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412 & 414 S Locust Street, Delavan, IL 61734

$295,000

3,740 sq ft
CLS# 1261454
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Excellent opportunity to own a historic building on the square downtown in Delavan.

This investment property consists of two retail spaces and one apartment on the main level, and 3 apartments on the upper level of the building. New carports were put in to provide spaces for each unit. All four apartments are currently leased and both retail spaces are currently leased. There is one space still available that the current owners are using for storage that could be added to either retail unit. The building has been well cared for, updated and includes a common laundry room. Current rents are $3,450 per month. Recent improvements include new downspouts/gutters, front foundation and facade (2020), roof was repaired and resealed in 2024, and many windows have been replaced.

Property Details

City
Delavan
County
Tazewell
Type
Commercial Sale
New Construction
No
Zoning
Business
Square Ft.
3,740
Avail Square Ft.
3,740
Acres
0.16
Year Built
1891

Features

Roofing
  • Flat
  • Sloped
Heating/Cooling
  • Forced Air
  • Natural Gas
Water/Sewer
  • Municipal/City

Financials

2024 Taxes
2557.84
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of RE/MAX Traders Unlimited, Justin Ball, as of 10/08/2025 15:15pm 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.