154-156 E Railroad Street Leland, IL $ 259,900
154-156 E Railroad Street
$ 259,900
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154-156 E Railroad Street

Leland, IL, 60531
$ 259,900
Bedrooms-- Baths--

Monthly Estimate*

$ 1,641

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Commercial Property for sale in Leland, IL

for $259,900. This building was built in 1891 on a lot size of 0.088269.

Get started investing or add this mixed use investment property to your portfolio. Located in downtown Leland this building features a first floor retail space as well as two apartments. There is a one bedroom one bath apartment on first floor and a two bedroom one bath apartment on the second floor. Building updates include new windows and new insulation plus a new roof was installed just 2 years ago. Both apartments have been completely updated with new LVP flooring, new drywall, doors, bathroom fixtures and vanities, kitchen cabinets and appliances. The first floor apartment has laundry in the unit, a separate kitchen and a nice sized family room. This unit also has access to the backyard with a fenced in area. The second floor apartment features soaring vaulted ceilings in the primary bedroom and family room. The first floor retail unit is approximately 900 sf. There is a good sized showroom upfront with display windows, a backroom, a kitchenette and a full bathroom with a shower. The building also has a full basement. Each unit is separately metered for electricity. There is one water meter and one gas meter. The retail unit and second floor apartment are occupied by the same tenant. The owner occupies the first floor apartment and will vacate upon sale making this a great opportunity for an owner occupant. This property is being sold as-is.

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Commercial Active

Price

$ 259,900

Property Type

Commercial

Taxes

$ 1,373

Style

Commercial

Lot Size

0.088269

Year Built

1891

Town/City

Leland

County/Region

La Salle

MLS | Web ID

12739298

Features
General
Cooling None
Zoning COMMR
Construction Materials Brick Block
Year Built 1891
Electric Circuit Breakers Separate Meters
Stories Count 2
Township Adams
Property Subtype Mixed Use
Tax Year 2025
Current Use Commercial
Gross Income 0
County LaSalle
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status New
Directions N main St downtown Leland to E Railroad Ave then East to the property.
City Leland
Number Of Units Total 3
MLS Area Baker / Leland
Lot Size Square Feet 3845
Tax Annual Amount 1373.76
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Interior
Flooring Vinyl
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Exterior
Lot Dimensions 27x138x28x138
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* Excluded Features
List By
Coldwell Banker Real Estate Group

Broker

chas.kirkwood@gmail.com

Email

Affordability Calculator

$1,755
Per Month
93%
7%
0%
Monthly Principal & Interest
$1,641
Monthly Property Taxes
$114
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/21/2026$259,900 Listed Price

Map


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154-156 E Railroad Street, Leland, IL, 60531 is a Commercial Property for sale at $259,900 with a lot size of 0.088269. 154-156 E Railroad Street was built in 1891. The property's zip code is 60531 which is in Leland, IL