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    Groveland, IL
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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 For Sale
    Updated: May 3, 2025
    Remodeled Mixed-Use Building For Sale

    19478 SPRINGFIELD Road, Groveland, IL 61535

    $569,000
    6,200 sqft
    High 9.07% Cap Rate
    Stable $51,216 Net Operating Income (NOI)
    Fully Occupied with Long‑Term Tenants and Leases
    Newly Remodeled Mixed‑Use Building (2 Apartments, 3 Commercial Units)
    Turnkey Property with Minimal Landlord Responsibilities
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    This listing looks promising.

    Here's a quick look at some key insights for

    19478 SPRINGFIELD Road, Groveland, IL 61535

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    • Est. Cap Rate

      7.2%
      Above avg (5.9%)

    • Est. NOI

      $41K
      Annual

    • Mortgage

      $229K
      Jun 2019

    • Last Sold

      Jun 2019
      $260K

    • Property Type

      Commercial Office (General)
      Built 1972
    View Property Analytics
    Remodeled Mixed-Use Building in Groveland
    Updated: May 2, 2025
    Remodeled Mixed-Use Building in Groveland

    19478 SPRINGFIELD Road, Groveland, IL 61535

    $569,000
    0.44 AC lot
    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
    View details
    Remodeled Mixed-Use Building in Groveland
    Remodeled Mixed-Use Building in Groveland

    19478 SPRINGFIELD Road, Groveland, IL 61535

    $569,000

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

    View details
    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.

    Updated Commercial Building in Pekin
    Updated Commercial Building in Pekin

    515 ELIZABETH Street, Pekin, IL 61554

    $135,000

    Downtown Pekin commercial building with recent updates and rental potential.

    View details
    Pekin Mixed-Use Investment Opportunity
    Pekin Mixed-Use Investment Opportunity

    529 ANN ELIZA Street, Pekin, IL 61554

    $117,000
    1,038 sqft

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

    View details
    East Peoria Mixed-Use Investment
    East Peoria Mixed-Use Investment

    220 & 222 MEADOW Avenue, East Peoria, IL 61611

    $280,000

    Mixed-use property with residential and commercial income potential.

    View details
    Mixed-Use Building Near Morton
    Mixed-Use Building Near Morton

    3409 MEADOW Avenue, East Peoria, IL 61611

    $314,900
    0.70 AC lot

    Multi-use building with commercial spaces and apartments near Morton.

    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.

    Glen Avenue Commercial Development Opportunity
    Glen Avenue Commercial Development Opportunity

    1105 W Glen Ave, Peoria, IL 61614

    $275,000
    0.80 AC lot

    Prime commercial land for development in Peoria's retail corridor.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    8215 N ALLEN Road, Peoria, IL 61615

    $1,300,000
    2.92 AC lot

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

    View details
    High-Visibility Corner Lot
    High-Visibility Corner Lot

    201 North Washington Street, Carbondale, IL 62901

    $60,000

    Commercial corner lot in downtown Carbondale, ideal for development.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    3131 Hollis Drive Unit 2-007, Springfield, IL 62707

    $125,453

    Development opportunity in southwest Springfield near White Oaks Mall.

    View details

    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 $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 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 $569K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Tazewell County

    New Delisted

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