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19478 Springfield Road

Groveland, IL 61535
  • $565,000
  • STATUS: Active
  • ON SITE: 445 Days
  • ID#: PA1257603
Price Reduced
UPDATED: 38 min ago
$565,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1979
County:
Area:

School Ratings & Info

Description

Fully occupied and newly remodeled mixed-use building featuring 2 residential apartments and 3 commercial units. Long term tenants and long-term leases with a strong 9.07% cap rate and minimal landlord responsibilities. In place NOI of $51,216, and gross income of $62,556. Ideal for investors seeking stable cash flow and turn key property.

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© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Logan Frazier Homes | The Real Estate Group. Data last updated: 2026-07-22T15:44:53.987.
www.loganfrazierhomes.org/homes/163304220
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19478 Springfield Road Groveland, IL 61535

  • Price: $565,000
  • Status: Active
  • On Site: 445 Days
  • Updated: 38 min ago
  • ID#: PA1257603
0
Beds
0
Baths
0
½ Baths
0.44
Acres
1979
Built
Neighborhood:
Paar Area
County:
Tazewell
Area:
Paar Area
Property Description
Fully occupied and newly remodeled mixed-use building featuring 2 residential apartments and 3 commercial units. Long term tenants and long-term leases with a strong 9.07% cap rate and minimal landlord responsibilities. In place NOI of $51,216, and gross income of $62,556. Ideal for investors seeking stable cash flow and turn key property.
Exterior Features

Construction Materials Wood SidingBrickVinyl SidingFrame Parking Total 25 Roof Composition Shingle

Interior Features

Building Area Total 6200 Common Laundry YN Yes Cooling Central Air Flooring CarpetConcreteTile Heating Forced AirNatural Gas

Property Features

Agent Owned No Financing Cash OnlyConventional Frontage Type Paved 2LaneCorner LotState Road Lease Term Yearly Renewal Lease Type Gross Levels TwoMulti-Tenant Lot Size Dimensions 155x125 Owner Pays TaxesInsuranceCommon Area MaintenanceTrash CollectionWater Possible Use OfficeMulti-Family Security System YN Yes Sewer Septic Tank Tax Annual Amount 7260.14 Tax Incentive1 None Tax Legal Description SEC 22 T25N R4W PINE HILL SUBD EXT 1 LOT 1 SE 1/4 Tax Year 2024 Tenant Pays GasElectricity Type Commercial Zoning comm

Listing provided courtesy of Tonya Crawford of R & R Realty: .
© 2026 RMLS Alliance, LLC. All Rights Reserved.


© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Logan Frazier Homes | The Real Estate Group. Data last updated: 2026-07-22T15:44:53.987.
 
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