Groveland, IL Office Spaces 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

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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 1 Active listings in Groveland, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, 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.

Government Office Building Investment

607 Main St, Peoria, IL 61602

$3,788,000

40,697 sqft · 0.57 AC lot

Institutionally leased government office with 100% occupancy under a gross lease and scheduled rental increases.

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Iconic Riverfront Brick Building

330 SW Water Street, Peoria, IL 61601

Contact for pricing

6,370 sqft

Two-story brick building with river views and decking.

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Adaptable Brick Building on Large Lot

2103 N Parkway Drive, Pekin, IL 61554

$139,900

1,872 sqft · 1.14 AC lot

Solid brick building on 1.14 acres with expansion possibilities.

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Pekin Medical Office with Apartments

101 N Parkway Drive, Pekin, IL 61554

$494,900

7,653 sqft

7653 SF B3 Zoned building with multiple uses.

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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.

Morton Commercial Land For Sale

150 W COURTLAND Avenue, Morton, IL 61550

$1,800,000

3.55 AC lot

3.55 acre commercial land with high traffic frontage.

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High Profile Commercial Land Available

150 W Courtland Avenue, Morton, IL 61550

$1,800,000

3.55 AC lot

3.55 acres of commercial land with high traffic frontage.

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Commercial Lot in Downtown Pekin

353 ANN ELIZA Street, Pekin, IL 61554

$165,000

0.14 AC lot

High-visibility commercial lot in downtown Pekin with B-3 zoning.

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4.26 Acres Zoned C-2

Legion Road, Washington, IL 61571

$650,000

4.26 AC lot

Flat, developable land in Washington, IL, near Route 8.

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Off-Market Properties in Groveland, IL

Consider similar Off-Market properties in Groveland, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

OFFICE (GENERAL)

19478 Springfield Rd, Groveland, IL 61535-9568

Value Estimation by Request

6,245 sqft · 0.49 AC lot

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OFFICE (GENERAL)

17220 Springfield Rd, Groveland, IL 61535-9673

Value Estimation by Request

3,600 sqft · 2.58 AC lot

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Groveland, IL Office Spaces Market Trends and Statistics

Explore 3 office spaces 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 office spaces 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.

Neighborhood	Average Price
61535	$569K

Neighborhood

Average Price

61535

$569K

Groveland, IL Office Spaces for Sale

19478 SPRINGFIELD Road, Groveland, IL 61535