121 E Union Ave - Retail FOR SALE


Litchfield, IL 62056
$550,000 USD
217-324-5286
121 E Union Ave, Litchfield, IL for Sale
$550,000 USD
Retail - FOR SALE
1/35
null | Request Cap Rate

NEW


121 E Union Ave
Litchfield, IL 62056


OVERVIEW

THAT'S AMORE! Discover an exceptional investment opportunity with this fully operational Italian restaurant located in a high-traffic area, blending culinary charm with income-generating residential space. This updated and well-maintained, mixed-use property features a fully equipped restaurant, complete with a spacious dining area, a separate gaming room, and a dedicated catering space ideal for private events or expanding your food service operations. Upstairs, the property offers three apartment units, two of which are fully finished and tenant-ready, providing immediate rental income. The third unit is partially finished, offering the perfect opportunity to customize or expand your residential offerings. Whether you’re a restaurateur looking to walk into a thriving business, an investor seeking a multi-income property, or a visionary entrepreneur ready to take this space to the next level, this property checks every box.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$342 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

Commercial

APN/PARCEL ID

10-33-376-005,10-33-376-006,10-33-376-008,10-33-376-009

ASK ABOUT THIS PROPERTY

Jennifer BaugherCentury 21 Reid Baugher RealtyMore Info
217-324-5286

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Jennifer BaugherCentury 21 Reid Baugher RealtyMore Info
217-324-5286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.