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123 E Union Avenue, Litchfield, IL, 62056

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! Seller will also consider leasing the business space for $1,500 per month which includes utilities, internet and trash.

Subdivision: Litchfield

List Price

$ 185,000

Status

Active

Days on market

0

MLS#

26017002

Bedrooms

0

Full baths

0

Subdivision

Litchfield

County

Montgomery

Property Type

Commercial Sale

Type

Commercial Sale

Additional Information

Property Tax (2024)

$2,447

Recent Nearby Sales in 62056

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
2216 N 15th Avenue, Litchfield, IL 62056 2/2 1,020 $265,000 $265,000
100% of ask
Sep 8, 2026
1013 N Jefferson Street, Litchfield, IL 62056 4/2 2,000 $82,500 $70,000
84.8% of ask
Sep 4, 2026
1003 N Walnut Street, Litchfield, IL 62056 2/1 1,348 $35,000 $36,000
102.9% of ask
Sep 3, 2026
12394 Roberson Road, Litchfield, IL 62056 3/2 1,931 $350,000 $350,000
100% of ask
Sep 1, 2026
707 N Madison Street, Litchfield, IL 62056 2/1 899 $12,000 $7,300
60.8% of ask
Aug 29, 2026
608 S Van Buren Street, Litchfield, IL 62056 2/1 1,432 $145,000 $147,000
101.4% of ask
Aug 28, 2026

Price & Listing History

Listed for sale
Mar 24, 2026 at $205,000
Price reduced by $20,000 (9.8%)
From $205,000 to $185,000
Current status: Active
As of Aug 27, 2026 · $185,000

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