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.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
228 ft.
Lot depth
280 ft.
Lot size
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Year renovated
—
Finished Sq. Ft.
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Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Tazewell County
APN
05-05-22-405-001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
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Garage
—
Features
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Last updated by owner on May 13, 2025.
C-1
Neighborhood Commercial District
The C-1 Neighborhood Commercial District is designed to provide commercial areas for the convenience of adjacent residential areas, and to permit only such uses as are necessary to satisfy the day to day shopping and service needs of persons residing in the district and adjacent areas.
Permitted uses
Include but are not limited to:
Bank
Convenience store
General retail
Restaurant
Bed & breakfast
Office
Fire house
Police station
Theater / performing arts facility
Veterinary clinic
Historical weather
Groveland, IL • 61535
Average low and high temperatures (°F)
31
16
41
23
60
36
67
47
74
53
83
65
87
70
83
65
82
59
71
49
52
37
38
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.6 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 19478 Springfield Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More