123 E Center Street
Leroy, IL, 61752 $ 300,000
Bedrooms-- Baths-- Monthly Estimate*
$ 2,072
for $300,000. This building was built in 1884 on a lot size of 0.04.
Historic charm meets investment opportunity! This beautiful 1884 brick building located on Main Street offers a unique opportunity to own a well-maintained, fully occupied mixed-use property featuring six commercial and residential units. The original historic facade and classic brickwork provide timeless character, while numerous recent improvements add value and help reduce near-term maintenance concerns. The commercial spaces include a photography studio with private restroom and separate basement access, along with a dance studio featuring new flooring, private restroom, and separate basement access. The residential portion offers four apartments, including studio, one-bedroom, and three-bedroom layouts. Recent updates include a new roof in 2021, replacement of the sewer line beneath the photography studio, new supply lines to apartments 5 and 6, new flooring, fresh paint, an updated kitchen, and additional plumbing improvements. The spacious three-bedroom apartment offers approximately 1,200 square feet with a new kitchen, updated dining area flooring, and two living spaces. Three units are currently on month-to-month agreements, with tenants willing to sign new leases, providing flexibility for the next owner to establish their preferred rental terms. With all six units occupied, this property offers an excellent opportunity to own a piece of local history while generating income from multiple sources. Don't miss this unique investment opportunity!
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FeaturesGeneralCooling Central Air Window Unit(s)
Possession Closing Tenant's Rights
Zoning COMMR
Year Built 1884
Electric Other
Stories Count 2
Property Subtype Mixed Use
Tax Year 2025
Gross Income 4065
County McLean
Insurance Expense 2119
Property Type Commercial Sale Mixed Use
Status New
Directions US-51 S.Take ramp onto I-74 E. Take exit 149 toward Le Roy. Continue on S Chestnut St. Continue toward CR-21 S. Continue on S Chestnut St.
City LeRoy
Number Of Units Total 6
MLS Area LeRoy
Lot Size Square Feet 1639
Tax Annual Amount 1769
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 3852
Standard Status Active
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ExteriorLot Dimensions .04
Lot Size Acres 0.04
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* Excluded FeaturesList ByHome Sweet Home RealtyBroker
listwithliz59@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,072
- Monthly Property Taxes
- $147
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyCommerical listings in Leroy, IL
Average List Price $0
Percent of Sale Price 100%
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/4/2026 | $300,000 | | Listed Price |