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Updated Three-Suite Office Building
For Sale
$99,000

118 W Ryder Street, Litchfield, IL 62056

Efficient office layout with client reception, shared space, dedicated restroom, and rear parking access.

Property Size922 SF
Days on Market45

Property Features for 118 W Ryder Street

General Information

Standard status Active
Size 922 SF
Property subtype Commercial

Additional Details

Office Units 3

Taxes and HOA fees

Annual Taxes $987

Amenities

dedicated reception area
common area
bathroom

Building Details

Building Size 922 SF
Year Renovated 2020
Buildings 1
Stories 1
Listing Agency: MCR Realty Professionals, Inc
Listed By: Lori Weiss · License #RASI
Source: Century21laclede
Added: Jun 26 Changed: Aug 8 Last Checked: Aug 8 at 12:56PM

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 MCR Realty Professionals, Inc

Investment Insights

Based on property information with market context.

Located at 118 W Ryder Street in Litchfield, IL, this office building combines an updated interior with a practical configuration for day-to-day business operations. The property includes three office spaces, a reception area, a common area, and a bathroom, creating a clear separation between work areas and shared functions. The building was remodeled in 2020, providing a refreshed setting for staff and visitors.

Major mechanical improvements include a new AC installed in 2019, a furnace added in 2021, and new plumbing completed in 2022. Additional parking is available behind the building, providing convenient access for employees and visitors.

Key Highlights

  • Three office spaces plus reception and common areas
  • Remodeled in 2020
  • New AC installed in 2019

Property Analytics

Current Use

Law Offices of Glenn ... Law Firm

Suggested Use

Top Pick Real Estate Agency Plumbing Service Locksmith Electrical Service 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

3
Office units

Location Intelligence

Trade Area within ½ mile

652
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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Efficient office layout with client reception, shared space, dedicated restroom, and rear parking access.
Where is this office building located?
The property is located at 118 W Ryder Street Litchfield, IL.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Three office spaces plus reception and common areas; Remodeled in 2020; New AC installed in 2019
More about this property
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