Mixed-Use Building with
New
For Sale
$259,900
154 E Railroad Ave, Leland, IL 60531
Downtown building combines retail space with two updated apartments and separately metered electric service.
Property SizeContact for details
Days on Market7
Property Features for 154 E Railroad Ave
General Information
Standard status
Active
Property subtype
Other
Building Details
Year Built
1891
Stories
2
Units
3
Listing Agency:
Coldwell Banker Real Estate Group
(815) 553-2406
Listed By:
CHARLES KIRKWOOD · License #475142955
Source:
Commercialcafe
Added: Aug 25
Changed: Aug 30
Last Checked: Aug 31 at 1:36PM
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 Coldwell Banker Real Estate Group
Investment Insights
Based on property information with market context.
This downtown Leland mixed-use building combines a first-floor retail suite with two apartments. The retail area includes an approximately 900-square-foot showroom with display windows, rear workspace, kitchenette, and a full bathroom with shower. A full basement adds additional building area. The first-floor apartment offers one bedroom and one bath, a separate kitchen, in-unit laundry, family room, and access to a fenced backyard. Upstairs, the two-bedroom, one-bath apartment includes vaulted ceilings in the primary bedroom and family room.
The apartments have updated flooring, drywall, doors, bathroom fixtures, vanities, kitchen cabinetry, and appliances. Building improvements include replacement windows, new insulation, and a roof installed 2 years ago. Each unit has separate electric metering; the property has one water meter and one gas meter. The retail suite and second-floor apartment are occupied by the same tenant, while the first-floor apartment is owner-occupied and expected to be vacated at closing. Built in 1891, the property is being sold as-is.
The apartments have updated flooring, drywall, doors, bathroom fixtures, vanities, kitchen cabinetry, and appliances. Building improvements include replacement windows, new insulation, and a roof installed 2 years ago. Each unit has separate electric metering; the property has one water meter and one gas meter. The retail suite and second-floor apartment are occupied by the same tenant, while the first-floor apartment is owner-occupied and expected to be vacated at closing. Built in 1891, the property is being sold as-is.
Key Highlights
- Mixed‑use building at 154 E Railroad Ave in downtown Leland
- First‑floor retail area is approximately 900 sf with showroom, display windows, kitchenette, and full bathroom
- Two apartments: one‑bedroom/one‑bath and two‑bedroom/one‑bath
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Explore this area
Business Placement
Demographics for 60531, IL
1,879
Population
847
Households
2.2
Avg Household Size
41
Median Age
26%
College-Educated
97%
High-School Grad
61.4 sq mi
ZIP Area
31
Density / Sq Mi
$77,672
Median Household Income
$34,556
Median Earnings
$1,532
Median Rent
$225,800
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 - Downtown building combines retail space with two updated apartments and separately metered electric service.
Where is this mixed-use property located?
The property is located at 154 E Railroad Ave Leland, IL.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Mixed‑use building at 154 E Railroad Ave in downtown Leland; First‑floor retail area is approximately 900 sf with showroom, display windows, kitchenette, and full bathroom; Two apartments: one‑bedroom/one‑bath and two‑bedroom/one‑bath
