Residential Income

Morrisonville, IL Residential Income Properties for Sale

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Two-Story Mixed-Use Bar Property
Updated: Aug 6
Two-Story Mixed-Use Bar Property

501 Sarpy Street, Morrisonville, IL 62546

$365,000
0.80 AC lot
Two‑story brick mixed‑use property at 501 Sarpy Street, Morrisonville, IL 62546
Operating bar and entertainment space with indoor and outdoor gaming areas
24‑foot shuffleboard table
Outdoor beer garden with additional seating and event space
Three‑bedroom upstairs apartment with one full bathroom and laundry room
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Morrisonville, 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-Story Mixed-Use Building
Two-Story Mixed-Use Building

145 N SPRINGFIELD Street, Virden, IL 62690

$300,000

Mixed-use property combining commercial storefronts and residential apartments with existing occupancy.

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As-Is Multifamily Property
As-Is Multifamily Property

403 N Finis Street, Virden, IL 62690

$185,000

Multiple bedrooms and bathrooms are supported by public utilities and forced-air natural-gas heating.

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Mixed-Use Property with Restaurant
Mixed-Use Property with Restaurant

121 E Union Ave, Litchfield, IL 62056

$242,000

Two downtown buildings combine an operating restaurant, commercial kitchen, dining space, bar area, and occupied apartments.

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Mixed-Use Building with Retail Space
Mixed-Use Building with Retail Space

104 W Edwards Street, Litchfield, IL 62056

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0.04 AC lot

Two upstairs apartments with separate access complement a spacious ground-floor commercial area and public restroom.

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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 Lot in Taylorville, IL
Residential Lot in Taylorville, IL

LAKESIDE Drive lot: 10, Taylorville, IL 62568

$44,900

Residential lot suitable for building with walkout basement potential.

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Residential Land in Girard, IL
Residential Land in Girard, IL

403 S 4TH Street, Girard, IL 62640

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Double lot in established neighborhood, near historic Route 66.

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Residential Lot in Virden, IL
Residential Lot in Virden, IL

18880 PERRY Drive, Virden, IL 62690

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Spacious residential lot with utilities available in Virden, Illinois.

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Nilwood Land Parcel For Sale
Nilwood Land Parcel For Sale

L 6 7 8 Ryder Street, Nilwood, IL 62672

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0.70 AC lot

Almost one acre lot suitable for residential development.

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Morrisonville, IL Residential Income Properties Market Trends and Statistics

Explore 1 residential income properties for sale in Morrisonville, IL on our real estate platform.

Sale prices for residential income properties in Morrisonville, IL average $365,000 — 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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Demographics Overview

Population 1,394
Population Growth (5Y) -14.2%
Median Household Income $88,462
College Educated 21.8%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
62546 $375K

Taxes & Financing

Average Loan-to-Value 65.0%

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