121 E Union Avenue , Litchfield, IL 62056

$250,000
  • 121 E Union Avenue , Litchfield, IL 62056 Main Photo

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New to the Market Active
MLS#26042233
STATUSActive PROPERTY TYPECommercial - SUBDIVISIONLitchfield

Property Description

**Triple-Income Investment Opportunity in Downtown Litchfield!**Don't miss this exceptional opportunity to own two income-producing buildings at **119 & 121 E. Union Avenue** in the heart of thriving downtown Litchfield. With multiple revenue streams already in place and room for future growth, this property is an outstanding investment.**121 E. Union Avenue** is home to a successful and well-established BBQ restaurant featuring a full commercial kitchen and a spacious dining area. A current lease is in place with the restaurant tenant and must be honored, providing immediate rental income from day one. Roof over restaurant is newer.**119 E. Union Avenue** features the beautifully designed dining room and bar area that complements the restaurant next door. Upstairs, you'll find **two occupied 1-bedroom, 1-bath apartments**, creating additional rental income. With some updates, the apartments offer the potential to be converted into **2-bedroom units**, increasing their rental value and appeal.Situated on one of the busiest streets in downtown Litchfield, with an average of 10,700 daily traffic volume, this unique property offers the rare opportunity to generate income from **commercial and residential tenants** while providing plenty of upside for future growth. Whether you're looking to expand your investment portfolio or secure a prime downtown property with established cash flow, this is an opportunity you won't want to miss! Current income and lease agreements can be provided to pre approved buyers agent

121 E Union Avenue | MLS# 26042233

This commercial property located at 121 E Union Avenue , Litchfield, IL 62056 is currently listed for sale with an asking price of $250,000. Search Litchfield real estate on amueller.strano.com today.

Property Features

Property Type: Commercial -
Cooling: Other
Heating: Other
Lot Size: 0.05 Acres
Taxes: $887

Feature Descriptions

Current Use: Restaurant
Days on Site: 3
Electric: Ameren
Exterior: Brick
Parcel#: 10-33-376-009
Potential Use: Commercial, Convenience Store, Grocery, Recreational, Restaurant
Water: Public

Listed By / Shown By

Listed By

Agency Name: Aumann Realty Inc

Shown By

Agent Name: Anna Mueller
Agent Phone: (618) 277-7653
Agency Title: Strano & Associates

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