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123 E Union Ave
Litchfield, IL 62056
Retail Property For Sale


Executive Summary
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! Information is approximate.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
1,248 SF
Building Class
B
Year Built
1950
Price
$279,960 CAD
Price Per SF
$224.33 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.04 AC
Property Taxes
| Parcel Number | 10-33-376-010 | Improvements Assessment | $30,207 CAD |
| Land Assessment | $10,041 CAD | Total Assessment | $40,248 CAD |
Property Taxes
Parcel Number
10-33-376-010
Land Assessment
$10,041 CAD
Improvements Assessment
$30,207 CAD
Total Assessment
$40,248 CAD
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