Litchfield, IL
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    Litchfield, IL Retail Space for Sale

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    Brighton, IL Mount Olive, IL Mt Olive, IL
    Mixed-Use Retail with Two Apartments
    $60,000
    0.04 Acres
    Mixed-Use Retail with Two Apartments

    104 W Edwards Street, Litchfield, IL 62056

    Two upstairs apartments above a main-level retail and office layout, with parking behind and separate entrances.
    • Brick building (1900) with central air
    • Two apartments upstairs: 1‑bedroom unit and 2‑bedroom unit
    • Separate entrances for the apartments from the commercial space
    • Main level includes spacious retail space plus a public bathroom
    • Separate office area with its own entrance, with rooms for offices, a kitchenette, and a bathroom
    Updated: Jun 8
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    8,015 SF Mixed-Use Building
    $365,900
    8,015 SF
    8,015 SF Mixed-Use Building

    117 E Union Ave, Litchfield, IL

    Mixed-use building with restaurant, retail, and apartment units.
    • Investment opportunity with an 8,015 SF building and multiple income streams from existing tenants (restaurant, pizza maker, apartments).
    • Located in a TIF area, offering potential tax benefits and development incentives.
    • Two 900 SF street‑level spaces available for lease, providing immediate income potential.
    • Four upstairs apartments, with two currently leased and two under renovation, offering further income potential.
    • High‑traffic location on IL Route 16 (E Union Ave) directly across from the Square and Memorial Gardens.
    Updated: Aug 26, 2024
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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Litchfield, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

    Downtown Greenville Culinary Opportunity
    $115,000
    Downtown Greenville Culinary Opportunity

    Restaurant-ready building in downtown Greenville with recent updates and potential incentives.

    110 S 2nd Street, Greenville, IL 62246

    View details
    Greenville Mixed-Use Investment Opportunity
    $319,000
    Greenville Mixed-Use Investment Opportunity

    Retail space and four apartments in downtown Greenville, Illinois.

    118 W Main Street, Greenville, IL 62246

    View details
    Highland Commercial Site for Sale
    $129,900
    1,855 SF
    Highland Commercial Site for Sale

    Land available for build to suit near St. Joseph’s Hospital.

    5 Apex & 20-25 Apex Dr, Highland, IL 62249

    View details
    Shovel Ready Commercial Sites
    Contact for pricing
    1,131,253 SF
    Shovel Ready Commercial Sites

    Commercial sites with utilities, roads, and water detention.

    U.S. Hwy 40 & Commerce Lane, Highland, IL 62249

    View details

    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.

    Prime PUD-Zoned Land Opportunity
    $1,599,000
    900 SF
    Prime PUD-Zoned Land Opportunity

    2.07 acres of PUD-zoned land in a growing corridor.

    3229 State Road 207, Elkton, FL 32033

    View details

    Litchfield, IL Retail Space Investment Opportunities Market Analysis

    Explore 2 retail space for sale in Litchfield, IL on our real estate platform. These investment opportunities span a total of 8,015 square feet of properties for sale, with an estimated market value of $365,900.

    Sale prices for retail space in Litchfield, IL start at $365,900, averaging $365,900, and reaching up to $365,900 — 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

    Shopping centers 2

    Demographics Overview

    Population 8,591
    Population Growth (5Y) +0.2%
    Median Household Income $62,705
    College Educated 33.9%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    62056 $80K

    Taxes & Financing

    Tax Rate (average for all types) 8.29%
    Property Tax per SF $70.83 per sq ft
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

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