Groveland, IL Residential income properties 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 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.

East Peoria Mixed-Use Investment

220 & 222 MEADOW Avenue, East Peoria, IL 61611

$280,000

Mixed-use property with residential and commercial income potential.

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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.

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Pekin Commercial Building with Apartments

101 N PARKWAY Drive, Pekin, IL 61554

$494,900

Versatile commercial building with apartments in Pekin, Illinois.

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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.

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

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

104 AMELIA Drive, East Peoria, IL 61611

$33,500

Land for sale in a newly developed East Peoria subdivision.

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Residential Land in East Peoria

108 AMELIA Drive, East Peoria, IL 61611

$35,500

Land for sale in a newly developed East Peoria subdivision.

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Groveland, IL Residential Income Properties Market Trends and Statistics

Explore 1 residential income 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 residential income 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.

Neighborhood	Average Price
61535	$569K

Neighborhood

Average Price

61535

$569K

Groveland, IL Residential Income Properties for Sale

19478 SPRINGFIELD Road, Groveland, IL 61535