120 W Union Avenue , Litchfield, IL 62056

$265,000
  • 120 W Union Avenue , Litchfield, IL 62056 Main Photo

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New to the Market Active
MLS#26066863
STATUSActive PROPERTY TYPECommercial - Retail SUBDIVISIONCity-Litchfield

Property Description

Exceptional opportunity to own a versatile mixed-use commercial property situated along Route 16, a major thoroughfare offering outstanding traffic exposure and visibility. Currently operating as an indoor flea market and antique store, the property features **40+ active vendor booths** and fully functional retail spaces, making it an attractive investment for an owner-operator, investor, or entrepreneur seeking an established business opportunity.The seller is willing to transition existing business operations to a qualified buyer, offering the potential for a turnkey operation. Alternatively, the flexible commercial layout allows for the space to be divided into two individual storefronts or reconfigured to accommodate a variety of future commercial uses.The property also offers private off-street customer parking, adding convenience and accessibility for shoppers and visitors.Separate access to upstairs, discover a beautifully modernized and renovated apartment featuring stunning hardwood floors and an open-concept living space. This additional living area provides an excellent opportunity for supplemental rental income or convenient owner occupancy. An operational elevator and dumbwaiter add functionality and accessibility to the building.Further enhancing the property's investment potential, individual spaces are separately metered. Two additional upstairs spaces have existing electrical and water rough-ins, providing an opportunity to develop additional apartments or expand the property's income-producing capabilities, subject to applicable approvals and permitting.The seller is willing to review existing plans and discuss the property's potential with prospective buyers, helping them envision the many possibilities this unique property has to offer.A rare opportunity to combine commercial retail, an established vendor-based business, residential income, and future expansion potential in one highly visible Route 16 location.** Whether you are looking to operate an existing business, expand your investment portfolio, or reimagine the space to suit your vision, this property offers flexibility, functionality, and significant upside potential.

120 W Union Avenue | MLS# 26066863

This commercial property located at 120 W Union Avenue , Litchfield, IL 62056 is currently listed for sale with an asking price of $265,000. Search Litchfield real estate on www.strano.com today.

Property Features

Property Type: Commercial - Retail
Cooling: Central Air
Heating: Forced Air, Natural Gas
Lot Size: 0.25 Acres
Taxes: $1,873

Feature Descriptions

Current Use: Retail
Days on Site: 3
Electric: Ameren
Exterior: Brick
Parcel#: 10-33-358-026
Parking: Off Street, Parking Lot
Road Frontage: City Street
Water: Public

Listed By / Shown By

Listed By

Agency Name: RE/MAX Alliance

Shown By

Agency Title: Strano & Associates
Agency Phone: 618-277-7653

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