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2-Story Mixed-Use Building
For Sale
$120,000

117 E Union Avenue, Litchfield, IL 62056

A street-level storefront is paired with a remodeled one-bedroom apartment upstairs that needs finishing work.

Property SizeContact for details
Days on Market131

Property Features for 117 E Union Avenue

General Information

Standard status Active
Property subtype Commercial

Units

Unit Mix 1 x 1BR/1BA
Multifamily Units 1

Additional Details

Mixed-Use Components retail, residential

Taxes and HOA fees

Annual Taxes $1,008

Building Details

Year Built 1915
Buildings 1
Stories 2
Listing Agency: Aumann Realty Inc
Listed By: Kimberly Blankenship · License #RASI
Source: Godfreylandmark
Added: Jun 21 Changed: Oct 26 Last Checked: Oct 26 at 3:30PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aumann Realty Inc

Rey
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Investment Insights

Based on property information with market context.

Built in 1915, this two-story property combines a ground-floor commercial storefront with a second-level apartment featuring one bedroom and one bathroom. The apartment has been remodeled and requires a few finishing touches before it is ready for rent.

The building is at 117 E Union Avenue in downtown Litchfield.

Key Highlights

  • Two‑story commercial building constructed in 1915
  • Ground‑floor commercial storefront
  • Remodeled second‑level apartment with 1 bedroom and 1 bathroom; finishing work remains

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Plumbing Service Electrical Service Locksmith Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

518
Businesses Nearby

Demographics for 62056, IL

8,559
Population
4,095
Households
2.1
Avg Household Size
43
Median Age
26%
College-Educated
94%
High-School Grad
107.4 sq mi
ZIP Area
80
Density / Sq Mi
$62,705
Median Household Income
$39,511
Median Earnings
$655
Median Rent
$119,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A street-level storefront is paired with a remodeled one-bedroom apartment upstairs that needs finishing work.
Where is this mixed-use property located?
The property is located at 117 E Union Avenue Litchfield, IL.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Two‑story commercial building constructed in 1915; Ground‑floor commercial storefront; Remodeled second‑level apartment with 1 bedroom and 1 bathroom; finishing work remains
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