Contact us: 563.441.1776
Description
Investment opportunity with income already in place! This two-story mixed-use building features two commercial units and eight residential units, offering multiple income streams under one roof. Five of the eight residential units are currently occupied, allowing a new owner to begin generating rental income from day one, with additional upside by leasing the remaining three units. The property has appraised for $400,000 and is being offered at $300,000, including the parking lot. With existing tenants, room to increase occupancy, and a purchase price well below the appraised value, this property offers an excellent opportunity for an investor looking to add a mixed-use income-producing property to their portfolio. Bring the remaining units to full occupancy and put this property to work for you!
Property Highlights
Property Type: Commercial - Retail
Building Description: 2.0 stories
Available Sqft: 13724
General Information
County: Macoupin
Listed By:
The Real Estate Group, Inc.
Mobl: 217-725-5458
RMLSA
MLS ID: CA1046639
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145 N Springfield Street, Virden, IL 62690.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $300,000 | $300,000 | $300,000 |
| Down Payment | $60,000 | $10,500 | $75,000 |
| Monthly Mortgage Amount | $1,557 | $1,911 | $1,929 |
| Taxes | $418 | $418 | $418 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $132 | $0 |
| Monthly Estimated Total | $2,075 | $2,561 | $2,447 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/07/2026. The listing information on this page last changed on 11/07/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 11/07/2026 12:09:39 AM EST) or MRED MLS (last updated Sat 11/07/2026 12:02:06 AM EST) or SCWMLS (last updated Fri 11/06/2026 11:55:21 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 11/06/2026 10:15:40 PM EST) or Cedar Rapids MLS (last updated Fri 11/06/2026 10:44:18 PM EST) or NEIRBR MLS (last updated Sat 11/07/2026 12:08:45 AM EST) or ICAAR MLS (last updated Fri 11/06/2026 11:37:37 PM EST) or ECIMLS (last updated Fri 11/06/2026 11:44:37 PM EST) or RMLSA (last updated Sat 11/07/2026 12:01:00 AM EST) or Muscatine MLS (last updated Sat 11/07/2026 12:00:14 AM EST) or No Coast MLS (last updated Sat 11/07/2026 12:04:24 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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