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    Groveland, IL
    Residential Income

    Groveland, IL Residential Income 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 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.

    One-Level Four-Unit Quadplex
    One-Level Four-Unit Quadplex

    120 Linden St, East Peoria, IL 61611

    $195,000
    2,000 sqft

    Tenant-paid utilities support a straightforward operating structure across the residential property.

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    Two-Level Mixed-Use Property
    Two-Level Mixed-Use Property

    350 RUSCHE Street, Creve Coeur, IL 61610

    $175,000

    The layout combines two ground-floor commercial suites with two separate apartments above.

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    219-Unit Multifamily Community
    219-Unit Multifamily Community

    501 West Washington Street, East Peoria, IL 61611

    Contact for pricing

    Contemporary residences include full-size laundry appliances, quartz counters, and access to shared indoor and outdoor amenities.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    910 Pekin Avenue, Creve Coeur, IL 61610

    $120,000

    Multi-unit property offers a mixed one- and two-bedroom layout, shared laundry, and one vacancy ready for updates.

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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.

    Residential Land in East Peoria
    Residential Land in East Peoria

    101 AMELIA Drive, East Peoria, IL 61611

    $43,500

    Land for sale in a newly developed East Peoria subdivision.

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    Residential Lots in East Peoria
    Residential Lots in East Peoria

    406 SHADY KNOLLS Drive, East Peoria, IL 61611

    Contact for pricing

    Residential land in a newly developed East Peoria subdivision.

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    Residential Land in East Peoria
    Residential Land in East Peoria

    104 AMELIA Drive, East Peoria, IL 61611

    $33,500

    Land for sale in a newly developed East Peoria subdivision.

    View details
    Residential Land in East Peoria
    Residential Land in East Peoria

    108 AMELIA Drive, East Peoria, IL 61611

    $35,500

    Land for sale in a newly developed East Peoria subdivision.

    View details

    Groveland, IL Residential Income Properties Market Trends and Statistics

    Explore 3 residential income 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 residential income properties 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 2
    Duplexes 1

    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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