Live - Work Space

Colfax, IL Live-work Space for Sale

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Mixed-Use Building with Ice Cream Shop
Updated: Sep 14
Mixed-Use Building with Ice Cream Shop

103 S center Street, Colfax, IL 61728

$175,000
0.05 AC lot
Operating ice cream shop on the main level with appliances and equipment included
Updated three‑bedroom apartment on the upper level
Space for two full bathrooms in the residential area
Brand‑new split‑unit air conditioning and newer furnace
Brick construction with a metal roof
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1 active listing matches your search: Live-Work for sale in Colfax, IL. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Live-Work Building
Mixed-Use Live-Work Building

2306 Maysel Street, Bloomington, IL 61701

$359,000
4,093 sqft  Built 1955

Reception space, several rooms, and parking on two streets support the property's existing residential and business uses.

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Live-Work Property with Loft
Live-Work Property with Loft

113 E Washington St, East Peoria, IL 61611

Contact for pricing
24–40 people  6,090 sqft

Commercial space offers the potential for two suites, complemented by an upper-level residential loft.

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Mixed-Use Building
Mixed-Use Building

2306 Maysel Street, Bloomington, IL 61701

$359,000
0.19 acres  1 building  Built 1955

The layout combines a reception area and several rooms with space used for both business and residential purposes.

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Mixed-Use Building with Loft
Mixed-Use Building with Loft

113 E Washington St # 115, East Peoria, IL 61611

$299,000
Built 1920

Washington Street property combines adaptable commercial space with an upper-level residential loft.

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Colfax, IL Live-Work Space Market Trends and Statistics

Explore 1 live-work space for sale in Colfax, IL on our real estate platform.

Sale prices for live-work properties in Colfax, IL average $175,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 1,316
Population Growth (5Y) +0.4%
Median Household Income $93,654
College Educated 33.3%

High-Yield Neighborhoods for Investment

Identify Colfax submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
61728 $175K

Taxes & Financing

Tax Rate (average for all types) 9.23%
Property Tax per SF $27.36 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in McLean County

New Delisted

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