Mixed-Use Property with Retail
For Sale
$265,000
120 W Union Avenue, Litchfield, IL 62056
The building combines vendor-oriented retail, an upstairs apartment, and two additional spaces with utility rough-ins.
Property Size10,000 SF
Price / SF$26.50
Days on Market8
Property Features for 120 W Union Avenue
General Information
Standard status
Active
Size
10,000 SF
Elevators
Yes
Property subtype
Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Mixed-Use Components
retail, residential
Units
Multifamily Units
1
Individually Metered Utilities
unspecified utilities
Additional Details
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$1,873
Amenities
private off-street customer parking
elevator
dumbwaiter
Building Details
Building Size
10,000 SF
Buildings
2
Listing Agency:
Flowers Home Realty
(636) 348-0222
Listed By:
Marletta Flowers · License #2006018112
(314) 614-8707
Source:
Flowershomerealty
Added: Oct 17
Changed: Oct 24
Last Checked: Oct 23 at 3:37PM
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 Flowers Home Realty
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Investment Insights
Based on property information with market context.
This 10,000-square-foot mixed-use building on Route 16 includes retail space currently used for an indoor flea market and antique store, with 40+ active vendor booths. The commercial area can be arranged as two storefronts. An upstairs apartment has been modernized with hardwood floors and an open living area, and is served by a separate entrance. An elevator and dumbwaiter are operational, and individual spaces have separate meters.
Two other upstairs areas have electrical and water rough-ins. The property also includes private off-street customer parking. Together, the existing retail, apartment, and partially roughed-in spaces provide a mix of commercial and residential components within one building.
Two other upstairs areas have electrical and water rough-ins. The property also includes private off-street customer parking. Together, the existing retail, apartment, and partially roughed-in spaces provide a mix of commercial and residential components within one building.
Key Highlights
- 40+ active vendor booths in the existing indoor flea market and antique store
- 10,000‑square‑foot mixed‑use property along Route 16
- Retail area can be configured as two storefronts
Property Analytics
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Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines vendor-oriented retail, an upstairs apartment, and two additional spaces with utility rough-ins.
Where is this mixed-use property located?
The property is located at 120 W Union Avenue Litchfield, IL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 40+ active vendor booths in the existing indoor flea market and antique store; 10,000‑square‑foot mixed‑use property along Route 16; Retail area can be configured as two storefronts
