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    Groveland, IL
    Mixed-Use

    Groveland, IL Mixed-use Properties for Sale

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    Morton, IL Pekin, IL Tremont, IL East Peoria, IL Peoria, IL Creve Coeur, IL North Pekin, IL Bartonville, IL
    Remodeled Mixed-Use Building
    Updated: May 2, 2025
    Remodeled Mixed-Use Building

    19478 SPRINGFIELD Road, Groveland, IL 61535

    $564,900
    0.44 AC lot
    Fully occupied mixed‑use building with 2 residential apartments and 3 commercial units
    Remodeled property with long‑term tenants and long‑term leases
    Reported 9.07% cap rate
    0.44‑acre parcel with commercial zoning
    Built in 1979 with forced‑air heating and central air conditioning
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    Mixed-Use Building with Apartments
    Updated: May 13, 2025
    Mixed-Use Building with Apartments

    19478 SPRINGFIELD Road, Groveland, IL 61535

    $564,900
    2 residential apartments plus 3 commercial units
    Fully occupied with long‑term tenants and leases
    9.07% cap rate
    Built in 1979 with partial brick and wood siding
    Forced‑air heating with zoned cooling and central air
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    Mixed-Use Building with Long-Term Tenants
    Mixed-Use Building with Long-Term Tenants

    19478 Springfield Road, Groveland, IL 61535

    $564,900
    6,200 sqft

    Newly remodeled mixed-use building with two apartments and three commercial units, fully occupied with long-term leases in place.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 3 Active listings in Groveland, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

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

    113-115 East Washington Street, East Peoria, IL 61611

    Contact for pricing
    6,090 sqft

    Commercial space and an upper-level loft apartment support an integrated live-work configuration.

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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

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

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    Live-Work Space with Loft Apartment
    Live-Work Space with Loft Apartment

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

    $299,000

    Commercial space below is paired with an upper-level loft apartment for integrated business and residential use.

    View details
    Historic Mixed-Use Property
    Historic Mixed-Use Property

    701 Main Street, Peoria, IL 61602

    $3,100,000

    Renovated landmark combines apartments with ground-floor retail space.

    View details

    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.

    Commercial Land with Road Frontage
    Commercial Land with Road Frontage

    8215 N ALLEN Road, Peoria, IL 61615

    $1,300,000
    2.92 AC lot

    C2-zoned commercial land with water available and an existing billboard.

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    Groveland, IL Mixed-Use Properties Market Trends and Statistics

    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 $1,694,700.

    Sale prices for multi use buildings in Groveland, IL average $564,900 — 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 Investment

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

    Neighborhood Average Price
    61535 $564.9K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Tazewell County

    New Delisted

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