Mixed-Use

Colfax, IL Mixed-use Properties 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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Mixed-Use Property with Ice Cream Shop
Updated: Sep 14
Mixed-Use Property with Ice Cream Shop

103 S center Street, Colfax, IL 61728

$175,000
1,785 sqft
Operating ice cream shop with appliances and equipment included
Updated three‑bedroom apartment above the commercial space
1,785‑square‑foot mixed‑use property
Commercial area features a newer furnace, split‑unit air conditioning, and automatic interior window shades
Apartment layout can accommodate two full bathrooms
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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Colfax, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

NNN Commercial Property with Residence
NNN Commercial Property with Residence

3612 W Bloomington Rd, Champaign, IL 61822

$1,250,000
10,440 sqft 10.00 AC lot

Gated commercial compound with leased improvements, a separate residence, outdoor storage area, and room for future expansion.

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Mixed-Use Building
Mixed-Use Building

2306 Maysel Street, Bloomington, IL 61701

$359,000
0.19 AC lot

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

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Gated Mixed-Use Property
Gated Mixed-Use Property

3612 W Bloomington Road, Champaign, IL 61822

$1,250,000
9.88 AC lot

Fully leased commercial improvements include separate operating units, extensive parking, outdoor storage area, and an updated residence.

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Commercial Mixed-Use Property
Commercial Mixed-Use Property

1402 E Empire Street, Bloomington, IL 61701

Contact for pricing
3,900 sqft

Commercial property with mixed-use classification, established in 1982 and situated within COMMR zoning.

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Colfax, IL Mixed-Use Properties Market Trends and Statistics

Explore 2 mixed-use properties for sale in Colfax, IL on our real estate platform. These investment opportunities span a total of 1,785 square feet of properties for sale, with an estimated market value of $350,000.

Sale prices for multi use buildings 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Live-work space 1

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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