 Main St
    COMMERCIAL (GENERAL)

    109 Main St, Colfax, IL 61728-9273

    Estimated value:
    $185,000
    1,860 sqft 0.16 AC lot
    View details
    110 Main St
    COMMERCIAL (GENERAL)

    110 Main St, Colfax, IL 61728-9265

    Estimated value:
    $235,000
    6,272 sqft 0.27 AC lot
    View details
    320 Harrison St
    COMMERCIAL (GENERAL)

    320 Harrison St, Colfax, IL 61728-9242

    Estimated value:
    $270,000
    1,200 sqft
    View details

    Colfax, IL Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Colfax, IL, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 1,785 square feet of properties for sale, with an estimated market value of $385,000.

    Sale prices for business properties in Colfax, IL start at $35,000, averaging $128,333, and reaching up to $175,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    Colfax, IL CRE market trends — vacancy, lease rates and price per SF, updated monthly
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    Demographics Overview

    Population 1,316
    Population Growth (5Y) +0.4%
    Median Household Income $93,654
    College Educated 33.3%

    High-Yield Neighborhoods for Investment

    Identify Colfax submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61728 $35K

    Taxes & Financing

    Tax Rate (average for all types) 9.23%
    Property Tax per SF $27.36 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in McLean County

    New Delisted

    How Realmo verifies these figures

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