Mixed-Use Property with
New
For Sale
$175,000
103 S center Street, Colfax, IL 61728
Commercial Sale, Colfax, IL
Property SizeContact for details
Lot Size0.05 Acres
Days on Market1
Property Features for 103 S center Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
RT 9 EAST TO 165 TO COLFAX RT ON CENTER ST.
Subdivision
Colfax
Standard status
Active
APN
1703283002
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1573
Utilities
Cooling system
Window Unit(s)
Building Details
Year built
1894
Floors in Building
2
Number of units
1
Building materials
Brick
Roof type
Metal
Listing Agency:
Keller Williams Revolution · Keller Williams Realty
(309) 834-3400
Listed By:
Ryan Leake · License #475168509
(309) 261-4011
Added: Sep 14
Last Checked: Sep 14 at 5:06PM
MLS# 12756700
Copyright © 2026 Midwest Real Estate Data, LLC. 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 property combines a commercial ice cream shop on the ground floor with an updated three-bedroom apartment above. Appliances and business equipment are included, supporting continued use of the existing shop. The commercial area has a newer furnace, while automatic interior window shades are also in place. The property is constructed with brick and dates to 1894, with a metal roof.
The upstairs residence provides a separate residential component and is configured to accommodate two full bathrooms. Located at 103 S. Center Street in Colfax, the property is zoned COMMR and occupies 0.051 acres. Its combination of an established retail operation and residential space creates a single property with both commercial and living areas.
The upstairs residence provides a separate residential component and is configured to accommodate two full bathrooms. Located at 103 S. Center Street in Colfax, the property is zoned COMMR and occupies 0.051 acres. Its combination of an established retail operation and residential space creates a single property with both commercial and living areas.
Key Highlights
- Operating ice cream shop with appliances and equipment included
- Updated three‑bedroom apartment above the commercial space
- Residential area offers the ability to have two full bathrooms
Property Analytics
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Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 61728, IL
1,381
Population
531
Households
2.6
Avg Household Size
41
Median Age
29%
College-Educated
98%
High-School Grad
69.4 sq mi
ZIP Area
20
Density / Sq Mi
$93,654
Median Household Income
$52,350
Median Earnings
$799
Median Rent
$152,200
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes an operating ice cream shop with equipment and an updated three-bedroom residential space.
Where is this mixed-use property located?
The property is located at 103 S center Street Colfax, IL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Operating ice cream shop with appliances and equipment included; Updated three‑bedroom apartment above the commercial space; Residential area offers the ability to have two full bathrooms
