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Groveland, IL Mixed-use Properties for Sale

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Morton, IL East Peoria, IL Pekin, IL

Remodeled Mixed-Use Building in Groveland

$569,000

0.44 Acres

Remodeled Mixed-Use Building in Groveland

19478 SPRINGFIELD Road, Groveland, IL 61535

Fully occupied mixed-use building with long-term tenants and leases.

Strong 9.07% Cap Rate
In‑Place Net Operating Income (NOI) of $51,216
Fully Occupied with Long‑Term Tenants and Leases
Newly Remodeled Mixed‑Use Building
Turn‑Key Property with Minimal Landlord Responsibilities

Updated: May 2, 2025

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$569,000

Remodeled Mixed-Use Building in Groveland

19478 SPRINGFIELD Road, Groveland, IL 61535

Fully occupied mixed-use property with long-term tenants and leases.

High yearly gross rental income of $67,560.
Recent upgrades including paint, flooring, carpet, lighting, furnaces, AC units and water heater.
5 unit multifamily & commercial space building.
Long term tenants.
Low overhead property.

Updated: May 13, 2025

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$569,000

6,200 SF

Remodeled Mixed-Use Building For Sale

Fully occupied mixed-use building with long-term tenants and leases.

19478 SPRINGFIELD Road, Groveland, IL 61535

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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Groveland, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

$117,000

1,038 SF

Pekin Mixed-Use Investment Opportunity

Mixed-use property with commercial space and residential apartment in Pekin.

529 ANN ELIZA Street, Pekin, IL 61554

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$145,000

Updated Commercial Property in Pekin

Downtown Pekin commercial property with recent updates and rental potential.

515 ELIZABETH Street, Pekin, IL 61554

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Downtown Commercial Building with Usable Basement

$699,000

12,658 SF

Downtown Commercial Building with Usable Basement

Two-story commercial building with a usable basement in downtown Peoria.

201 NE Adams St, Peoria, IL 61602

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Downtown Peoria Warehouse/Office Opportunity

$1,119,000

110,900 SF

Downtown Peoria Warehouse/Office Opportunity

110,900 SF Peoria building suitable for warehouse or office use.

1335 SW Washington St, Peoria, IL 61602

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

$1,300,000

2.92 Acres

Prime Commercial Land Opportunity

3-acre commercial land in high-traffic Peoria area.

8215 N ALLEN Road, Peoria, IL 61615

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$60,000

High-Visibility Corner Lot

Commercial corner lot in downtown Carbondale, ideal for development.

201 North Washington Street, Carbondale, IL 62901

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$99,000

0.46 Acres

Commercial Lot on Kimberly Road

Commercial lot for sale in high-traffic Kimberly Road corridor.

4004 Northwest Boulevard, Davenport, IA 52806

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$1,695,000

4.25 Acres

Yorkville, IL Land For Sale

4.25 acre commercial land available in Yorkville, Illinois.

2113 IL Route 47, Yorkville, IL 60560

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Groveland, IL Mixed-Use Properties Investment Opportunities Market Analysis

Explore 3 mixed-use properties for sale in Groveland, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 6,200 square feet of properties for sale, with an estimated market value of $569,000.

Sale prices for multi use buildings in Groveland, IL start at $569,000, averaging $569,000, and reaching up to $569,000 — 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 1,906

Population Growth (5Y) +12.3%

Median Household Income $138,594

College Educated 47.7%

High-Yield Neighborhoods for Strategic Investment

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

Neighborhood	Average Price
61535	$569K

Taxes & Financing

Average Loan-to-Value 65.0%

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Groveland, IL Mixed-use Properties for Sale

Remodeled Mixed-Use Building in Groveland

Fully occupied mixed-use building with long-term tenants and leases.