Mixed-Use Building with Ice Cream
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 Market13
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
Zoned
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 26 at 11:06AM
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 an operating ice cream shop on the main level with an updated three-bedroom apartment upstairs. The commercial area includes the appliances and equipment used for the shop, along with a newer furnace, brand-new split-unit air conditioning, and automatic interior window shades. The upper-level residence includes space for two full bathrooms and can support owner occupancy or rental use.
Built in 1894, the building features brick construction and a metal roof. The property contains 0.051 acres and is zoned COMMR. Located at 103 S. Center Street in Colfax, Illinois, the configuration brings commercial and residential space together within one building.
Built in 1894, the building features brick construction and a metal roof. The property contains 0.051 acres and is zoned COMMR. Located at 103 S. Center Street in Colfax, Illinois, the configuration brings commercial and residential space together within one building.
Key Highlights
- Operating ice cream shop on the main level with appliances and equipment included
- Updated three‑bedroom apartment on the upper level
- Space for two full bathrooms in the residential area
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 updated three-bedroom apartment above an operating commercial 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 on the main level with appliances and equipment included; Updated three‑bedroom apartment on the upper level; Space for two full bathrooms in the residential area
