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1101 W Prospect Street, Kewanee, IL 61443

$55,000

1,132 sq ft
CLS# 1265984
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Residential Conversion Opportunity in Kewanee | Live/Work Potential.

Opportunities like this are rare in Kewanee. Formerly an HVAC sales office, this one-of-a-kind property sits right in the middle of a residential neighborhood and offers something most properties simply can’t: flexibility. Zoned R-2, the city will allow conversion to a residential home with proper permits, giving you the chance to design a truly custom living space from the ground up. Prefer to keep it as a business? That option is also on the table with city approval, making this a standout opportunity for entrepreneurs, small business owners, or anyone looking for a live/work setup. Inside, you’ll find multiple rooms already framed out, a large open front area perfect for a future living space or storefront-style office, and a functional layout that can be reimagined to fit your vision. The full basement adds additional space for storage, workshop use, or future finishing potential. Outside, the detached garage and corner-style positioning give you added flexibility for parking, storage, or expansion ideas. Yes-this property will require vision. But that’s exactly where the opportunity lies. Whether you’re looking to create a unique home, launch a business, or do both under one roof, this is your chance to build something completely different from the typical listing. Buyers are encouraged to verify all intended uses with the city and obtain any required approvals. Sold as-is.

Property Details

City
Kewanee
County
Henry
Type
Commercial Sale
New Construction
No
Zoning
R2
Square Ft.
1,132
Avail Square Ft.
1,132

Features

Roofing
  • Flat
  • Metal
Heating/Cooling
  • Forced Air

Financials

2024 Taxes
1799.08
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of eXp Realty, Jordan Myers, as of 04/27/2026 18:45pm 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.