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    Groveland, IL
    Retail

    Groveland, IL Retail Space for Sale

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    Morton, IL Pekin, IL Tremont, IL East Peoria, IL Creve Coeur, IL Peoria, IL Washington, IL Bartonville, IL
    5-Unit Mixed-Use Apartment Building
    Updated: May 13, 2025
    5-Unit Mixed-Use Apartment Building

    19478 SPRINGFIELD Road, Groveland, IL 61535

    $565,000
    Two residential apartments plus three commercial units (five total)
    Reported fully occupied with long‑term tenants and long‑term leases
    Newly remodeled mixed‑use building with minimal landlord responsibilities
    Reported 9.07% cap rate; in‑place long‑term lease profile
    Forced air heating and zoned central air; shingle roof
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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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Groveland, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Corner Storefront With Detached Garage
    Corner Storefront With Detached Garage

    113 Park Road, Creve Coeur, IL 61610

    $85,000
    807 sqft

    Paved parking, a kitchenette, and detached storage add practical functionality.

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    Retail Space with Multiple Units
    Retail Space with Multiple Units

    3226-3230 Meadow Ave, East Peoria, IL 61611

    Contact for pricing
    4,173 sqft

    Retail property offered for sale totaling 4,173 SF across 3226–3230 Meadow Ave.

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    Corner Storefront With Detached Garage
    Corner Storefront With Detached Garage

    113 PARK Road, Creve Coeur, IL 61610

    $85,000

    Commercial space offers Main Street access, paved parking, kitchenette, and flexible interior features.

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    Neighborhood Retail Building
    Neighborhood Retail Building

    1818 Meadow Ave, East Peoria, IL 61611

    Contact for pricing

    Retail building with a barber shop and a gift/craft shop plus laundromat equipment included.

    View details

    Groveland, IL Retail Space Market Trends and Statistics

    Explore 1 retail space for sale in Groveland, IL on our real estate platform.

    Sale prices for retail space in Groveland, IL average $565,000 — 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 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 $565K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Tazewell County

    New Delisted

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