Remodeled Mixed-Use
For Sale
$565,000
19478 SPRINGFIELD Road, Groveland, IL 61535
Commercial Sale, Groveland, IL
Property SizeContact for details
Lot Size0.44 Acres
Days on Market501
Property Features for 19478 SPRINGFIELD Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
comm
Parking
25
Directions
Springfield Road to Groveland to 4 way stop signs - sits on corner.
Standard status
Active
APN
05-05-22-405-001
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SEC 22 T25N R4W PINE HILL SUBD EXT 1 LOT 1 SE 1/4
Tax Annual Amount
7260
Legal Description
SEC 22 T25N R4W PINE HILL SUBD EXT 1 LOT 1 SE 1/4
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1979
Floors in Building
2
Number of units
5
Flooring type
Concrete, Carpet, Tile
Building materials
Brick, Vinyl Siding, Wood Siding, Frame
Roof type
Composition
Listing Agency:
R & R Realty
Listed By:
Tonya Crawford · License #471009760
(309) 696-7628
Added: May 2, 2025
Changed: Sep 13
Last Checked: Sep 14 at 10:06AM
MLS# PA1257603
Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This remodeled mixed-use building includes two residential apartments and three commercial units, creating a varied configuration within one property. The building dates to 1979 and uses brick, vinyl siding, wood siding, and frame construction. Interior finishes include tile, concrete, and carpet, with natural-gas forced-air heat, central air conditioning, and a composition roof.
The property sits on 0.44 acres in Groveland, Illinois, with septic service. All units are occupied, and the existing commercial and residential spaces are subject to long-term leases. The offering carries a 9.07% cap rate and is zoned comm.
The property sits on 0.44 acres in Groveland, Illinois, with septic service. All units are occupied, and the existing commercial and residential spaces are subject to long-term leases. The offering carries a 9.07% cap rate and is zoned comm.
Key Highlights
- Two residential apartments and three commercial units in one mixed‑use building
- 0.44‑acre property in Groveland, Illinois
- Fully occupied with long‑term leases in place
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 61535, IL
1,748
Population
666
Households
2.6
Avg Household Size
44
Median Age
36%
College-Educated
90%
High-School Grad
7.4 sq mi
ZIP Area
236
Density / Sq Mi
$138,594
Median Household Income
$64,654
Median Earnings
$222,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated mixed-use property combines residential apartments with commercial units in a single building.
Where is this mixed-use property located?
The property is located at 19478 SPRINGFIELD Road Groveland, IL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Two residential apartments and three commercial units in one mixed‑use building; 0.44‑acre property in Groveland, Illinois; Fully occupied with long‑term leases in place
