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121 E Union Avenue, Litchfield, IL, 62056

**Triple-Income Investment Opportunity in Downtown Litchfield!** Don't miss this exceptional opportunity to own two income-producing buildings at **119 & 121 E. Union Avenue** in the heart of thriving downtown Litchfield. With multiple revenue streams already in place and room for future growth, this property is an outstanding investment. **121 E. Union Avenue** is home to a successful and well-established BBQ restaurant featuring a full commercial kitchen and a spacious dining area. A current lease is in place with the restaurant tenant and must be honored, providing immediate rental income from day one. Roof over restaurant is newer. **119 E. Union Avenue** features the beautifully designed dining room and bar area that complements the restaurant next door. Upstairs, you'll find **two occupied 1-bedroom, 1-bath apartments**, creating additional rental income. With some updates, the apartments offer the potential to be converted into **2-bedroom units**, increasing their rental value and appeal. Situated on one of the busiest streets in downtown Litchfield, with an average of 10,700 daily traffic volume, this unique property offers the rare opportunity to generate income from **commercial and residential tenants** while providing plenty of upside for future growth. Whether you're looking to expand your investment portfolio or secure a prime downtown property with established cash flow, this is an opportunity you won't want to miss! Current income and lease agreements can be provided to pre approved buyers agent

Subdivision: Litchfield

List Price

$ 242,000

Status

Active

Days on market

0

MLS#

26042233

Bedrooms

0

Full baths

0

Subdivision

Litchfield

County

Montgomery

Property Type

Commercial Sale

Type

Commercial Sale

Additional Information

Property Tax (2024)

$887

Recent Nearby Sales in 62056

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
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
615 E Buchanan Street, Litchfield, IL 62056 2/1 915 $55,000 $52,500
95.5% of ask
Aug 18, 2026

Price & Listing History

Listed for sale
Jul 2, 2026 at $250,000
Price reduced by $8,000 (3.2%)
From $250,000 to $242,000
Current status: Active
As of Sep 4, 2026 · $242,000

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