About This Home

This 0-bedroom, 0-bathroom commercial at 145 N SPRINGFIELD Street in Virden, IL is listed for $300,000. on a N/A lot.

Key Features

  • 2 stories

Property Details

2 stories
Listing 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!

Monthly Cost Estimate

$1,604/mo

20% down · 6.5% · 30 years

Principal$217
Interest$1,300
Insurance$88

Estimates only. Actual payments may vary.

Location

145 N SPRINGFIELD Street

Virden, IL 62690

Property Details

Flooring

Carpet

Construction

Brick

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 145 N SPRINGFIELD Street is listed at $300,000. The estimated monthly payment is $1,605 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 2 stories.

This property is listed by Todd Musso.

TM

Todd Musso

Agent at The Real Estate Group, Inc.

Listed by The Real Estate Group, Inc. · Broker phone: (217) 787-7000 · Broker website

MLS# CA1046639· Source: RMLS Alliance· 40 days on PropertySimple

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

145 N SPRINGFIELD Street, Virden, IL 62690

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