Mixed-Use Property with
For Sale
$250,000
121 E Union Ave, Litchfield, IL 62056
Two downtown buildings combine an operating restaurant, commercial kitchen, dining space, bar area, and occupied apartments.
Property SizeContact for details
Days on Market50
Property Features for 121 E Union Ave
General Information
Standard status
Active
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Traffic Count
10,700 vehicles/day
Taxes and HOA fees
Annual Taxes
$887
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Aumann Realty Inc
(217) 556-2511
Listed By:
Kimberly Blankenship · License #RASI
(217) 556-2511
Source:
Exprealty
Added: Jul 2
Changed: Aug 15
Last Checked: Aug 20 at 10:33AM
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
Investment Insights
Based on property information with market context.
This mixed-use property includes two buildings at 119 and 121 E. Union Avenue. The 121 building contains an operating BBQ restaurant with a full commercial kitchen and dining area, while its newer roof adds a recent building improvement. A lease is currently in place for the restaurant and must be honored.
The adjoining 119 building adds a dining room and bar area, along with two occupied one-bedroom, one-bath apartments upstairs. The apartments may be reconfigured as two-bedroom units after updates, as described in the property information. The buildings are positioned on one of downtown Litchfield’s busiest streets, with an average daily traffic volume of 10, 700. The property supports both commercial and residential occupancy within the same holding.
The adjoining 119 building adds a dining room and bar area, along with two occupied one-bedroom, one-bath apartments upstairs. The apartments may be reconfigured as two-bedroom units after updates, as described in the property information. The buildings are positioned on one of downtown Litchfield’s busiest streets, with an average daily traffic volume of 10, 700. The property supports both commercial and residential occupancy within the same holding.
Key Highlights
- Two buildings at 119 and 121 E. Union Avenue
- Operating BBQ restaurant with full commercial kitchen and dining area
- Current restaurant lease must be honored
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
10,700 VPD
Traffic count
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two downtown buildings combine an operating restaurant, commercial kitchen, dining space, bar area, and occupied apartments.
Where is this mixed-use property located?
The property is located at 121 E Union Ave Litchfield, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two buildings at 119 and 121 E. Union Avenue; Operating BBQ restaurant with full commercial kitchen and dining area; Current restaurant lease must be honored
