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    Loami, IL Franklin, IL Chatham, IL Springfield, IL Auburn, IL Virden, IL Pleasant Plains, IL Jacksonville, IL
    Two-Building Mixed-Use Commercial Property
    Updated: Jun 9
    Two-Building Mixed-Use Commercial Property

    223 N Pearl Street, Waverly, IL 62692

    $125,000
    0.15 AC lot
    7,000 sq ft commercial property on the Waverly town square with two connected two‑story buildings
    South building built in 1890 and north building built in 1901, totaling about 3,500 sq ft per level
    Commercial kitchen equipment included: built‑in grill, double freezers, vented exhaust fans, wine/bar fridge, and dishwasher
    Heating and cooling include forced‑air heat and central air, plus ceiling fans throughout
    Accessibility features include ramp entry with wide doorways
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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 9 Potential Opportunities for your consideration. Besides 1 Active listings in Waverly, 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.

    Historic Two-Level Commercial Building
    Historic Two-Level Commercial Building

    156 N Dye Street, Virden, IL 62690

    $35,000
    3,276 sqft

    Two-level commercial building totaling about 3,276 sq. ft., with matching main and second-floor space.

    View details
    Medical Office Space for Pet Care
    Medical Office Space for Pet Care

    204 N MAIN ST, Chatham, IL 62629

    Contact for pricing
    2,000 sqft

    For-sale medical office space positioned for pet healthcare use at 204 N Main St in Chatham, Illinois.

    View details
    Drive-Thru Bank Building with ATM Area
    Drive-Thru Bank Building with ATM Area

    405 N SPRINGFIELD Street, Virden, IL 62690

    $119,000

    Brick building with two drive-thru access points and a dedicated ATM area, plus basement space.

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    Prime Chatham Corner Retail/Office
    Prime Chatham Corner Retail/Office

    215-221 N MAIN Street, Chatham, IL 62629

    Contact for pricing
    6,901 sqft

    Excellent location in the heart of Chatham.

    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.

    Springfield Commercial Land Opportunity
    Springfield Commercial Land Opportunity

    W WABASH Avenue, Springfield, IL 62711

    $7,900,000
    28.79 AC lot

    28+ acres of commercial land ready for development.

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    Springfield Commercial Development Opportunity
    Springfield Commercial Development Opportunity

    4685 WABASH Avenue, Springfield, IL 62707

    $1,435,000
    40.78 AC lot

    40+ acre commercial land for sale in Springfield, IL.

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    Prime Commercial Land in Springfield
    Prime Commercial Land in Springfield

    4300 Acer Grove Drive, Springfield, IL 62711

    $135,000

    1.23 acre commercial land in a rapidly developing area.

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    Commercial Lots Near Interstate I-72
    Commercial Lots Near Interstate I-72

    Southbrooke Road, South, Jacksonville, IL 62650

    $375,000
    1.64 AC lot

    Two commercial lots in high-traffic area with TIF funds.

    View details

    Waverly, IL Office Spaces Market Trends and Statistics

    Explore 1 office spaces for sale in Waverly, IL on our real estate platform.

    Sale prices for office spaces in Waverly, IL average $125,000 — 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

    Commercial property segments ranked by active listings on the market

    Office Units 1

    Demographics Overview

    Population 2,128
    Population Growth (5Y) +0.3%
    Median Household Income $66,619
    College Educated 30.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    62692 $125K

    Taxes & Financing

    Tax Rate (average for all types) 6.13%
    Property Tax per SF $76.29 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Morgan County

    New Delisted

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