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    Groveland, IL Multifamily Properties for Sale

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    Morton, IL East Peoria, IL Pekin, IL
    Remodeled Mixed-Use Building For Sale
    $569,000
    6,200 SF

    Remodeled Mixed-Use Building For Sale

    19478 SPRINGFIELD Road, Groveland, IL 61535

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

    • 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
    Updated: May 3, 2025
    View details
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 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.

    Two Homes on One Parcel
    $119,900
    550 SF

    Two Homes on One Parcel

    Two houses on a large lot, ideal for investors.

    2404 Springfield Road, East Peoria, IL 61611
    View details
    Mixed-Use Building Near Morton
    $314,900
    0.70 Acres

    Mixed-Use Building Near Morton

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

    3409 MEADOW Avenue, East Peoria, IL 61611
    View details
    Pekin Commercial Building with Apartments
    $494,900

    Pekin Commercial Building with Apartments

    Versatile commercial building with apartments in Pekin, Illinois.

    101 N PARKWAY Drive, Pekin, IL 61554
    View details
    Pekin Medical Office with Apartments
    $494,900
    7,653 SF

    Pekin Medical Office with Apartments

    7653 SF B3 Zoned building with multiple uses.

    101 N Parkway Drive, Pekin, IL 61554
    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.

    Vacant Lot in Gated Community
    Contact for pricing
    0.12 Acres

    Vacant Lot in Gated Community

    Vacant lot in gated community with many amenities for seasonal living.

    2795 E 28th Lot 1205 Road, Seneca, IL 61360
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    University Park Developable Land
    Contact for pricing
    3.20 Acres

    University Park Developable Land

    3.2 acres with 24 concrete housing pads in University Park.

    976 Mesa Court, University Park, IL 60484
    View details
    Unrestricted Land Near Route 67
    $70,000
    2.10 Acres

    Unrestricted Land Near Route 67

    2.1 acres with boundless possibilities near Jerseyville and Godfrey.

    17039 Hillside Lane, Jerseyville, IL 62052
    View details
    Wooded Homesite in Wheatfield, Indiana
    Contact for pricing
    0.57 Acres

    Wooded Homesite in Wheatfield, Indiana

    Spacious, wooded 0.57-acre lot in established neighborhood.

    4418 Oakland Court, Wheatfield, IN 46392
    View details

    Groveland, IL Multifamily Properties Investment Opportunities Market Analysis

    Explore 1 multifamily properties for sale in Groveland, IL 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 multifamily properties 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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    Top Commercial Asset Segments

    Apartment buildings 1

    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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