Mixed-Use Building with
For Sale
$565,000
19478 SPRINGFIELD Road, Groveland, IL 61535
Residential Income, Groveland, IL
Property SizeContact for details
Days on Market490
Property Features for 19478 SPRINGFIELD Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
5
Full bathrooms
2
Half bathrooms
3
Rooms
Bathroom 3, Bedroom 2, Bathroom 4, Bathroom 5, Bedroom 1, Bathroom 1, Bathroom 2
Parking
25
Subdivision
Pine Hill
Lot features
Level
High school
Morton
Directions
Springfield Road to Groveland to 4 way stop signs - sits on corner.
Standard status
Active
APN
05-05-22-405-001
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
Heating system
Forced Air
Cooling system
Central Air, Zoned
Water source
Public
Building Details
Year built
1979
Number of units
5
Building materials
Brick Partial, Wood Siding
Roof type
Shingle
Listing Agency:
R & R Realty
Listed By:
Tonya Crawford · License #471009760
(309) 696-7628
Added: May 13, 2025
Changed: Sep 13
Last Checked: Sep 14 at 7:06AM
MLS# PA1257871
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 mixed-use building in Groveland contains 2 residential apartments and 3 commercial units. The property is fully occupied, with long-term tenants and leases in place. Improvements include partial brick and wood siding construction, a shingle roof, forced-air heating, zoned cooling, central air, and public water service.
Built in 1979, the property is located at 19478 Springfield Road in Tazewell County. The building includes 2 bedrooms and 5 bathrooms among the documented rooms. A 9.07% cap rate is reported for the property, with current operations supported by established occupancy and lease commitments.
Built in 1979, the property is located at 19478 Springfield Road in Tazewell County. The building includes 2 bedrooms and 5 bathrooms among the documented rooms. A 9.07% cap rate is reported for the property, with current operations supported by established occupancy and lease commitments.
Key Highlights
- 2 residential apartments plus 3 commercial units
- Fully occupied with long‑term tenants and leases
- 9.07% cap rate
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five-unit property combines residential apartments with commercial space and established tenancy in Groveland.
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: 2 residential apartments plus 3 commercial units; Fully occupied with long‑term tenants and leases; 9.07% cap rate
