Realmo

Buy
- For Sale
- Post a Listing
Property Types
- Retail
- Residential Income
  
  Multifamily
  
  Duplex
- Mixed-Use
- Land
  
  Residential
Rent
Analytics
- Analytics Center
- Value Estimation
- Cap Rate
- Ownership Records
- Zoning Insight
- Location Intelligence
- Business Placement
- Recently Sold
- Off-Market Leads

Advertise Sign In

For Sale
- Retail
- Residential Income
  - Multifamily
  - Duplex
- Mixed-Use
- Land
  - Residential
For Lease
Analytics Center
Value Estimation
Cap Rate
Ownership Records
Zoning Insight
Location Intelligence
Business Placement
Recently Sold
Off-Market Leads
Advertise
Find Brokers

Groveland, IL

Groveland, IL Commercial Real Estate for Sale

List

Map

Morton, IL Pekin, IL Tremont, IL East Peoria, IL Creve Coeur, IL Peoria, IL Washington, IL Bartonville, IL

5-Unit Mixed-Use Apartment Building

Updated: May 13, 2025

5-Unit Mixed-Use Apartment Building

19478 SPRINGFIELD Road, Groveland, IL 61535

$565,000

Two residential apartments plus three commercial units (five total)
Reported fully occupied with long‑term tenants and long‑term leases
Newly remodeled mixed‑use building with minimal landlord responsibilities
Reported 9.07% cap rate; in‑place long‑term lease profile
Forced air heating and zoned central air; shingle roof

Remodeled Mixed-Use Building For Sale

Updated: May 3, 2025

Remodeled Mixed-Use Building For Sale

19478 SPRINGFIELD Road, Groveland, IL 61535

Contact for pricing

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

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 46 Potential Opportunities for your consideration. Besides 2 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 and Recreation Facility

Fitness and Recreation Facility

430 W Edgewood Court, Morton, IL 61550

$1,150,000

27,473 sqft

Well-equipped fitness facility with indoor pool, locker rooms, and an on-site daycare.

Retail Space with Multiple Units

Retail Space with Multiple Units

3226-3230 Meadow Ave, East Peoria, IL 61611

Contact for pricing

4,173 sqft

Retail property offered for sale totaling 4,173 SF across 3226–3230 Meadow Ave.

Neighborhood Retail Building

Neighborhood Retail Building

1818 Meadow Ave, East Peoria, IL 61611

Contact for pricing

Retail building with a barber shop and a gift/craft shop plus laundromat equipment included.

Development Ready Land in Morton

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.

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.

18670 Springfield Rd

MINI-WAREHOUSE, STORAGE

18670 Springfield Rd, Groveland, IL 61535-9504

$60,000

Estimated value

2,904 sqft 0.83 AC lot

18881 Springfield Rd

COMMERCIAL (GENERAL)

18881 Springfield Rd, Groveland, IL 61535-9509

$255,000

Estimated value

1,440 sqft 1.69 AC lot

Roberts St Ofc Of

VACANT COMMERCIAL LAND

Roberts St Ofc Of, Groveland, IL 61535

$250,000

Estimated value

3.05 AC lot

4990 Edgewater Dr

PARKING GARAGE, PARKING STRUCTURE

4990 Edgewater Dr, Groveland, IL 61535-9752

$240,000

Estimated value

4,280 sqft 0.62 AC lot

Roberts St

VACANT COMMERCIAL LAND

Roberts St, Groveland, IL 61535

Value Estimation by Request

0.45 AC lot

5324 Queenwood Rd

INDUSTRIAL (GENERAL)

5324 Queenwood Rd, Groveland, IL 61535-9615

$410,000

Estimated value

1.16 AC lot

240 Main St

INDUSTRIAL (GENERAL)

240 Main St, Groveland, IL 61535-9766

$395,000

Estimated value

0.55 AC lot

4980 Edgewater Dr

BAR, TAVERN

4980 Edgewater Dr, Groveland, IL 61535-9752

$180,000

Estimated value

2,304 sqft 0.90 AC lot

18603 Springfield Rd

COMMERCIAL (GENERAL)

18603 Springfield Rd, Groveland, IL 61535-9505

$690,000

Estimated value

22,437 sqft 2.36 AC lot

19478 Springfield Rd

OFFICE (GENERAL)

19478 Springfield Rd, Groveland, IL 61535-9568

$405,000

Estimated value

6,245 sqft 0.49 AC lot

17243 Springfield Rd

COMMERCIAL (GENERAL)

17243 Springfield Rd, Groveland, IL 61535

$245,000

Estimated value

2,304 sqft 20.33 AC lot

4965 Edgewater Dr

MINI-WAREHOUSE, STORAGE

4965 Edgewater Dr, Groveland, IL 61535-9753

$230,000

Estimated value

1,260 sqft 1.18 AC lot

675 Brecher Ln

COMMERCIAL (GENERAL)

675 Brecher Ln, Groveland, IL 61535

$230,000

Estimated value

144 sqft 0.11 AC lot

5058 Edgewater Dr

INDUSTRIAL (GENERAL)

5058 Edgewater Dr, Groveland, IL 61535-9754

$75,000

Estimated value

0.76 AC lot

5100 Edgewater Dr

COMMERCIAL (GENERAL)

5100 Edgewater Dr, Groveland, IL 61535-9756

$245,000

Estimated value

612 sqft 2.00 AC lot

Springfield Rd

VACANT COMMERCIAL LAND

Springfield Rd, Groveland, IL 61535

$250,000

Estimated value

0.11 AC lot

Springfield Rd

VACANT COMMERCIAL LAND

Springfield Rd, Groveland, IL 61535

$250,000

Estimated value

0.12 AC lot

Springfield Rd

VACANT COMMERCIAL LAND

Springfield Rd, Groveland, IL 61535

$250,000

Estimated value

0.13 AC lot

19416 Springfield Rd, Unit PARCEL

CONVENIENCE STORE

19416 Springfield Rd, Groveland, IL 61535-9518

Unit PARCEL

$345,000

Estimated value

2,844 sqft 0.39 AC lot

18012 Unsicker Rd

INDUSTRIAL (GENERAL)

18012 Unsicker Rd, Groveland, IL 61535-9526

$330,000

Estimated value

1.22 AC lot

240 Whispering Oaks Dr

INDUSTRIAL (GENERAL)

240 Whispering Oaks Dr, Groveland, IL 61535-9542

$290,000

Estimated value

0.11 AC lot

207 Washington St

COMMERCIAL (GENERAL)

207 Washington St, Groveland, IL 61535

$65,000

Estimated value

994 sqft 0.13 AC lot

Groveland, IL Commercial Real Estate Market Trends and Statistics

Explore 42 commercial real estate for sale in Groveland, IL on our real estate platform. These investment opportunities span a total of 6,200 square feet of properties for sale, with an estimated market value of $565,000.

Sale prices for business properties in Groveland, IL average $565,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

List

Map

Demographics Overview

Population 1,906

Population Growth (5Y) +12.3%

Median Household Income $138,594

College Educated 47.7%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
61535	$565K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Tazewell County

New Delisted

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings

Contact Us