123 E Union Avenue, Litchfield, IL 62056
Litchfield · Montgomery County
Key Facts
Description
Position your business for success in this prime downtown mixed-use property offering exceptional visibility and steady foot and vehicle traffic. Perfectly suited for entrepreneurs and investors alike, this versatile building combines a turnkey commercial space with an income-producing residential unit above. The main level features a fully operational salon and spa, thoughtfully designed for efficiency and client comfort. The functional layout supports a wide range of beauty and wellness services, including a private spa treatment room added in 2023 to expand service offerings. A recently installed heating and A/C system ensures year-round comfort and energy efficiency. This turnkey setup is ideal for an owner-operator ready to step in or an investor seeking a ready-to-lease commercial space. Upstairs, a spacious 2-bedroom, 1-bath apartment provides immediate rental income, as it is currently tenant-occupied. With a separate entrance and private living space, the residential unit offers convenience and privacy for occupants, making it an attractive long-term rental. Additional highlights include two private parking spaces - a rare and valuable feature in a downtown location - and a main-level storage room accessible to both commercial and residential tenants. With strong income-producing potential and dual revenue streams, this property is an outstanding opportunity for a live/work setup, owner-user, or passive investor. The established salon and spa layout is especially appealing for service-based businesses seeking high exposure in a thriving location. Call today to schedule your showing! Seller will also consider leasing the business space for $1,500 per month which includes utilities, internet and trash.
Property Information
Property Type
Commercial Sale
Lot Size
0.04 acres
Days on Market
33
MLS® Listing#
26017002
Property Features
Construction
Financial Details
Annual Taxes
$2,447
Tax year 2024
Parcel Number
10-33-376-010
Directions
Use GPS
Affordability Calculator
$41,000
Estimated monthly payment
$1,091/mo
Principal $164,000 · Est. interest $228,795 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Litchfield, IL
- 57
- Median Days on Market
- 1,412
- Median Sq Ft
- $107
- Median Price / Sq Ft
- 30
- Active Listings
Market statistics compiled from active EXIT Realty® and MLS listings in Litchfield, IL.
Location
Points of Interest in Litchfield, IL
Showing the Litchfield area map.
Nearby Schools
Litchfield Christian School
School · 0.2 mi away
Russell Elementary School
Elementary · 0.2 mi away
Madison Park Elementary School
Elementary · 0.4 mi away
Zion Lutheran School
School · 0.5 mi away
Sihler Elementary School
Elementary · 0.5 mi away
Litchfield Pre-Kindergarten
School · 0.5 mi away
J D Colt Elementary School
Elementary · 0.7 mi away
International Children's Ministry Institute Icmi
School · 0.7 mi away
Litchfield High School
Secondary · 0.8 mi away
Litchfield Middle School
Secondary · 0.8 mi away
Immanuel Lutheran Church
School · 8.3 mi away
Beckemeyer Elementary School
Elementary · 8.4 mi away
Mt Olive High School
Secondary · 8.7 mi away
Hillsboro Junior High School
Secondary · 9.0 mi away
Hillsboro Community Unit School District 3
School · 9.1 mi away
Hillsboro High School
Secondary · 9.2 mi away
St Simon & Jude Church
School · 9.5 mi away
Gillespie High School
Secondary · 9.8 mi away
Gillespie Middle School
Secondary · 9.9 mi away
Ben-Gil Elementary School
Elementary · 10.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1120 N Jefferson Street, Litchfield, IL | $149,900 | 2 | 1 | 1,110 |
| 1205 N Locust Street, Litchfield, IL | $150,000 | 3 | 2 | 1,512 |
| 227 S Montgomery Avenue, Litchfield, IL | $153,000 | 2 | 1 | 1,050 |
| 602 N Harrison Street, Litchfield, IL | $154,999 | 3 | 2 | 1,338 |
| 706 N Locust Street, Litchfield, IL | $160,000 | 3 | 2 | 1,497 |
| 713 S Jackson Street, Litchfield, IL | $169,900 | 3 | 2 | 1,599 |
Moving Cost Estimate
EXIT Agents in Litchfield
Listing Courtesy: Century 21 Reid Baugher Realty - 2173245286
Presented by: Lori Reid-Gardner