Two-Building Mixed-Use Commercial
For Sale
$125,000
223 N Pearl Street, Waverly, IL 62692
COMMERCIAL - Waverly, IL
Property Size7,000 SF
Lot Size0.15 Acres
Price / SF$17.86
Days on Market55
Property Features for 223 N Pearl Street
General Information
Property type
Commercial Sale
Property subtype
Other
Accessibility
Accessible Approach with Ramp
Appliances
Dishwasher, Exhaust Fan, Freezer, Built-In Freezer, Instant Hot Water, Ice Maker, Indoor Grill, Microwave, Oven, Range, Range Hood, Built-In Refrigerator, Free-Standing Refrigerator, Vented Exhaust Fan, Water Heater, Bar Fridge
Subdivision
Not in a subdivision
Directions
From Springfield, take I-72 West for about 15 miles. Take Exit 82 toward New Berlin and turn left onto Waverly Road. Continue west for approximately 10 miles. Turn right onto IL-104 and drive for 1.5 miles. Once you reach town, make a right onto N?Pearl St. The property is located on the town square.
Standard status
Active
APN
19-11-204-006
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
RNG/BLK: TWP:0 SECT/LOT: CITY OF WAVERLY ORIGINAL TOWN 10FT S PT LT 7 AND 34FT N SD LT 8 BLK 13
Tax Annual Amount
1033
Legal Description
RNG/BLK: TWP:0 SECT/LOT: CITY OF WAVERLY ORIGINAL TOWN 10FT S PT LT 7 AND 34FT N SD LT 8 BLK 13
Utilities
Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
1890
Floors in Building
2
Flooring type
Wood
Building materials
Brick, Metal Siding
Listing Agency:
Tarrant and Harman Real Estate and Auction Co
(618) 433-9436
Listed By:
Amy Quarton · License #475.200446
(618) 433-9436
Added: Jun 9
Changed: Jul 29
Last Checked: Aug 2 at 12:06PM
MLS# 25046413
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale commercial property features two connected two-story buildings, including a south building dating to 1890 and a north building built in 1901. The layout provides roughly 3,500 sq. ft. per level and is configured for a variety of commercial uses, including professional offices, restaurant or cafe operations, retail, or a multi-use business concept. The main floor is equipped and ready for continued operation, with an upper level offering flexible, unfinished space that can be adapted for additional offices, studio space, or storage.
Interior finishes include classic wood flooring, brick and metal siding, and a set of commercial-grade kitchen components such as a built-in grill, double freezers, vented exhaust fans, a wine/bar refrigerator, dishwasher, and ovens. Comfort and mechanical features include central air, forced-air heat, and ceiling fans, along with full utility connections and accessibility features including a ramp entrance and wide doorways.
Set on a 0.15-acre lot on the town square in Waverly, the property is described as highly visible in a high-traffic setting, offering exposure in a convenient location about 30 minutes from Springfield with highway access.
Interior finishes include classic wood flooring, brick and metal siding, and a set of commercial-grade kitchen components such as a built-in grill, double freezers, vented exhaust fans, a wine/bar refrigerator, dishwasher, and ovens. Comfort and mechanical features include central air, forced-air heat, and ceiling fans, along with full utility connections and accessibility features including a ramp entrance and wide doorways.
Set on a 0.15-acre lot on the town square in Waverly, the property is described as highly visible in a high-traffic setting, offering exposure in a convenient location about 30 minutes from Springfield with highway access.
Key Highlights
- 7,000 sq ft commercial property on the Waverly town square with two connected two‑story buildings
- South building built in 1890 and north building built in 1901, totaling about 3,500 sq ft per level
- Commercial kitchen equipment included: built‑in grill, double freezers, vented exhaust fans, wine/bar fridge, and dishwasher
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 62692, IL
1,970
Population
940
Households
2.1
Avg Household Size
42
Median Age
21%
College-Educated
95%
High-School Grad
87.3 sq mi
ZIP Area
23
Density / Sq Mi
$66,619
Median Household Income
$45,192
Median Earnings
$771
Median Rent
$115,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two connected two-story buildings totaling about 7,000 sq. ft., currently operating with commercial-grade kitchen equipment.
Where is this conventional restaurant located?
The property is located at 223 N Pearl Street Waverly, IL.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 7,000 sq ft commercial property on the Waverly town square with two connected two‑story buildings; South building built in 1890 and north building built in 1901, totaling about 3,500 sq ft per level; Commercial kitchen equipment included: built‑in grill, double freezers, vented exhaust fans, wine/bar fridge, and dishwasher
