117 E Union Ave, Litchfield, IL

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.