140&142 W Broadway Active Save Request In-Person Tour Request Virtual Tour
Sparta,IL 62286
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Not In A Subdivision
MLS Listing ID 25045553
Year Built 1900
Property Sub-Type Mixed Use
Property Description
Located in the heart of town, this property offers both steady income and outstanding potential. The main structure includes six apartment units, 3 efficiency and 3 one bedroom apt's, all currently occupied. Many of the units have been updated, providing comfortable living spaces that attract long-term renters. Water and electricity are conveniently included in the rent, simplifying management for the owner.
Next door, the second building adds tremendous flexibility. This structure features a welcoming storefront with excellent visibility and heavy foot traffic—perfect for a retail shop, cafe, studio, gallery, or office. The versatile layout offers endless possibilities to bring your business vision to life or expand your rental portfolio.
Situated among popular restaurants, boutiques, and local attractions, the property is just minutes from public transportation and parking, making it easily accessible to residents and customers alike. Whether you're seeking a turnkey investment with consistent rental income or a dynamic space to launch your own enterprise, this rare combination of residential and commercial potential is a truly unique opportunity. This property also includes parcel # 19-15-001-00
Location
State IL
County Randolph
Interior
Heating Baseboard,Electric,Forced Air
Exterior
Utilities Available Electricity Connected,Sewer Connected,Water Connected
Building
Water Public
Structure Type Brick
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard