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    Groveland, IL Retail Space for Sale

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    Morton, IL East Peoria, IL Pekin, IL
    Remodeled Mixed-Use Building in Groveland
    $569,000
    0.44 Acres

    Remodeled Mixed-Use Building in Groveland

    19478 SPRINGFIELD Road, Groveland, IL 61535

    Fully occupied mixed-use building with long-term tenants and leases.

    • Strong 9.07% Cap Rate
    • In‑Place Net Operating Income (NOI) of $51,216
    • Fully Occupied with Long‑Term Tenants and Leases
    • Newly Remodeled Mixed‑Use Building
    • Turn‑Key Property with Minimal Landlord Responsibilities
    Updated: May 2, 2025
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    Remodeled Mixed-Use Building in Groveland
    $569,000

    Remodeled Mixed-Use Building in Groveland

    19478 SPRINGFIELD Road, Groveland, IL 61535

    Fully occupied mixed-use property with long-term tenants and leases.

    • High yearly gross rental income of $67,560.
    • Recent upgrades including paint, flooring, carpet, lighting, furnaces, AC units and water heater.
    • 5 unit multifamily & commercial space building.
    • Long term tenants.
    • Low overhead property.
    Updated: May 13, 2025
    View details
    Based on your search, we've compiled 2 Potential Opportunities for your consideration. Besides 2 Active listings in Groveland, IL, we suggest exploring several alternatives:

    Groveland, IL Retail Space Investment Opportunities Market Analysis

    Explore 2 retail space for sale in Groveland, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,138,000.

    Sale prices for retail space 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.

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    Demographics Overview

    Population 1,906
    Population Growth (5Y) +12.3%
    Median Household Income $138,594
    College Educated 47.7%

    High-Yield Neighborhoods for Strategic Investment

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

    Neighborhood Average Price
    61535 $569K

    Taxes & Financing

    Average Loan-to-Value 65.0%

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