Welcome Home

19478 Springfield Road, Groveland, IL 61535

$569,000

6,200 sq ft
CLS# 1257603
I want more information
New Listings
Price Reductions
Neighborhood Trends
Value of My Home
Coming to Peoria
Leaving Peoria

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.

Property Details

City
Groveland
County
Tazewell
Type
Commercial Sale
New Construction
No
Zoning
Comm
Square Ft.
6,200
Avail Square Ft.
6,200
Acres
0.44
Apx Lot Size
155x125
Year Built
1979

Features

Roofing
  • Composition Shingle
Heating/Cooling
  • Forced Air
  • Natural Gas
Lease Information
  • Yearly Renewal

Financials

2024 Taxes
7260.14
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of R & R Realty, Tonya Crawford, as of 02/05/2026 14:15pm 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 renting or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.