Groveland, IL Commercial real estate for sale

Updated: May 3, 2025

Remodeled Mixed-Use Building For Sale

19478 SPRINGFIELD Road, Groveland, IL 61535

$569,000

6,200 sqft

High 9.07% Cap Rate
Stable $51,216 Net Operating Income (NOI)
Fully Occupied with Long‑Term Tenants and Leases
Newly Remodeled Mixed‑Use Building (2 Apartments, 3 Commercial Units)
Turnkey Property with Minimal Landlord Responsibilities

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This listing looks promising.

Here's a quick look at some key insights for

19478 SPRINGFIELD Road, Groveland, IL 61535

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Est. Cap Rate

7.2%
Above avg (5.9%)
Est. NOI

$41K
Annual
Mortgage

$229K
Jun 2019
Last Sold

Jun 2019
$260K
Property Type

Commercial Office (General)
Built 1972

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Updated: May 2, 2025

Remodeled Mixed-Use Building in Groveland

19478 SPRINGFIELD Road, Groveland, IL 61535

$569,000

0.44 AC lot

Strong 9.07% Cap Rate
In‑Place Net Operating Income (NOI) of $51,216
Fully Occupied with Long‑Term Tenants and Leases
Newly Remodeled Mixed‑Use Building
Turn‑Key Property with Minimal Landlord Responsibilities

View details

Remodeled Mixed-Use Building in Groveland

19478 SPRINGFIELD Road, Groveland, IL 61535

$569,000

Fully occupied mixed-use property with long-term tenants and leases.

View details

Based on your search, we've compiled 47 Potential Opportunities for your consideration. Besides 3 Active listings in Groveland, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 40 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.

Fitness Facility with Indoor Pool

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2.64 AC lot

Turnkey fitness and recreation building with an indoor pool, locker rooms, and on-site daycare operations.

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Mixed-Use Building Near Morton

3409 MEADOW Avenue, East Peoria, IL 61611

$314,900

0.70 AC lot

Multi-use building with commercial spaces and apartments near Morton.

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49 Acres Agricultural Land Available

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4.00 AC lot

Two lots of agricultural land available for sale.

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Development Ready Land in Morton

866 W Birchwood St, Morton, IL 61550

Contact for pricing

1.96 AC lot

1.96 acres of development-ready land with municipal utilities.

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Off-Market Properties in Groveland, IL

Consider similar Off-Market properties in Groveland, 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.