19478 SPRINGFIELD Road Groveland, IL 61535
Fully occupied mixed-use building with long-term tenants and leases.
Type:Office, Multifamily
Property size:
6,200 SF- Added:
- May 3, 2025
- Days on Market:
- 334
- Last Refresh:
- Mar 17 at 1:18 pm
Property Features for 19478 SPRINGFIELD Road
General Information
- Standard status
- Active
- Size
- 6,200 SF
- Property subtype
- Office, Multifamily
Building Details
- Year Built
- 1979
Listing agent Tonya Crawford License #IL
Listing office R & R Realty
Listing date May 3, 2025
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of R & R Realty
Overview
Remodeled Mixed-Use Building For Sale
This is a fully occupied, newly remodeled mixed-use building. The property features 2 residential apartments and 3 commercial units. It has long-term tenants and long-term leases. The property has a cap rate of 9.07% and minimal landlord responsibilities. The in-place net operating income is $51,216, and the gross income is $62,556. The property size is 6,200 square feet. This property is suitable for investors seeking stable cash flow and a turnkey property.
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Groveland
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.5337901
- Latitude
- 40.6043124
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Fully occupied mixed-use building with long-term tenants and leases.
Where is this mixed-use property located?
The property is located at 19478 SPRINGFIELD Road Groveland, IL.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: High 9.07% Cap Rate; Stable $51,216 Net Operating Income (NOI); Fully Occupied with Long‑Term Tenants and Leases
