Property for Sale: 121 E Union Avenue, Litchfield, IL 62056

$499,000
$499,000
121 E Union Avenue, Litchfield, IL 62056
$499,000
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Price:
$499,000
$51,000 - 05/23/2025
Est. payment: Skip to Mortgage Calculator

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Type Commercial
Taxes Paid $4,543
City Litchfield
County Montgomery
Subdivision Not in a Subdivision
MLS 25021520
Status Active
DOM 66 days
THAT'S AMORE! Discover an exceptional investment opportunity with this fully operational Italian restaurant located in a high-traffic area, blending culinary charm with income-generating residential space. This updated and well-maintained, mixed-use property features a fully equipped restaurant, complete with a spacious dining area, a separate gaming room, and a dedicated catering space ideal for private events or expanding your food service operations. Upstairs, the property offers three apartment units, two of which are fully finished and tenant-ready, providing immediate rental income. The third unit is partially finished, offering the perfect opportunity to customize or expand your residential offerings. Whether you’re a restaurateur looking to walk into a thriving business, an investor seeking a multi-income property, or a visionary entrepreneur ready to take this space to the next level, this property checks every box. Location: Downtown, High Traffic, Hwy/Interstate Frntg, Rural

Lot & Building Features

Construction Brick, Other
Cooling Central Air, Other, Electric
Heating Forced Air
Parking Description None
Sewer Public Sewer
Tax Year 2023
Taxes Paid $4,543
Water Public

Price History of 121 E Union Avenue, Litchfield, IL

Date Name Price Difference
05/23/2025 Price Adjustment $499,000 9.27%
04/08/2025 Listing Price $550,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$362,500
$52 / sqft
Average
$362,500
$52 / sqft
High
$362,500
$52 / sqft
Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Litchfield 62056 0 0.0 $499,000 0 $0 N/A
514 W Union Avenue Litchfield 62056 0 0.0 $362,500 7,000 $52 10/04/2024

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Map of 121 E Union Avenue, Litchfield, IL

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Listed by Century 21 Reid Baugher Realty, Lori Reid-Gardner
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0.91042084168337%
6.75%
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121 E Union Avenue (MLS #25021520) is a commercial listing located in Litchfield, IL. This property was listed on 04/08/2025 and has been priced for sale at $499,000.

The commercial listing at 514 Union Avenue in Litchfield is nearby and sold for $362,500 on 10/04/2024.

Nearby zip codes are 62049 and 62656. This property neighbors other cities such as Hillsboro.

Maris

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

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Listing information courtesy of: Century 21 Reid Baugher Realty

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