117 E Union Ave Litchfield, IL
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Mixed-use building with restaurant, retail, and apartment units.
Type:RETAIL
Property size:
8,015 SFLot size:
0.22 AcresPrice / SF:
$45/SF- Added:
- Aug 26, 2024
- Days on Market:
- 612
- Last Refresh:
- Apr 5 at 8:47 pm
Property Features for 117 E Union Ave
General Information
- Standard status
- Active
- Size
- 8,015 SF
- Lot size
- 0.22 Acres
- Property subtype
- RETAIL
Listing agent John L Eichenlaub
Listing office BARBERMurphy (618) 277-4400
Listing date Aug 26, 2024
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of BARBERMurphy
Overview
8,015 SF Mixed-Use Building
This 8,015 square foot building presents an investment opportunity. The property features a mix of commercial and residential spaces, including Giannis Restaurant, a frozen pizza maker, and two leased upstairs apartments. Additionally, there are two units under renovation. Two 900 square foot street-level spaces are available for lease. Employee and tenant parking is provided at the rear, with additional parking available in front of the building and around the city square. The property is located in a TIF area. There are four upstairs apartments, with two finished and leased, featuring newer wiring, plumbing, water heaters, and windows. The apartments above 119/121 E Union are occupied one-bedroom units. Building 115 is currently used to produce frozen pizzas and includes a new split A/C unit and a newer water heater. The unfinished upstairs apartments in Building 115 require flooring and lighting and are expected to lease for $1100 per month. These units feature two bedrooms, one bath, and shared washer/dryer hookups. Space 117 has been remodeled for a gaming parlor but is currently vacant, featuring a new split A/C unit and a newer water heater. The unfinished upstairs apartments in Space 117 also require flooring and lighting and are expected to lease for $1100 per month, with two bedrooms, one bath, and shared washer/dryer hookups. Buildings 119 and 121 E. Union are occupied by Route 66 BBQ and Southern kitchen, formerly Giannis. The roof over the restaurant is newer. The property is located directly across from the Square and Memorial Gardens in the Uptown district, with high traffic on IL Route 16 (E Union Ave), and is just minutes from I-55 (exit 52) and shopping.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Litchfield
- County
- Montgomery
- State
- Illinois
- Longitude
- -89.6552
- Latitude
- 39.1782
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - Mixed-use building with restaurant, retail, and apartment units.
Where is this restaurant located?
The property is located at 117 E Union Ave Litchfield, IL.
What is the asking price?
The asking price for this property is $365,900.
What are key features of this property?
This property features: Investment opportunity with an **8,015 SF building and multiple income streams** from existing tenants (restaurant, pizza maker, apartments).; Located in a TIF area, offering potential tax benefits and development incentives.; **Two 900 SF street‑level spaces available for lease**, providing immediate income potential.
