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Groveland, IL

Groveland, IL Commercial Real Estate for Sale

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

Remodeled Mixed-Use Building

Updated: May 2, 2025

Remodeled Mixed-Use Building

19478 SPRINGFIELD Road, Groveland, IL 61535

$564,900

0.44 AC lot

Fully occupied mixed‑use building with 2 residential apartments and 3 commercial units
Remodeled property with long‑term tenants and long‑term leases
Reported 9.07% cap rate
0.44‑acre parcel with commercial zoning
Built in 1979 with forced‑air heating and central air conditioning

Mixed-Use Building with Apartments

Updated: May 13, 2025

Mixed-Use Building with Apartments

19478 SPRINGFIELD Road, Groveland, IL 61535

$564,900

2 residential apartments plus 3 commercial units
Fully occupied with long‑term tenants and leases
9.07% cap rate
Built in 1979 with partial brick and wood siding
Forced‑air heating with zoned cooling and central air

Mixed-Use Building with Long-Term Tenants

Mixed-Use Building with Long-Term Tenants

19478 Springfield Road, Groveland, IL 61535

$564,900

6,200 sqft

Newly remodeled mixed-use building with two apartments and three commercial units, fully occupied with long-term leases in place.

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 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 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.

Industrial Flex Space

Industrial Flex Space

1034 NE ADAMS Street, Peoria, IL 61603

$950,000

2.01 AC lot

Block-and-brick construction with concrete flooring and public sewer service.

Unimproved Land

Unimproved Land

112 KENNEDY Court, East, Peoria, IL 61611

$47,500

Residential land & home lots

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

Estimated value:

$60,000

2,904 sqft 0.83 AC lot

18881 Springfield Rd

COMMERCIAL (GENERAL)

18881 Springfield Rd, Groveland, IL 61535-9509

Estimated value:

$255,000

1,440 sqft 1.69 AC lot

Roberts St Ofc Of

VACANT COMMERCIAL LAND

Roberts St Ofc Of, Groveland, IL 61535

Estimated value:

$250,000

3.05 AC lot

4990 Edgewater Dr

PARKING GARAGE, PARKING STRUCTURE

4990 Edgewater Dr, Groveland, IL 61535-9752

Estimated value:

$240,000

4,280 sqft 0.62 AC lot

Roberts St

VACANT COMMERCIAL LAND

Roberts St, Groveland, IL 61535

Estimated value: by Request

0.45 AC lot

5324 Queenwood Rd

INDUSTRIAL (GENERAL)

5324 Queenwood Rd, Groveland, IL 61535-9615

Estimated value:

$410,000

1.16 AC lot

240 Main St

INDUSTRIAL (GENERAL)

240 Main St, Groveland, IL 61535-9766

Estimated value:

$395,000

0.55 AC lot

4980 Edgewater Dr

BAR, TAVERN

4980 Edgewater Dr, Groveland, IL 61535-9752

Estimated value:

$180,000

2,304 sqft 0.90 AC lot

18603 Springfield Rd

COMMERCIAL (GENERAL)

18603 Springfield Rd, Groveland, IL 61535-9505

Estimated value:

$690,000

22,437 sqft 2.36 AC lot

19478 Springfield Rd

OFFICE (GENERAL)

19478 Springfield Rd, Groveland, IL 61535-9568

Estimated value:

$405,000

6,245 sqft 0.49 AC lot

17243 Springfield Rd

COMMERCIAL (GENERAL)

17243 Springfield Rd, Groveland, IL 61535

Estimated value:

$245,000

2,304 sqft 20.33 AC lot

4965 Edgewater Dr

MINI-WAREHOUSE, STORAGE

4965 Edgewater Dr, Groveland, IL 61535-9753

Estimated value:

$230,000

1,260 sqft 1.18 AC lot

675 Brecher Ln

COMMERCIAL (GENERAL)

675 Brecher Ln, Groveland, IL 61535

Estimated value:

$230,000

144 sqft 0.11 AC lot

5058 Edgewater Dr

INDUSTRIAL (GENERAL)

5058 Edgewater Dr, Groveland, IL 61535-9754

Estimated value:

$75,000

0.76 AC lot

5100 Edgewater Dr

COMMERCIAL (GENERAL)

5100 Edgewater Dr, Groveland, IL 61535-9756

Estimated value:

$245,000

612 sqft 2.00 AC lot

Springfield Rd

VACANT COMMERCIAL LAND

Springfield Rd, Groveland, IL 61535

Estimated value:

$250,000

0.11 AC lot

Springfield Rd

VACANT COMMERCIAL LAND

Springfield Rd, Groveland, IL 61535

Estimated value:

$250,000

0.12 AC lot

Springfield Rd

VACANT COMMERCIAL LAND

Springfield Rd, Groveland, IL 61535

Estimated value:

$250,000

0.13 AC lot

19416 Springfield Rd, Unit PARCEL

CONVENIENCE STORE

19416 Springfield Rd, Groveland, IL 61535-9518

Unit PARCEL

Estimated value:

$345,000

2,844 sqft 0.39 AC lot

18012 Unsicker Rd

INDUSTRIAL (GENERAL)

18012 Unsicker Rd, Groveland, IL 61535-9526

Estimated value:

$330,000

1.22 AC lot

240 Whispering Oaks Dr

INDUSTRIAL (GENERAL)

240 Whispering Oaks Dr, Groveland, IL 61535-9542

Estimated value:

$290,000

0.11 AC lot

Groveland, IL Commercial Real Estate Market Trends and Statistics

Explore 43 commercial real estate for sale in Groveland, IL, showcased through 3 active listings 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 $1,694,700.

Sale prices for business properties in Groveland, IL average $564,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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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	$564.9K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Tazewell County

New Delisted

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